Stock Markets April 21, 2026 06:16 AM

Truist: Crocs' TikTok Shop GMV Climbs 50% Week-Over-Week on Demand for Women's Sandals

Weekly estimated gross merchandise value rises to roughly $2.2 million, though remains under levels seen several weeks earlier

By Leila Farooq CROX VFC UAA GAP RL
Truist: Crocs' TikTok Shop GMV Climbs 50% Week-Over-Week on Demand for Women's Sandals
CROX VFC UAA GAP RL

Truist Securities' proprietary tracking shows Crocs' estimated weekly gross merchandise value (GMV) on TikTok Shop increased about 50% from the prior week to an estimated $2.2 million, a rise led by women’s sandals. The figure is derived from changes in units sold and weighted average selling prices across the brand's top listings on the platform and sits below a recent high range of $2.5 million to $2.75 million.

Key Points

  • Truist estimates Crocs' weekly TikTok Shop GMV rose about 50% week-over-week to roughly $2.2 million, led by demand for women’s sandals.
  • The $2.2 million estimate is below a recent high range of $2.5 million to $2.75 million recorded several weeks earlier.
  • Truist tracks weekly TikTok Shop sales and broader TikTok activity for multiple consumer brands, and uses two distinct calculation methods based on SKU-level changes and weighted average selling prices.

Summary

Truist Securities estimates Crocs' weekly gross merchandise value (GMV) on TikTok Shop rose roughly 50% from the previous week to about $2.2 million, with the strongest acceleration appearing in women’s sandals.


Truist's estimate is calculated using changes in the number of products sold on Crocs' TikTok Shop from one week to the next, multiplied by a weighted average selling price drawn from the company's top 120 stock keeping units (SKUs) on the platform. That methodology produced the $2.2 million figure reported for the most recent week.

While the week-over-week gain is notable, Truist's $2.2 million estimate remains below a range the firm recorded several weeks earlier, when estimated weekly GMV for Crocs was between $2.5 million and $2.75 million.

Individual SKU-level data reviewed by Truist identified women's sandals as the category with the most pronounced week-over-week acceleration in sales.

Truist monitors weekly sales for a set of brands selling on TikTok Shop in addition to Crocs. The list of tracked names includes Vans and Timberland, which are owned by VF Corp (NYSE: VFC); Under Armour (NYSE: UAA); Gap (NYSE: GAP); Ralph Lauren (NYSE: RL); Ulta Beauty (NYSE: ULTA); and SharkNinja (NYSE: SN).

Beyond individual-brand sales, Truist also tracks TikTok activity more broadly. The firm monitors total global TikTok posts and views for more than 300 hashtags on a weekly basis, with tracking that dates back to December 2024 and February 2025 for different measures.

Truist employs two approaches to estimate weekly GMV. One method multiplies the week-over-week change in sales for SKUs that appear in consecutive weekly listings by their sales price. The other method applies the week-over-week change in total shop sales for the brand multiplied by a weighted average selling price derived from the top 120 SKUs.

The two-method framework and the focus on top SKUs are central to how Truist derives its weekly GMV estimates for Crocs and the other brands it follows on TikTok Shop.

Risks

  • The $2.2 million estimate is below a prior range of $2.5 million to $2.75 million, indicating variability in weekly GMV - this affects retail and social commerce observers.
  • Estimates rely on changes in listed SKUs and weighted average selling prices from the top 120 SKUs, so the results depend on that SKU sample and listing continuity - a methodological limitation for e-commerce measurement.
  • Truist's tracking and the resulting GMV figures hinge on week-over-week comparisons and the firm's hashtag/posts view monitoring; variations in tracking windows or SKU visibility could lead to different weekly estimates - a source of uncertainty for investors and analysts covering consumer brands.

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