Crocs Stock Tumbles as Heydude Sales Weakness Persists [Yahoo! Finance]
Crocs, Inc. (CROX)
Last crocs, inc. earnings: 4/23 07:00 am
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US:NASDAQ Investor Relations:
investors.crocs.com/investor-overview
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Source: Yahoo! Finance
The footwear maker's earnings posted Tuesday beat estimates for the third quarter, but the company also lowered projections for the full year. Sales of the Heydude brand for the full year are seen dropping 14.5% year-over-year, a much larger decline than Crocs' previously forecast 8% to 10% fall. Shares of Crocs, Inc. ( CROX ) fell more than 18% Tuesday after the company's third-quarter earnings beat was overshadowed by sales weakness from its smaller Heydude brand. The footwear company reported $1.06 billion in revenue , narrowly above estimates compiled by Visible Alpha, while profit of $199.8 million also beat estimates of $187.3 million. Investor concerns seemed to stem from sales of Heydude shoes —a company Crocs acquired in 2022. Heydude's revenue fell short of estimates at $204 million, and the company also updated full-year projections, expecting Heydude sales to fall by a larger margin than previously reported. Chief Executive Officer (CEO) Andrew Rees said Crocs h
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CROX
News
- Crocs, Inc. (NASDAQ: CROX) was downgraded by analysts at Loop Capital from a "buy" rating to a "hold" rating. They now have a $110.00 price target on the stock, down previously from $150.00.MarketBeat
- Crocs, Inc. (CROX): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Is Croc's (CROX) an Attractively Valued Stock? [Yahoo! Finance]Yahoo! Finance
- Why Crocs (CROX) is a Top Value Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Crocs, Inc. (NASDAQ: CROX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
CROX
Earnings
- 10/29/24 - Beat
CROX
Sec Filings
- 11/14/24 - Form 4
- 11/12/24 - Form SC
- 10/30/24 - Form 4
- CROX's page on the SEC website