Crocs pulls guidance amid tariff uncertainty, Q1 earnings beat

May 08, 2025 04:55 AM PDT | By Investing

Google News:

Crocs pulls guidance amid tariff uncertainty, Q1 earnings beat

Recent News

Estée Lauder (NYSE:EL) Stock Gains As Leadership Strategy NYSE Composi...

Oceaneering International Earnings Growth Shows Positive Signs for (NY...

JPMorgan (NYSE:JPM) Chase Fixed Strengthen Experience Dow Jones Indust...

Realty Strengthens (NYSE:O) Financial Position NYSE Composite

Investing.com -- Crocs Inc (NASDAQ:CROX) reported better-than-expected first quarter earnings and revenue on Wednesday, but withdrew its full-year 2025 guidance due to macroeconomic uncertainties related to global trade policies.

The casual footwear maker posted adjusted earnings per share of $3.00, surpassing analyst estimates of $2.49. Revenue came in at $937 million, exceeding the consensus forecast of $907.9 million and up 1.4% YoY on a constant currency basis.

Despite the earnings beat, Crocs shares edged up just 0.5% following the report as investors digested the withdrawn guidance.

"While we are pleased by the performance of our overall business in April, the new global trade environment as well as business and consumer uncertainty, has made it challenging to predict how consumers may respond in the future," said CEO Andrew Rees in a statement.

Gross margin improved to 57.8% from 56.0% in the year-ago quarter. Direct-to-consumer revenue grew 3.5% on a constant currency basis, while wholesale revenue was flat.

The company repurchased approximately 0.6 million shares for $61 million during the quarter at an average price of $100.23 per share.

Rees added, "We have a proven track record of coming out of periods of uncertainty stronger than when we entered them. I believe the current reality presents an opportunity to gain market share, as we focus on what we can control and lean into our clear, competitive advantages."

This article first appeared in Investing.com

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.