Crocs has reported third-quarter (Q3) 2025 revenues of $996 million, down 6.2 per cent 12 months on 12 months (YoY), or 6.8 per cent on a continuing foreign money foundation, for the interval ended September 30, 2025.
Crocs’ Q3 2025 revenue fell 6.2 per cent to $996 million, pushed by weaker wholesale and HeyDude brand gross sales.
Operating revenue and EPS each declined, although DTC revenue rose modestly.
The firm continued share buybacks and debt compensation.
For This fall 2025, Crocs expects an 8 per cent revenue drop, led by HeyDude’s slowdown, with adjusted EPS projected between $1.82 and $1.92.
Direct-to-consumer (DTC) revenues grew 1.6 per cent, whereas wholesale fell sharply by 14.7 per cent. Gross margin slipped 110 foundation factors to 58.5 per cent, whereas promoting, normal, and administrative bills (SG&A) prices rose 3.3 per cent to $375 million, accounting for 37.7 per cent of revenues.
Operating earnings fell 23 per cent to $208 million, bringing the working margin to twenty.8 per cent from 25.4 per cent. Diluted earnings per share stood at $2.70, down 19.6 per cent, with adjusted diluted EPS dropping 18.9 per cent to $2.92, the corporate mentioned in a monetary launch.
The Crocs brand’s revenues slipped 2.5 per cent to $836 million, with DTC gross sales up 2 per cent and wholesale down 7.9 per cent. Regionally, North America declined 8.8 per cent, whereas worldwide markets rose 5.8 per cent.
The HeyDude brand recorded a deeper fall, with revenues plunging 21.6 per cent to $160 million. DTC dipped barely by 0.5 per cent, however wholesale collapsed by 38.6 per cent.
As of September 30, 2025, Crocs held $154 million in money, with inventories as much as $397 million. Total borrowings fell to $1.318 billion from $1.422 billion a 12 months earlier, whereas capital expenditures had been $45 million.
For This fall 2025, Crocs expects general revenues to say no round 8 per cent YoY, with the Crocs brand down roughly 3 per cent and HeyDude down mid-20 per cent. Adjusted working margin is projected at about 15.5 per cent, with an adjusted efficient tax charge of 16 per cent. Adjusted diluted EPS is anticipated between $1.82 and $1.92, excluding any future share repurchases. Full-year capital expenditures are forecast between $70 million and $75 million.
Fibre2Fashion News Desk (HU)