The US-based casual footwear company Crocs announced a 6.2% decrease in revenue for the third fiscal quarter (Q3) concluding on September 30. Robust international sales figures and growth in its Direct-to-Consumer (DTC) channel were insufficient to counterbalance softness in its Heydude label and wholesale distribution channels.
Crocs brand revenue declined by 3%, and Heydude brand revenue decreased by 22%. Credit: Bloomberg/Gettyimages.co.uk
Crocs declared total consolidated revenues of $996m in Q3, contrasting with $836m in 2024, with DTC increasing by 1.6% yet wholesale decreasing by 14.7%.
Operating profit experienced a 23% drop to $208m from $270m, while adjusted diluted earnings per share diminished by 18.9% to $2.92.
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Crocs communicated a net income deficit of $145m in comparison to $199m during the equivalent period of the prior year, coupled with a gross profit reduction to $583m from $633m.