CROX Crocs, Inc.

BULLISH Impact: 6/10 8-K
Horizon days Filed Apr 30, 2026 Processed 1mo ago SEC 0001334036-26-000029
8-K Item 2.02: Earnings release
Latest settled — T+20d
CROX ▲ +16.32% at T+20d
LONG call ✓ call won +16.32% · α vs SPY +11.35% · entry $101.98 → $118.62
Next anchor: T+60d in 7w
Last close $120.65 (close Jun 8) · +18.31% from $101.98 entry
Entry anchored
Apr 29, 03:59 PM ET
via Databento tick
T+1d
+1.86%
call +1.86% · α +1.64%
$103.88
settled 6w ago
T+5d
+3.70%
call +3.70% · α +1.97%
$105.75
settled 5w ago
T+20d
+16.32%
call +16.32% · α +11.35%
$118.62
settled 12d ago
T+60d
—
call — · α —
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in 7w

Price Chart

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Executive Summary

Crocs reported Q1 2026 revenue of $921M (down 1.7% YoY) and adjusted diluted EPS of $2.99 (down 0.3% YoY), which beat consensus estimates of $2.78. The company raised its full-year 2026 adjusted EPS guidance to $13.20-$13.75 from $12.88-$13.35, citing broad consumer relevance and DTC growth. However, total revenue continued to decline, HEYDUDE brand revenue fell 12.3%, and operating income decreased 7.8% YoY, capping the bullish narrative.

Key Financial Metrics

Guidance
down 1% to up 1% vs FY2025
raised
Free Cash Flow
-$98.9M
Gross Margin
56.8%

Actionable Insight

The EPS beat and raised guidance are positive catalysts, but the continued revenue decline and HEYDUDE weakness cap upside. Watch for Q2 guidance of $4.15-$4.35 adjusted EPS — if the company can deliver on that, the full-year raise looks achievable. Monitor wholesale trends and HEYDUDE stabilization as key swing factors.

Key Facts

  • Q1 2026 revenue $921M, down 1.7% YoY (vs consensus $900.9M)
  • Adjusted diluted EPS $2.99, down 0.3% YoY (vs consensus $2.78, beat by 7.6%)
  • Full-year 2026 adjusted EPS guidance raised to $13.20-$13.75 from $12.88-$13.35
  • Full-year 2026 revenue guidance narrowed to down 1% to up 1% (from down 1% to up slightly)
  • DTC revenue grew 12.1% YoY; wholesale declined 9.9%
  • Crocs Brand revenue +0.8% YoY; HEYDUDE Brand revenue -12.3% YoY
  • Adjusted operating margin 22.3% vs 23.8% a year ago
  • Repurchased 0.8M shares for $73.6M post-quarter; $673.2M authorization remaining

Financial Impact

EPS beat of ~7.6% vs consensus and raised full-year guidance by ~3.5% at midpoint

revenueepsguidanceoperating margin

Risk Factors

  • Revenue declining for third consecutive quarter (Q4 2025 -3.2%, Q1 2026 -1.7%)
  • HEYDUDE brand revenue down 12.3% with wholesale -24.7%
  • Gross margin compression (56.8% vs 57.8%)
  • Operating cash flow negative $80.9M in Q1 (seasonal working capital build)

Market Snapshot

Exchange
Nasdaq
Sector
Rubber & Plastics Footwear
Analyst Consensus
43% bullish (23 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001334036-26-000029
Document: crox-20260430.htm0001334036-26-000029
Document: 0001334036-26-000029-index-headers.html0001334036-26-000029
Document: 0001334036-26-000029-index.html0001334036-26-000029
Document: 0001334036-26-000029.txt0001334036-26-000029
8-K Data (Synthetic)0001334036-26-000029
3 reports for CROX
Performance horizon

Track record builds as more directional reports settle.

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Reports for CROX — sortable, filterable
Type Now
Apr 30, 2026
5w ago
8-K
BULLISH ★ 6/10
$101.98 $118.62▲ +16.32%▲ +11.35%$120.65 (+18.31%)
Feb 20, 2026
15w ago
Insider Cluster
BEARISH ★ 6/10
$100.04 $75.78▲ +24.25%▲ +18.30%$120.65 (−20.60%)
Feb 20, 2026
15w ago
Insider Cluster
BEARISH ★ 6/10
$100.04 $75.78▲ +24.25%▲ +18.30%$120.65 (−20.60%)
Showing 3 of 3

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