Quarterly ResultJul 30, 2026, 07:06 AM
Crocs Q2 Revenue $1.18B, EPS $4.13; $1.5B Buyback Increase
AI Summary
Crocs, Inc. reported strong second quarter 2026 financial results, with consolidated revenues increasing 2.6% to $1.18 billion and diluted EPS reaching $4.13. The Crocs Brand achieved a significant milestone, surpassing $1 billion in quarterly revenue for the first time. Following these results, the company raised its full-year 2026 outlook for both revenue and adjusted diluted earnings per share. Additionally, the Board of Directors authorized a $1.5 billion increase to the existing common stock repurchase program, bringing the total available authorization to approximately $2.0 billion.
Key Highlights
- Board authorized a $1.5 billion increase to the common stock repurchase authorization, bringing the total available to approximately $2.0 billion.
- Consolidated revenues increased 2.6% to $1,179 million for Q2 2026.
- Crocs Brand revenues increased 4.3% to $1.0 billion, surpassing $1 billion quarterly for the first time.
- Diluted earnings per share were $4.13, compared to a loss of $8.82 in the prior year.
- Adjusted diluted earnings per share increased 7.6% to $4.55.
- Full-year 2026 revenue outlook raised to approximately 1% to 2% growth.
- Full-year 2026 adjusted diluted EPS guidance raised to $13.70 to $14.00.
- Repaid $31 million of debt and repurchased 2.3 million shares for $251 million during the quarter.
Price Impact
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