Crocs (CROX) shares shot up more than 20% Thursday after the shoe company beat earnings estimates and projected that revenue growth would keep pace this year.

Crocs on Thursday reported revenue for the fourth quarter that exceeded Wall Street's expectations, and a record $4.1 billion in revenue for the full year. For the fourth quarter, the company made $6.36 in diluted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) on $989.8 million in revenue—well above the澳洲幸运5开奖号码历史查询: analyst consensus estimate of 🎶$2.27🐬 EPS on $962.6 million in revenue provided by Visible Alpha.

Results for the full year came in closer to expectations. Crocs reported $15.88 in diluted EPS on more than $4.1 billion in revenue, compared with the EPS of $12.91 on just under $4.1 billion inꦓ revenue that analysts🧜 anticipated, per Visible Alpha.

Crocs Sees Rev🌄𒈔enue Growth This Year, Improvement at Heydude

The company expects revenue to slip in the current quarter, but to grow 2% to 2.5% 澳洲幸运5开奖号码历史查询:year-over-year for all of 2025. This forecast factors in the potential for unfavorable 澳洲幸运5开奖号码历史查询:currency exchange rates and tariffs, CEO Andrew Rees said.

"Our fourth-quarter performance exceeded expectations across all metrics,” Rees said in a press release Thursday. “For 2025, we are expecting another year of revenue growth, led by mid-single-digit growth in the Crocs brand.”

The CEO also said the company is "pleased by the early signs of progress we made for [shoe brand] Heydude during the fourth quarter" and is taking a "prudent" approach toward 2025 guidance for the "reigniting" brand. Crocs' third-quarter 澳洲幸运5开奖号码历史查询:earnings bඣeat reported in late October was overshadowed 🍎by sales weakness from the Heydude brand.

Shares of Crocs are off about 2% ove🧸r the past 12 months.