Crocs' Hey Dude Problem Persists in Q3 as Stock Takes Hit on Lower Guidance [Yahoo! Finance]
Crocs, Inc. (CROX)
Last crocs, inc. earnings: 4/23 07:00 am
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Source: Yahoo! Finance
Hoka Reaches $2 Billion Yearly Sales Milestone as Company Execs Focus on International Growth Shares for Crocs Inc. took a hit on Wall Street on Tuesday, dropping nearly 19 percent in mid-day trading, following the continued sales decline at the company's Hey Dude brand. According to the Broomfield, Colo.-based footwear brand, consolidated revenues in the third quarter of fiscal 2024 were $1,062 million, an increase of 1.6 percent over the same time last year. That's better-than-expected from the company's expectations laid out last quarter which projected revenues to be between down 1.5 percent and up 0.5 percent compared to the prior year. Net income in the quarter was $199.8 million, up from $177.0 million the prior year period, and diluted earnings per share were $3.36, a 17.1 percent increase from $2.87 last year. By business segment, the company reported that direct-to-consumer revenues grew 4.4 percent in Q3, while wholesale revenues contracted 1.4 percent. Crocs bra
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CROX
News
- Why Crocs (CROX) is a Top Momentum Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Crocs Slips 30% From Its 52-Week High: Will the Stock Rebound? [Yahoo! Finance]Yahoo! Finance
- Crocs, Inc. (NASDAQ: CROX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Crocs, Inc. (NASDAQ: CROX) had its "buy" rating re-affirmed by analysts at Guggenheim. They now have a $155.00 price target on the stock.MarketBeat
- Crocs, Inc. (NASDAQ: CROX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
CROX
Earnings
- 10/29/24 - Beat
CROX
Sec Filings
- 12/16/24 - Form 4
- 12/9/24 - Form 4
- 12/5/24 - Form 8-K
- CROX's page on the SEC website