Crocs, Inc.

Recurring demand for comfort clogs and sandals provides a base, but the business is not a tollbooth. Management withdrew full‑year 2025 guidance and called out uncertainty around global trade and consumer spending; Q3 2025 revenue was guided down 9 to 11 percent. HEYDUDE volatility, North America softness, and tariffs add variability.

Long‑term, international growth and category expansion support mid‑single digit organic potential, but near‑term visibility is mixed.