NASDAQ$CROX
Crocs Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported better-than-expected results and adjusted full year 2024 outlook.
Crocs, Inc. reported strong Q3 2024 results, exceeding enterprise guidance on sales and profitability. The Crocs Brand was a key driver, fueled by international and direct-to-consumer growth. However, the HEYDUDE Brand's performance was weaker than expected, leading to a reset of the full-year outlook for that brand.
- Third Quarter Diluted EPS Up 17% to $3.36 and Adjusted Diluted EPS Up 11% to $3.60
- Third Quarter Revenues Increased 2% to $1.06 Billion
- Third Quarter Crocs Brand Grew 8% Constant Currency Fueled By Balanced Channel Growth
- Company repaid $110 million of debt and repurchased approximately 1.1 million shares for $151 million
Headline financials
Revenue & EPS history
Crocs · Revenue · Quarterly
$1.06B
Revenue by segment
Crocs · $247M total across 1 segment · Q3 2023
- HEYDUDE Brand$247M-8.4%100.0%
Forward guidance
For Q4 2024, Crocs, Inc. anticipates revenues to be flat to slightly up compared to Q4 2023, with the Crocs Brand growing approximately 2% and the HEYDUDE Brand declining by 6% to 4%. The adjusted operating margin is expected to be around 19.5%, and adjusted diluted earnings per share are projected to be $2.20 to $2.28.
Tailwinds
- Revenues to be flat to up slightly compared to fourth quarter 2023
- Crocs Brand to grow approximately 2% compared to fourth quarter 2023
- Adjusted operating margin of approximately 19.5%
- Adjusted diluted earnings per share of $2.20 to $2.28
- Revenue growth of approximately 3% compared to 2023
Headwinds
- HEYDUDE Brand to be down 6% to 4% compared to fourth quarter 2023
- Revenues for the HEYDUDE Brand to be down approximately 14.5%
- Adjusted operating margin of more than 25%
- Combined GAAP tax rate of approximately 21% and non-GAAP effective tax rate of approximately 16%
- Adjusted diluted earnings per share of $12.82 to $12.90
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 Q3 2024
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro