Crocs (CROX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Crocs reported revenue of $957.64 million for the quarter ended December 2025, reflecting a year-over-year decline of 3.3% and an EPS of $2.29 compared to $2.52 a year ago, with a revenue surprise of +4.25% over the Zacks Consensus Estimate of $918.64 million and an EPS surprise of +19.38% over the consensus estimate of $1.92 [1] Revenue Performance - Crocs Brand revenue was $768.38 million, exceeding the average estimate of $743.92 million by four analysts, representing a +0.8% change year-over-year [4] - HEYDUDE Brand revenue was $189.26 million, surpassing the average estimate of $176.74 million by four analysts, but showing a -16.9% change year-over-year [4] - HEYDUDE Brand wholesale revenue was $56.47 million, below the average estimate of $60.34 million by two analysts, indicating a -40.5% change year-over-year [4] - Crocs Brand direct-to-consumer revenue was $474.85 million, exceeding the average estimate of $446.1 million by two analysts, with a year-over-year change of +6.1% [4] - HEYDUDE Brand direct-to-consumer revenue was $132.79 million, slightly above the average estimate of $123.09 million by two analysts, showing no change year-over-year [4] - Crocs Brand wholesale revenue was $293.54 million, below the average estimate of $300.79 million by two analysts, reflecting a -6.7% change year-over-year [4] Gross Margin Analysis - Non-GAAP Gross Margin for HEYDUDE Brand was 39.7%, lower than the estimated 41.9% by two analysts [4] - Non-GAAP Gross Margin for Crocs Brand was 57.8%, slightly below the estimated 58.7% by two analysts [4] Stock Performance - Crocs shares returned -1% over the past month, compared to the Zacks S&P 500 composite's -0.3% change, with a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]