Crocs, Inc. reported strong revenue growth and financial performance for 2024 with successful debt reduction and share buybacks. However, challenges such as slowed growth in North America, a decline in HEYDUDE revenues, and external factors like tariffs and currency fluctuations present obstacles. The overall sentiment of the call is cautiously optimistic as the company focuses on addressing these challenges.

Company Guidance

During the Crocs Fourth Quarter 2024 Earnings Call, the company reported several key financial metrics and provided guidance for 2025. Crocs achieved a 4% revenue growth for the full year 2024, totaling $4.1 billion, with an adjusted gross margin of 58.8%, marking a 230 basis point increase over the previous year. The Crocs Brand revenues grew 10% to $3.3 billion, with international sales up 19% and North America up 3%. The HEYDUDE Brand generated $824 million, with a return to growth in the direct-to-consumer channel in the fourth quarter. The company generated $923 million in free cash flow, enabling debt reduction and share repurchases. For 2025, Crocs anticipates a 2% to 2.5% revenue growth on a reported basis and an adjusted operating margin of approximately 24%, despite expected foreign currency and tariff impacts. The company plans continued investments in marketing and talent and expects adjusted diluted EPS between $12.70 and $13.15.

Record Revenue and Growth

Crocs, Inc. achieved $4.1 billion in total revenues for the full year of 2024, marking a 4% increase compared to the prior year. The Crocs Brand grew by 10%, with international growth at 19% and North America at 3%.

Strong Financial Performance

The company reported adjusted gross margins of 58.8%, a 230 basis point increase over the prior year, and an adjusted operating margin of 25.6%. Adjusted diluted EPS increased by 9% to $13.17.

Successful Debt Reduction and Share Buybacks

Crocs generated $923 million in free cash flow, allowing them to pay down $323 million in debt and repurchase approximately 4.3 million shares for $551 million.

HEYDUDE Brand Recovery

HEYDUDE Brand revenues stabilized, with the fourth quarter showing flat growth compared to the prior year and a 7% increase in the direct-to-consumer channel.

Strong Performance in China

China revenues grew 64% year-over-year, making it the second-largest market after the US. The growth was balanced, reflecting positive comp store sales, digital growth, and new store growth.

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Crocs (CROX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CROX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 01, 2025	2025 (Q1)	2.49 / -	3.02	―	―	―
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)
Apr 27, 2023	2023 (Q1)	2.16 / 2.61	2.05	27.32% (+0.56)
Feb 16, 2023	2022 (Q4)	2.25 / 2.65	2.15	23.26% (+0.50)

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

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CROX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 13, 2025	$88.83	$110.05	+23.89%
Oct 29, 2024	$138.05	$111.58	-19.17%
Aug 01, 2024	$134.37	$130.81	-2.65%
May 07, 2024	$126.63	$136.49	+7.79%

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.

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