Crocs beats Q1 earnings estimates and raises 2026 revenue and EPS outlook.

Crocs reported first quarter earnings that surpassed Wall Street expectations, with adjusted EPS of $2.99 versus the $2.77 forecast and revenue of $921.5 million, slightly above estimates. Despite a 1.7% year-over-year revenue decline, driven by weaker wholesale sales offset by 12.1% growth in direct-to-consumer channels, Crocs raised its full-year 2026 revenue guidance to a range of down 1% to up 1%, improving from a prior slight decline forecast. Adjusted EPS guidance was also increased to $13.20-$13.75 from $12.88-$13.35. The company continues to innovate and sees strong consumer demand, while also repurchasing shares with $673.2 million remaining in authorization.