Crocs (CROX) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 12, 2026 astatine 9:36 AM CST 44 min read

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Thursday, Feb. 12, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — Andrew Rees

• Executive Vice President & Chief Financial Officer — Patraic Reagan

Andrew Rees: Thank you, Erinn, and bully morning, everyone. Thank you for joining america today. 2025 ended connected a beardown note, arsenic we reported a amended than expected vacation play fueled by caller products and authentic user connections. Our almighty worth instauration exemplary drove beardown escaped currency flow, which we returned to shareholders successful the signifier of repurchases and indebtedness wage down. We proceed to put thoughtfully and strategically down our brands successful enactment of gathering an adjacent stronger instauration to substance semipermanent profitable growth. For the afloat twelvemonth of 2025, we delivered gross of implicit $4,000,000,000 with astir $3,300,000,000 from the Crocs brand, and $715,000,000 from HeyDude. Crocs marque grew for the eighth consecutive year.

International revenues, comprising astir fractional of our Crocs marque sales, grew treble digits. Direct-to-consumer was implicit fractional of our endeavor gross and grew faster than our wholesale business. Strong escaped currency travel procreation of $659,000,000 enabled america to wage down $128,000,000 successful indebtedness and bargain backmost astir 6,500,000 shares for $577,000,000, representing astir 10% of our shares outstanding. Before going further into 2025 highlights, I would similar to commencement by taking a infinitesimal to bespeak connected a milestone we precocious achieved. Earlier this week, connected February 8, we surpassed the 20-year people arsenic a nationalist company. Since our IPO, we person established ourselves arsenic a satellite person successful innovative casual footwear for all.

In summation to creating 1 of the top and astir recognizable icons of our time, the Classic Clog, we person built a almighty and defensible concern exemplary that is progressively diversified crossed brands, products, channels, and geographies with organisation successful implicit 85 countries. We person emerged arsenic a disruptor successful societal and integer selling and commerce portion gathering beardown communities of loyal marque fans. In the past 20 years, we person relentlessly served our consumers, selling astir 1,500,000,000 pairs of shoes portion delivering 14% income maturation connected a compound yearly maturation basis.

Our precocious margins and currency travel procreation springiness america large flexibility to proceed to put successful and turn our business, portion returning a sizeable magnitude of currency to shareholders. Since our IPO, Crocs shares person generated a full shareholder instrumentality successful excess of 700%, astir 2 times that of the S&P 500 implicit the aforesaid period. While I americium exceptionally arrogant of these accomplishments and the mode we person consistently amusement up for our consumers, I americium adjacent much energized for what I judge lies up for our company.