Crocs — Feb 12, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001334036-26-000004
Showing in the filing
Revenues
“down approximately 1% to up slightly compared to full-year 2025”
Period
FY2026
Measure
GAAP-tied
Source
Prose
All guidance in this release · 21
Cost savings for FY2026
“$100 million”
Revenues for Q1 FY2026
“down approximately 5.5% to 3.5%”
Crocs Brand revenues for Q1 FY2026
“down approximately low-single-digits to the first quarter of 2025”
HEYDUDE Brand revenues for Q1 FY2026
“down approximately 18% to 15% to the first quarter of 2025”
HEYDUDE Brand for Q1 FY2026
“down approximately 18% to 15%”
Adjusted operating margin for Q1 FY2026
“approximately 21.5%”
Adjusted diluted earnings per share for Q1 FY2026
“$2.67 to $2.77”
Revenues for FY2026
“down approximately 1% to up slightly compared to full-year 2025”
Crocs Brand revenues for FY2026
“approximately flat to up 2% compared to full-year 2025”
Crocs Brand for FY2026
“approximately flat to up 2%”
HEYDUDE Brand revenues for FY2026
“down approximately 9% to 7% compared to full-year 2025”
HEYDUDE Brand for FY2026
“down approximately 9% to 7%”
Non-GAAP adjustments for FY2026
“approximately $25 million”
Adjusted operating margin for FY2026
“expand modestly from 22.3%”
GAAP effective tax rate for FY2026
“approximately 23%”
Capital expenditures for FY2026
“$70 million to $80 million”
GAAP operating margin for FY2026
“>21.7%”
Non-GAAP operating margin for FY2026
“>22.3%”
Non-GAAP effective tax rate for FY2026
“18%”
GAAP diluted earnings per share for FY2026
“$11.71 to $12.18”
Non-GAAP diluted earnings per share for FY2026
“$12.88 to $13.35”
Exhibit 99.1 · the passage around this item
… earlier in the release
◦ HEYDUDE Brand to be down approximately 18% to 15% to the first quarter of 2025. • Adjusted operating margin to be approximately 21.5%. • Adjusted diluted earnings per share to be in the range of $2.67 to $2.77. Full-Year 2026 For 2026, we expect: • Revenues to be down approximately 1% to up slightly compared to full-year 2025, at currency rates as of February 9, 2026. ◦ Crocs Brand to be approximately flat to up 2% compared to full-year 2025. ◦ HEYDUDE Brand to be down approximately 9% to 7% compared to full-year 2025. • Non-GAAP adjustments to be approximately $25 million primarily associated with supply chain optimization and other cost savings efficiencies. • Adjusted operating margin to expand modestly from 22.3%. • GAAP effective tax rate to be approximately 23% and adjusted effective tax rate to be approximately 18%. • Adjusted diluted earnings per share to be in the range of $12.88 to $13.35. Adjusted diluted earnings per share guidance does not assume any impact from potential future share repurchases. • Capital expenditures of $70 million to $80 million. Conference Call Information A conference call to discuss fourth quarter and full-year results is scheduled for today, Thursday, February 12, 2026, at 8:30 am ET. To receive conference call details, please register at the Investor Relations section of the Crocs website, investors.crocs.com. The webcast will also be available live and on replay through February 12, 2027, at this site. About Crocs, Inc.: Crocs, Inc. (Nasdaq: CROX), headquartered
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.