Crocs recently released its financial report for the fourth quarter and full year of fiscal 2025, and also announced its performance guidance for the first quarter and full year of fiscal 2026.

The latest financial report shows that, driven by strong demand for its flagship product, clogs, the brand's fourth-quarter revenue increased by 9.3% year-on-year to $1.12 billion, with total annual revenue surpassing the $5 billion mark. CEO Andrew Rees revealed during the earnings call that the company will accelerate its digital channel expansion in 2026, planning to add 200 new smart retail stores worldwide. Notably, the transformation strategy of the company's high-end brand HEYDUDE has begun to show results, with the brand's gross margin increasing by 4.2 percentage points quarter-on-quarter in the fourth quarter. For the first quarter of 2026, management expects revenue to achieve mid-single-digit growth, with the full-year revenue target set in the $5.4–5.6 billion range. With increased investment in sustainable material research and development, the company plans to achieve a 50% usage rate of renewable materials in its classic clogs by the end of 2026.