Finance2 sources
Crocs Raises Full-Year Outlook Amid Overseas Growth and Profit Improvement
- Crocs raised its full-year outlook for the third consecutive time.
- Third-quarter revenue rose 4.6% due to overseas growth and HEYDUDE's return to growth.
- Adjusted operating income grew 11.7%, outpacing sales growth.
- A one-time tariff refund and a smaller share count contributed to stronger headline earnings.
- Crocs stock spiked 23% following the announcement.