Footwear and apparel maker Crocs, Inc. (CROX) Wednesday reported fourth-quarter net loss of $3.6 million or $0.04 per share, compared with net income of $5.6 million or $0.06 per share in the prior year.
Results for the reporting quarter included non-cash expenses of $5.9 million for contingency accruals.
Excluding items, adjusted earnings for the quarter were $3.8 million or $0.04 per share.
Revenue for the quarter increased 10.4% to $225 million from $203.7 million last year.
Analysts polled by Thomson Reuters estimated breakeven earnings per share on revenues of $219.92 million for the quarter. Analysts' estimates typically exclude special items.
Gross margin for the quarter was 47.3%, compared with 49.0% last year.
Looking ahead to the first quarter, the company expects revenue of $305 million to $310 million and earnings of $0.32 to $0.34 per share, which includes $0.02 per share of ERP implementation expense.
Analysts currently expect revenues of $308.97 million and earnings of $0.38 per share for the first quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.