Crocs expects to reach $5B in sales by 2026

BROOMFIELD — Crocs Inc. (Nasdaq: CROX) saw its stock snap upward in earlier trading Thursday as the company posted higher than anticipated revenue and earnings figures, increased its full-year guidance and declared that the brand will reach the $5 billion mark in sales by 2026.

Revenues were $985.1 million in the most-recent period, an increase of 57.4% from the third quarter of 2021.

Income from operations were up 30% year over year at $264.1 million, and adjusted diluted earnings per share increased 20.2% to $2.97 compared to $2.47 in 2021.

“Our exceptional third quarter results, including record revenue and industry-leading adjusted operating margin…