The earnings call reflected a balanced sentiment, with strong international growth and record gross profit offset by challenges in the HEYDUDE segment, North American revenue declines, and tariff impacts. Strategic decisions to protect long-term brand health were emphasized.

Company Guidance

During Crocs' second-quarter 2025 earnings call, the company reported a 3% year-over-year revenue increase, reaching $1.1 billion, with Crocs Brand revenues growing by 4% to $960 million and HEYDUDE revenues decreasing by 4% to $190 million. The adjusted gross margin rose 30 basis points to 61.7%, and the adjusted operating margin was approximately 27%, supporting adjusted diluted earnings per share of $4.23, a 5% increase from the previous year. Despite the challenging market, Crocs generated $269 million in free cash flow, repurchased 1.3 million shares, and reduced debt by $105 million, ending the quarter with a net leverage at the lower end of their target range of 1x to 1.5x. The company noted strong international growth, particularly in China and India, while managing cautious consumer behavior in North America by pulling back on promotional activities and planning inventory conservatively. Additionally, Crocs is focusing on cost savings, having already actioned $50 million, and is identifying further opportunities.

Record Gross Profit and Strong Free Cash Flow

Crocs achieved its highest ever quarterly gross profit, with a 61.7% adjusted gross margin, up 30 basis points from the prior year. This led to strong free cash flow of $269 million.

International Growth

International revenues for the Crocs Brand grew by 16%, surpassing 50% of the brand's revenue mix, with notable strength in China, India, and Western Europe.

Successful Sandal and Personalization Expansion

Crocs' sandal category saw notable strength, with successful viral marketing on TikTok. Personalization through Jibbitz Charms continued to expand, driven by international distribution and elevated charms.

HEYDUDE Direct-to-Consumer Growth

HEYDUDE's direct-to-consumer channel grew 7%, supported by new store openings and strong TikTok performance.

Crocs (CROX) Earnings, Revenues Date & History

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CROX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	2.38 / -	3.6	―	―	―
Aug 07, 2025	2025 (Q2)	4.00 / 4.23	4.01	5.49% (+0.22)
May 08, 2025	2025 (Q1)	2.48 / 3.00	3.02	-0.66% (-0.02)
Feb 13, 2025	2024 (Q4)	2.26 / 2.52	2.58	-2.33% (-0.06)
Oct 29, 2024	2024 (Q3)	3.10 / 3.60	3.25	10.77% (+0.35)
Aug 01, 2024	2024 (Q2)	3.56 / 4.01	3.59	11.70% (+0.42)
May 07, 2024	2024 (Q1)	2.25 / 3.02	2.61	15.71% (+0.41)
Feb 15, 2024	2023 (Q4)	2.37 / 2.58	2.65	-2.64% (-0.07)
Nov 02, 2023	2023 (Q3)	3.10 / 3.25	2.97	9.43% (+0.28)
Jul 27, 2023	2023 (Q2)	2.98 / 3.59	3.24	10.80% (+0.35)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CROX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$105.13	$74.39	-29.24%
May 08, 2025	$100.76	$110.65	+9.82%
Feb 13, 2025	$88.83	$110.05	+23.89%
Oct 29, 2024	$138.05	$111.58	-19.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.