Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Crocs (NASDAQ: CROX) and its peers.
Before the advent of the internet, styles changed, but consumers mainly bought shoes by visiting local brick-and-mortar shoe, department, and specialty stores. Today, not only do styles change more frequently as fads travel through social media and the internet but consumers are also shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some footwear companies have made concerted efforts to adapt while those who are slower to move may fall behind.
The 8 footwear stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 2% while next quarter’s revenue guidance was in line.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 20.3% since the latest earnings results.
Crocs (NASDAQ: CROX)
Founded in 2002, Crocs (NASDAQ: CROX) sells casual footwear and is known for its iconic clog shoe.
Crocs reported revenues of $989.8 million, up 3.1% year on year. This print exceeded analysts’ expectations by 2.8%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ constant currency revenue estimates and a decent beat of analysts’ EPS estimates.
"We delivered another record year for Crocs, Inc. highlighted by revenue growth of 4% to $4.1 billion and adjusted earnings-per-share growth of 9%. We generated exceptional operating cash flow of approximately $990 million, which enabled us to return value to shareholders through more than $550 million in share repurchases, while fortifying our balance sheet through the pay down of approximately $320 million of debt," said Andrew Rees, Chief Executive Officer.
The stock is up 18.6% since reporting and currently trades at $105.30.
Is now the time to buy Crocs? Access our full analysis of the earnings results here, it’s free.
Best Q4: Nike (NYSE: NKE)
Originally selling Japanese Onitsuka Tiger sneakers as Blue Ribbon Sports, Nike (NYSE: NKE) is a global titan in athletic footwear, apparel, equipment, and accessories.
Nike reported revenues of $11.27 billion, down 9.3% year on year, outperforming analysts’ expectations by 2.3%. The business had a stunning quarter with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 12.6% since reporting. It currently trades at $62.81.
Is now the time to buy Nike? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: Genesco (NYSE: GCO)
Spanning a broad range of styles, brands, and prices, Genesco (NYSE: GCO) sells footwear, apparel, and accessories through multiple brands and banners.
Genesco reported revenues of $745.9 million, flat year on year, falling short of analysts’ expectations by 5%. It was a softer quarter as it posted adjusted operating income in line with analysts’ estimates.
Genesco delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 36.7% since the results and currently trades at $20.56.
Read our full analysis of Genesco’s results here.
Steven Madden (NASDAQ: SHOO)
As seen in the infamous Wolf of Wall Street movie, Steven Madden (NASDAQ: SHOO) is a fashion brand famous for its trendy and innovative footwear, appealing to a young and style-conscious audience.
Steven Madden reported revenues of $582.3 million, up 12% year on year. This result topped analysts’ expectations by 5.7%. Zooming out, it was a slower quarter as it produced full-year EPS guidance missing analysts’ expectations.
The stock is down 30.1% since reporting and currently trades at $26.49.
Read our full, actionable report on Steven Madden here, it’s free.
Deckers (NYSE: DECK)
Established in 1973, Deckers (NYSE: DECK) is a footwear and apparel conglomerate with a portfolio of lifestyle and performance brands.
Deckers reported revenues of $1.83 billion, up 17.1% year on year. This print beat analysts’ expectations by 5.5%. Overall, it was a strong quarter as it also logged a solid beat of analysts’ constant currency revenue estimates and an impressive beat of analysts’ EPS estimates.
Deckers delivered the fastest revenue growth and highest full-year guidance raise among its peers. The stock is down 50.2% since reporting and currently trades at $110.82.
Read our full, actionable report on Deckers here, it’s free.
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