BROOMFIELD — Crocs Inc. (Nasdaq: CROX) shares opened higher Thursday, as the casual-footwear company reported better-than-expected quarterly results, but the price eventually retreated, closing at $82.54, down 2% from $84.69 the prior day. The stock had been as high as $89 during the day.

The earnings report brought good news and bad news for the Broomfield-based company. Crocs’ strong cash flow enabled it to repurchase 2.4 million shares and pay down debt of $63 million. And although revenues declined 6.2% in the third quarter — to $996.3 million from $1.06 billion in the same period a year ago — the Q3 2025 number far exceeded expectations of $961.61 million.

Crocs posted net income of $145.8 million, or adjusted diluted earnings per share of $2.92, compared with net income of $199.8 m

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