Crocs reports Q3 adjusted EPS $3.25, consensus $3.10

Reports Q3 revenue $1.05B, consensus $1.03B. “We delivered a strong third quarter, exceeding the high-end of our guidance, led by double-digit revenue growth in our Crocs Brand supported by healthy full-price selling and industry-leading operating margins,” said Andrew Rees, Chief Executive Officer. “Both our brands gained share during the back-to-school season. During the quarter, we took decisive action around HEYDUDE to accelerate our marketplace management strategy to ensure long-term brand health. As such, we are adjusting our full-year outlook to reflect this shift.”