Footwear maker Crocs (NASDAQ: CROX) saw its stock surge 22% after crushing fourth-quarter earnings estimates. Shares remained 19.4% higher later in the day.

Revenue may have dropped in 2025, but Crocs’ solid cash flow allowed for a 10% reduction in shares and payment of $128 million in debt. The company repurchased $180 million in shares in Q4.

Crocs beat analyst estimates for earnings and revenue. Forward guidance for 2026 is impressive, with expected adjusted earnings per share of $12.88 to $13.55, above analysts’ $11.89 prediction.

Investors are responding positively to Crocs’ strong end-of-year performance and optimistic outlook for 2026.

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Read more at Yahoo Finance: Why Crocs Stock Jumped 20% Thursday Morning