Crocs' second quarter adjusted EPS beat estimates, but HEYDUDE sales fell short while the company raised its full-year 2026 outlook.

Crocs reported second quarter 2026 revenue of $1.18 billion, a 2.6% increase year-over-year, while adjusted diluted EPS grew 7.6% to $4.55. The results were driven by continued strength in the core Crocs brand, which was partially offset by ongoing weakness in the HEYDUDE brand.

Key Highlights

• The core Crocs brand surpassed $1 billion in quarterly revenue for the first time, growing 4.3% year-over-year to $1.0 billion, led by 7.8% growth in international markets.
• HEYDUDE brand revenue declined 5.7% to $179 million, with the brand's wholesale channel revenue falling a significant 17.2%.
• The company raised its full-year 2026 guidance, now expecting revenue growth of 1% to 2% (up from -1% to +1%) and adjusted diluted EPS between $13.70 and $14.00 (up from $13.20 to $13.75).
• The Board of Directors increased the company's share repurchase authorization by $1.5 billion, bringing the total available for future repurchases to approximately $2.0 billion.