Crocs Inc. reported first-quarter 2025 earnings that surpassed analyst expectations despite ongoing macroeconomic uncertainties related to global trade policies. The company posted consolidated revenues of $937 million, reflecting a 1.4% increase on a constant currency basis compared to the previous year. Direct-to-consumer revenues grew 2.3% (3.5% on a constant currency basis), while wholesale revenues contracted by 1.6%, remaining roughly flat on a constant currency basis. Adjusted earnings per share stood at $3.00, exceeding the estimated $2.49. Crocs brand revenues increased 4% to $762 million, supported by double-digit growth in international markets and strong performance in North America. Inventories remained stable year-over-year at $391 million. However, due to uncertainties stemming from global trade policies, Crocs withdrew its full-year 2025 financial outlook and did not provide updated guidance at this time.