Key facts
- Crocs raised its full-year revenue growth forecast for 2026 to about 3% from 1% to 2%.
- HEYDUDE's turnaround gained traction with faster-than-expected orders from retailers, boosting wholesale revenue by 14%.
- Crocs' stock reached $151.82, its highest level in two years.
Crocs Inc. shares surged approximately 27% on Thursday, reaching a two-year high of $151.82, after the company boosted its full-year financial forecasts. The positive outlook was driven by a strong recovery in its HEYDUDE brand, which saw wholesale revenue climb 14% due to faster-than-expected retailer orders, and steady demand for its namesake clogs. This performance stands in contrast to the broader footwear industry, which faces challenges from uneven consumer spending and high costs. Crocs anticipates 2026 revenue growth of about 3%, an increase from its previous projection of 1% to 2%.