Crocs Inc. reported fourth-quarter earnings that surpassed Wall Street expectations, with adjusted earnings per share reaching $2.52 against the consensus estimate of $2.26. The company's revenue for the quarter was $990 million, exceeding the anticipated $961 million. This performance was driven by a 3.1% year-over-year increase in sales, with the Crocs brand specifically growing by 4% and Heydude revenue remaining flat but outperforming expectations. Direct-to-consumer (DTC) sales grew by 5.5%, while wholesale revenues saw a slight increase of 0.7%. The company also noted accelerated growth in China and strong performance in North America. Crocs announced an increase in its share buyback program by $1 billion. For the first quarter of 2025, Crocs provided guidance with adjusted EPS expected to be between $2.38 and $2.52, and revenue projected to decline by 3.5% year-over-year. For the full year 2025, the company anticipates adjusted EPS to range from $12.70 to $13.15, with revenue growth expected between 2% and 2.5%. The adjusted operating margin is expected to be 24%, and the adjusted gross margin for the quarter was 57.9%. Net income for the quarter was $368.91 million. The company's shares surged more than 16% in premarket trading following the earnings release.