Crocs (CROX) Surges 20.3% on Strong Q4 Results and Outperforming 2026 Outlook

Crocs (NASDAQ:CROX) surged 20.3% in trading on February 12, 2026, following better-than-expected fourth-quarter results and a robust 2026 earnings outlook. The company reported revenue of $957.6 million and adjusted EPS of $2.29, both exceeding estimates. It guided 2026 adjusted EPS to $12.88–$13.35, well above analyst models, despite a year-over-year revenue decline and softer Q1 guidance. Supporting context: Crocs is up 16.3% YTD but trades 15.9% below its 52-week high of $120.26 from May 2025. The stock is volatile, with 19+5% moves in the past year. The recent jump followed a similar 21% rally in early 2025 on solid Q4 2024 results, driven by strength in direct-to-consumer sales in China and North America, while HEYDUDE sales were flat and Q1 revenue guidance was expected to decline 3.5%.