Crocs Surpasses Q3 Profit Expectations Despite Revenue Decline, Raises Q4 Guidance

Crocs (CROX) reported Q3 profit of $2.92 per share, exceeding expectations despite a 6% revenue decline. International sales increased by 5.8%. The company set its Q4 profit guidance 7% above previous expectations, boosting premarket share prices. Strong financial performance, with a 23.6% three-year revenue growth rate and robust gross margin of 59.36%.