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Crocs (CROX)
NASDAQ:CROX
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.26Last Year’s EPS
$2.58Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: -18.97%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted solid growth in the Crocs brand, particularly internationally, and successful collaborations. However, significant challenges were noted with the HEYDUDE brand's performance and broader market conditions, particularly in North America and China. The overall sentiment reflects a balance of positive brand growth for Crocs and notable difficulties for HEYDUDE.Company Guidance
In the third quarter of 2024, Crocs, Inc. exceeded its guidance in terms of sales and profitability with consolidated enterprise revenues reaching $1.1 billion, marking a 2% increase from the previous year. The Crocs brand saw an 8% growth, with international sales up by 17% and North America by 2%. Despite a 17% contraction in HEYDUDE revenues, adjusted diluted EPS increased by 11% to $3.60 per share. The company anticipates its full-year enterprise revenue growth to be approximately 3% and maintains expectations for a consolidated adjusted operating margin of more than 25%. Looking ahead, Crocs plans for 2025 include focusing on international growth, particularly in China, India, and Western Europe, while continuing to invest in talent, marketing, digital, and retail initiatives, though this is expected to exert additional pressure on EBIT margins.Crocs Brand Revenue Growth
Crocs brand grew 8% overall, with international growth of 17% and North America up 2%. All three product pillars, clogs, sandals, and personalization, saw growth.
Adjusted EPS Increase
Adjusted diluted EPS of $3.60 per share increased 11% year-over-year.
Successful Collaborations
Successful collaborations included McDonald's Happy Meal partnership, which sold 400,000 units in China within 48 hours, generating over 10 billion brand impressions.
International Expansion
Crocs expanded in international markets with strong growth in Australia, China, France, and Germany. China grew over 20% despite a more cautious consumer environment.
HEYDUDE ASP Increase
Average selling prices (ASPs) for HEYDUDE increased by 4% to $30.94.
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CROX Earnings History
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 |
|---|---|---|---|
| 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% |
| Feb 15, 2024 | $108.37 | $121.63 | +12.24% |
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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FAQ
When does Crocs (CROX) report earnings?
Crocs (CROX) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Crocs (CROX) earnings time?
Crocs (CROX) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CROX EPS forecast?
CROX EPS forecast for the fiscal quarter 2024 (Q4) is $2.26.
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