09:59 AM EST, 02/13/2025 (MT Newswires) -- (Updates with additional details in the sixth paragraph and the latest stock movement in the last paragraph.)

Crocs ( CROX ) reported Q4 adjusted earnings Thursday of $2.52 per diluted share, down from $2.58 a year earlier.

Analysts polled by FactSet expected $2.26.

Revenue for the quarter was $989.8 million, up from $960.1 million a year earlier.

Analysts surveyed by FactSet expected $961.6 million.

For Q1, the footwear retailer expects adjusted EPS of $2.38 to $2.52 on a 3.5% year-over-year decrease in revenue. Analysts polled by FactSet expect non-GAAP EPS of $2.65 on revenue of $928.1 million.

For 2025, the company expects adjusted EPS of $12.70 to $13.15 on a revenue increase of 2% to 2.5%. Analysts polled by FactSet expect non-GAAP EPS of $12.58 on revenue of $4.16 billion.

The company said its board approved an additional $1 billion for its share repurchase program, increasing the total available amount for stock repurchases to $1.3 billion.

Shares of the company were up more than 18% in recent trading.

Price: 103.94, Change: +15.11, Percent Change: +17.01