CROX earnings analysis
What we found in CROX's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Crocs, Inc. reported Q1 2026 revenues of $921 million, exceeding estimates, but diluted EPS of $2.71 fell short of the $2.78 estimate. The company raised its full-year guidance based on strong product demand and performance across its brands.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Exceeds Estimates
- Q1 2026 revenue was $921 million, surpassing the estimated $901.6 million by 2.2%.
- Gross Margin Improvement
- Gross margin improved slightly to 58.9%, up from 57.8% in the prior quarter.
- Consumer Demand Strength
- Management noted strong consumer demand in direct-to-consumer channels contributing to overall growth.
- Segment Growth in DTC
- Revenue growth was driven by the Direct-to-Consumer segment, reflecting increased e-commerce sales.
- Raised Guidance for 2026
- Company raised full-year revenue and EPS guidance due to Q1 performance.
- Cash Flow Improvement
- Reported free cash flow of $150 million, a significant turnaround from the prior quarter's -$83 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decrease in Operating Income
- Operating income dropped to 19.1%, down from 20.8% in the prior quarter.
- Currency Exchange Risk
- A hypothetical 1% increase in USD value would decrease revenues by $4.6 million.
- Interest Rate Risk
- Variable interest rates on $1.4 billion of borrowings pose a risk; a 1% hike could increase interest expense by $6.6 million.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $2.71
- Gross margin
- 58.9%
- Operating margin
- 19.1%
What they said about what is next.
Full-year revenue and EPS guidance raised based on robust demand; specific numbers not disclosed.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 12, 2026
- Crocs’ 2025 filing emphasizes a two‑brand strategy (Crocs Brand and HEYDUDE) with priorities to “ignite our icons,” expand occasions and digital/DTC channels, and drive market share in six Tier 1 markets. The company…
- 10-Q · August 7, 2025
- Crocs reported Q2 revenue of $1,149,373,000, up from $1,111,502,000 in Q2 2024, but recorded $738,115,000 of non‑cash asset impairments (HEYDUDE trademark $430,000,000 and HEYDUDE goodwill $307,000,000) that drove an…
- 10-Q · May 8, 2025
- Crocs reported Q1 2025 revenues of $937,333 and diluted EPS of $2.83, roughly flat versus Q1 2024 revenue of $938,633 while EPS rose from $2.50. Gross profit improved to $541,549 (57.8% margin) and foreign currency…
- 10-K · February 13, 2025
- Crocs positions itself to grow by ‘igniting its icons’, expanding market share in six Tier 1 markets, and broadening wearing occasions across the Crocs and HEYDUDE brands. The 10-K highlights rising international mix…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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