### At a GlanceCrocs Inc. reported Q2 2026 results that exceeded expectations, which management attributed to broad consumer demand and strategic execution across its two brands, leading to an upward revision of full-year revenue and earnings guidance.

Second-quarter total company revenue reached a record $1.2 billion, up 2% year-over-year; Crocs brand revenue surpassed $1 billion for the first time in a single quarter, up 4% year-over-year; adjusted earnings per share came in at $4.55, up 8% year-over-year and above the prior guidance range.

Crocs brand international revenue grew 7%, while North America returned to modest growth, with the sandal category emerging as a key growth driver; the global sandal business has reached an annualized scale of $500 million. HEYDUDE brand revenue declined 6% year-over-year, but DTC channel revenue grew 7%, and management expressed confidence in a return to growth in the second half of the year. The company announced a new $1.5 billion share repurchase authorization.

Management raised full-year guidance: total company revenue is now expected to grow 1%-2% year-over-year (previously flat to up 1%), Crocs brand revenue growth of 2%-3% (previously flat to up 2%), HEYDUDE brand revenue decline narrowing to 2%-4% (previously down 5%-7%), and adjusted EPS guidance raised to $13.70-$14.00 (previously $13.20-$13.75).

Management noted that a revenue recognition change related to the partnership model with a large marketplace platform will affect the allocation of Crocs North America DTC and wholesale channel revenue starting in Q3, but stated that this will not impact actual unit sales or market share, and will have a slightly positive effect on operating profit.