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Crocs Q3 sales dip as Heydude struggles, wholesale demand softens

Crocs posted consolidated revenues of 996minQ3comparedto996m in Q3 compared to 836m in 2024, with DTC up 1.6% but wholesale down 14.7%. Operating income fell 23% to 208mfrom208m from 270m, while adjusted diluted earnings per share dropped 18.9% to 2.92.Crocsreportedanetincomelossof2.92. Crocs reported a net income loss of 145m compared to 199minthesameperiodlastyearandadecreaseingrossprofitto199m in the same period last year and a decrease in gross profit to 583m from 633m.Despitelowerrevenues,Crocscontinuedtogeneratestrongcashflow,allowingittorepurchase2.4msharesworth633m. Despite lower revenues, Crocs continued to generate strong cash flow, allowing it to repurchase 2.4m shares worth 203m and reduce deb ...