Crocs pulls guidance amid tariff uncertainty, Q1 earnings beat

Senad Karaahmetovic

Thu, May 8, 2025, 4:37 AM 1 min read

Investing.com -- Crocs Inc (NASDAQ:CROX) reported better-than-expected archetypal 4th net and gross connected Wednesday, but withdrew its full-year 2025 guidance owed to macroeconomic uncertainties related to planetary commercialized policies.

The casual footwear shaper posted adjusted net per stock of $3.00, surpassing expert estimates of $2.49. Revenue came successful astatine $937 million, exceeding the statement forecast of $907.9 cardinal and up 1.4% YoY connected a changeless currency basis.

Despite the net beat, Crocs shares edged up conscionable 0.5% pursuing the study arsenic investors digested the withdrawn guidance.

"While we are pleased by the show of our wide concern successful April, the caller planetary commercialized situation arsenic good arsenic concern and user uncertainty, has made it challenging to foretell however consumers whitethorn respond successful the future," said CEO Andrew Rees successful a statement.

Gross borderline improved to 57.8% from 56.0% successful the year-ago quarter. Direct-to-consumer gross grew 3.5% connected a changeless currency basis, portion wholesale gross was flat.

The institution repurchased astir 0.6 cardinal shares for $61 cardinal during the 4th astatine an mean terms of $100.23 per share.

Rees added, "We person a proven way grounds of coming retired of periods of uncertainty stronger than erstwhile we entered them. I judge the existent world presents an accidental to summation marketplace share, arsenic we absorption connected what we tin power and thin into our clear, competitory advantages."

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