Crocs Stock Leaps 20% After it Reports Higher Revenue Than Expected

Crocs (CROX) shares shot up more than 20% Thursday after the shoe company beat earnings estimates and projected that revenue growth would keep pace this year.

Crocs on Thursday reported revenue for the fourth quarter that exceeded Wall Street’s expectations, and a record $4.1 billion in revenue for the full year. For the fourth quarter, the company made $6.36 in diluted earnings per share (EPS) on $989.8 million in revenue—well above the analyst consensus estimate of $2.27 EPS on $962.6 million in revenue provided by Visible Alpha.

Results for the full year came in closer to expectations. Crocs reported $15.88 in diluted EPS on more than $4.1 billion in revenue, compared with the EPS of $12.91 on just under $4.1 billion in revenue that analysts anticipated, per Visible Alpha.

Crocs Sees Revenue Growth This Year, Improvement at Heydude

The company expects revenue to slip in the current quarter, but to grow 2% to 2.5% year-over-year for all of 2025. This forecast factors in the potential for unfavorable currency exchange rates and tariffs, CEO Andrew Rees said.

“Our fourth-quarter performance exceeded expectations across all metrics,” Rees said in a press release Thursday. “For 2025, we are expecting another year of revenue growth, led by mid-single-digit growth in the Crocs brand.”

The CEO also said the company is “pleased by the early signs of progress we made for [shoe brand] Heydude during the fourth quarter” and is taking a “prudent” approach toward 2025 guidance for the “reigniting” brand. Crocs’ third-quarter earnings beat reported in late October was overshadowed by sales weakness from the Heydude brand.

Shares of Crocs are off about 2% over the past 12 months.