Crocs Reports Strong Q4 Earnings, Shares Surge Over 17%

The company beat revenue and earnings expectations, driven by Crocs Brand growth and HeyDude's stabilization.

Crocs Inc. reported Q4 2024 revenue of $989.8 million, a 3.1% year-over-year increase, surpassing analyst expectations of $961.9 million.
Earnings per share for the quarter were $2.52, exceeding the consensus estimate of $2.26.
The Crocs Brand saw 4% revenue growth, while HeyDude's sales remained flat, outperforming earlier projections of a decline.
The company announced a $1 billion increase in its share repurchase authorization, bringing the total available for buybacks to $1.3 billion.
For fiscal year 2025, Crocs forecasts revenue growth of 2% to 2.5% and earnings per share between $12.70 and $13.15, with the Crocs Brand expected to grow while HeyDude faces continued challenges.