Crocs shares fell after third-quarter guidance missed estimates, overshadowing second-quarter earnings and revenue beats, despite stronger full-year outlook and a $1.5 billion buyback expansion.
Crocs, Inc.
(NASDAQ:CROX) shares are trading lower premarket on Thursday after the company reported provided below-consensus third quarter guidance despite second-quarter earnings beat.
Adjusted EPS of $4.55, beat the $4.34 analyst estimate.
Revenue rose 2.6% year over year (Y/Y) and up 2.0% Y/Y on a constant currency basis to $1.179 billion which exceeded the $1.148 billion estimate.
Adjusted gross margin contracted 170 basis points Y/Y to 60.0% in the quarter.
Il Ceo Andrew Rees: i consumatori statunitensi rimangono cauti riguardo alla spesa per beni non essenziali. Inoltre, l’azienda…
Shares of Crocs shed nearly 30% Thursday after the company issued the stark warnings.
The firms says it expects revenue for the three months to the end of August to fall by about 10% compared with last year.
In a report released yesterday, Jay Sole from UBS maintained a Hold rating on Crocs, with a price target of $107.00.Claim 55% Off…
Footwear firm warns of falling sales because of global trade uncertainty and ‘super-cautious’ US consumers
Crocs stock is above key moving averages. This trade offers the shoe maker's shares at a discount or a shot at an healthy…
