NASDAQ$CROX
Crocs Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Crocs, Inc. reported a strong first quarter with revenue growth and raised full-year guidance.
Crocs, Inc. reported a 34% increase in first-quarter revenue, driven by growth in both the Crocs and HEYDUDE brands. The company raised its full-year revenue growth outlook to 11-14%, projecting approximately $4.0 billion in revenue.
- Consolidated revenues increased by 33.9% to $884.2 million compared to 2022.
- Crocs Brand revenues grew by 19.0% to $648.8 million.
- HEYDUDE Brand revenues increased by 104.8% to $235.4 million.
- Diluted earnings per share increased by 100.8% to $2.39.
Headline financials
Revenue & EPS history
Crocs · Revenue · Quarterly
$884M
Revenue by segment
Crocs · $235M total across 1 segment · Q1 2023
- HEYDUDE Brand$235M+104.9%100.0%
Forward guidance
Crocs, Inc. provided financial outlook for the second quarter and full year 2023, including revenue growth and adjusted operating margin.
Tailwinds
- Revenues to grow approximately 6% to 9% in Q2 2023 compared to Q2 2022.
- Adjusted operating margin of approximately 26.0% for Q2 2023.
- Adjusted diluted earnings per share of $2.83 to $2.98 for Q2 2023.
- Consolidated revenue growth to now be 11% to 14% for full year 2023 compared to 2022.
- Adjusted diluted earnings per share to now be between $11.17 and $11.73 for full year 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.2%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+3.5%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+27.3%
Q3 2022
Best reaction
-23.3%
Q2 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.6% | +2.8% | +18.4% | |
| Q4 2025 | +19.0% | +20.8% | -5.8% | |
| Q3 2025 | -2.4% | -7.1% | +0.3% | |
| Q1 2025 | +9.8% | +19.4% | +0.7% | |
| Q4 2024 | +23.9% | +20.8% | +11.0% | |
| Q3 2024 | -21.0% | -23.1% | -23.5% | |
| Q2 2024 | -8.2% | -5.7% | +8.8% | |
| Q1 2024 | +6.9% | +13.1% | +17.2% | |
| Q4 2023 | +9.8% | +6.7% | +18.3% | |
| Q3 2023 | -4.0% | -3.4% | +21.9% | |
| Q2 2023 | -9.7% | -10.7% | -20.2% | |
| Q1 2023 | -16.3% | -18.7% | -27.8% | |
| Q4 2022 | +4.6% | -5.5% | -4.6% | |
| Q3 2022 | +27.3% | +23.7% | +55.1% | |
| Q2 2022 | -4.9% | -8.3% | -8.2% | |
| Q1 2022 | -15.7% | -24.9% | -15.7% | |
| Q4 2021 | -18.9% | -21.7% | -17.9% | |
| Q3 2021 | +10.2% | +13.5% | +29.1% | |
| Q2 2021 | +9.4% | +7.3% | +18.3% | |
| Q1 2021 | +16.0% | +18.0% | +20.0% | |
| Q4 2020 | -6.5% | -7.7% | -6.5% | |
| Q3 2020 | +3.2% | +0.2% | +14.8% | |
| Q2 2020 | -3.8% | -2.6% | +10.1% | |
| Q1 2020 | -7.7% | +1.8% | +14.6% | |
| Q4 2019 | -22.7% | -23.0% | -46.8% | |
| Q3 2019 | +5.0% | +7.4% | +4.7% | |
| Q2 2019 | +7.2% | +8.7% | -2.4% | |
| Q1 2019 | -13.9% | -18.0% | -32.0% | |
| Q4 2018 | -11.9% | -11.5% | -9.7% | |
| Q3 2018 | +18.3% | +23.8% | +16.6% | |
| Q2 2018 | +0.8% | +2.3% | +14.7% | |
| Q1 2018 | +3.7% | +5.6% | +22.4% | |
| Q4 2017 | -8.2% | -3.9% | +15.5% | |
| Q3 2017 | +2.5% | +9.7% | +12.0% | |
| Q2 2017 | +10.0% | +16.2% | +15.8% | |
| Q1 2017 | +11.9% | +5.0% | +15.5% | |
| Q4 2016 | +8.4% | +7.2% | +6.3% | |
| Q3 2016 | -2.8% | +8.3% | -2.6% | |
| Q2 2016 | -23.3% | -23.9% | -22.5% | |
| Q1 2016 | +23.5% | — | — | |
| Q4 2015 | -6.4% | — | — | |
| Q3 2015 | -8.0% | — | — | |
| Q2 2015 | +11.3% | — | — | |
| Q1 2015 | +8.2% | — | — | |
| Q4 2014 | +4.8% | — | — | |
| Q3 2014 | -2.2% | — | — | |
| Q2 2014 | +12.2% | — | — | |
| Q1 2014 | +1.6% | — | — | |
| Q4 2013 | +2.9% | — | — | |
| Q3 2013 | -6.7% | — | — | |
| Q2 2013 | -21.7% | — | — | |
| Q1 2013 | +5.1% | — | — | |
| Q4 2012 | +1.4% | — | — | |
| Q4 2011 | -1.0% | — | — | |
| Q3 2012 | -22.2% | — | — | |
| Q2 2012 | +16.7% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q1 2012 | -9.6% | — | — | |
| Q4 2009 | -3.9% | — | — | |
| Q3 2011 | +3.6% | — | — | |
| Q3 2010 | +3.6% | — | — | |
| Q4 2010 | -9.6% | — | — | |
| Q2 2010 | -9.6% | — | — | |
| Q2 2011 | -9.6% | — | — | |
| Q1 2010 | +0.2% | — | — |
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