The footwear company lifted full-year forecasts as Crocs brand sales topped $1 billion for the first time despite tariff pressures.
Crocs posted record second-quarter revenue of $1.2 billion, a 2% year-over-year increase on a constant-currency basis. Growth in direct-to-consumer and international sales offset a 6% decline at HEYDUDE and planned wholesale reductions.
The company raised its 2026 revenue and adjusted earnings per share guidance, though tariffs cut adjusted gross margin by 170 basis points. Inventory fell 4% year over year, while HEYDUDE’s gross margin dropped sharply.
Crocs also expanded shareholder returns, repurchasing $251 million in stock and authorizing an additional $1.5 billion buyback, bringing total authorization to $2 billion.