Crocs Stock Jumps 26% After Raising Full-Year 2026 Outlook on Strong Third Quarter

Crocs, Inc. (Nasdaq: CROX) shares rose 25.5% on Thursday, Oct. 29, 2026, closing at $150.26 from a previous close of $119.69, on heavy trading of about 4.8 times normal volume. The S&P 500 ETF (SPY) fell 0.38% over the same session.

The company's 8-K furnished a press release reporting third-quarter 2026 results and a raised full-year outlook. Crocs said it now expects 2026 revenue to rise about 3%, up from its previous guidance of 1% to 2%, and adjusted diluted earnings per share of $14.45 to $14.65, up from $13.70 to $14.00.

Third-quarter figures

Consolidated third-quarter revenue was $1,043 million, up 4.6%. Gross margin was 66.2%, compared with 58.5% a year earlier, but that GAAP figure includes a non-recurring $64.1 million benefit from IEEPA tariff refunds. Adjusted gross margin rose 180 basis points to 60.3%. Adjusted diluted earnings per share were $3.69, up 26.4% from $2.92.

HEYDUDE returns to growth

HEYDUDE revenue rose 6.1% to $170 million, which the company called its return to growth after an earlier commitment. Crocs Brand revenue rose 4.4% to $873 million, with international revenue up 11.8%, while North America fell 2.1%.

Buybacks and debt

Crocs repurchased about 2.0 million shares for $250.0 million in the quarter at an average price of $123.32 and repaid $21 million of debt. About $1.7 billion of repurchase authorization remained at quarter-end. Cash and cash equivalents were $163 million at Sept. 30, 2026.

The company also filed a 10-Q later the same day. The filings did not include an analyst reaction or a specific explanation for the size of the share move.