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官方开奖结果体彩网:earnings per share (EPS) on $989.8 million in revenue—well above the澳洲幸运5官方开奖结果体彩网: analyst consensus estimate oꦺf $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, compaꦰred with the EPS of $12.91 on just under $4.1 billion in revenue that analysts anticipated, per Visible Alpha.

Crocs Sees Revenue Growth This Yearಌ, 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官方开奖结果体彩网:year-over-year for all of 2025. This forecast factors in the potential for unfavorable 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网:earnings beat reporte𝕴d in late October wa𒉰s overshadowed by sales weak♚ness from the Heydude brand.

Shares of Crocs 🅷are off about 2% over the past 12🔯 months.