Crocs (NASDAQ:CROX) delivered a strong first-quarter performance, beating Wall Street expectations on both earnings and revenue, with shares rising over 10% intra-day today.
The company reported adjusted earnings of $3.00 per share, well ahead of the $2.49 analyst forecast. Revenue climbed to $937 million, topping the $907.9 million consensus and rising 1.4% year-over-year on a constant currency basis.
Gross margin expanded to 57.8%, up from 56.0% a year earlier, reflecting improved product mix and pricing strategies. Direct-to-consumer revenue saw 3.5% growth, while wholesale remained flat compared to the prior year.
Despite the solid results, Crocs withdrew its full-year 2025 guidance, citing uncertainty surrounding global trade policy shifts and their potential impact on consumer behavior. CEO Andrew Rees acknowledged April’s strong business performance but emphasized the difficulty of forecasting demand under current conditions.
While operationally sound, the company’s decision to pause forward-looking estimates reflects a broader caution across the retail sector amid shifting economic and geopolitical dynamics.