Crocs Shares Jump After Q4 Earnings Best Wall Street Expectations

Core Insights - Crocs Inc. reported better-than-expected fourth quarter earnings, leading to a 19.8% increase in share price to $99.06 [1] - The company achieved over $4 billion in revenue for the year, driven by low-double digit international growth [2] - Crocs' CEO expressed confidence in the company's growth engines and outlined $100 million in cost savings for 2026 [2] Financial Performance - For the quarter ended December 31, net income decreased to $105.2 million, or $2.03 per diluted share, down from $368.9 million, or $6.36, in the same quarter last year [2] - Revenue for the quarter fell 3.2% to $957.6 million from $989.8 million [2] - Adjusted earnings per share (EPS) for the quarter was $2.29, surpassing Wall Street's expectation of $1.91 [4] Revenue Breakdown - Crocs brand revenues increased by 0.8% to $768 million, with direct-to-consumer (DTC) revenues up 6.1% and wholesale revenues down 6.7% [3] - North America revenues declined by 7.4%, while international revenues rose by 14.1% [3] - Hey Dude brand revenues fell by 16.9%, with DTC revenues flat and wholesale revenue dropping by 40.5% [3] Annual Overview - For the year, Crocs reported a net loss of $81.2 million, or $1.50 per diluted share, compared to a net income of $950.1 million, or $15.88, in 2024 [4] - Annual revenue decreased by nearly 1.5% to $4.04 billion from $4.10 billion [4]