Crocs Shares Fall Following Weak Guidance for Hey Dude [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
Brooks Achieves Highest Quarterly Results in the Brand's History in Q1 REI Co-op Reports Widening Loss, Sales Decline in 2023 Shares of Crocs Inc. dropped on Tuesday morning after the shoe company cut its 2024 sales outlook for the Hey Dude brand. Altogether, the Broomfield, Colo.-based footwear company reported better-than-expected results for the first quarter, which included a 6 percent revenue increase from the prior year to a record $939 million. This was ahead of the $881.71 million expected by analysts surveyed by Yahoo Finance. Q1 adjusted diluted EPS was up 16 percent to $3.02, also ahead of the $2.23 expected by analysts. The strong performance was driven by the Crocs brand, where revenues increased 14.6 percent to $744 million in the quarter. However, the Hey Dude brand continued to lag in Q1, with revenues down 17.2 percent to $195 million. The slowdown was present in both wholesale, which decreased 19.7 percent, and direct-to-consumer, which decreased 11 percent.
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News
- Brokers Suggest Investing in Crocs (CROX): Read This Before Placing a Bet [Yahoo! Finance]Yahoo! Finance
- We Remain In Favor Of Crocs After The Latest Earnings [Seeking Alpha]Seeking Alpha
- Crocs, Inc. (NASDAQ: CROX) had its price target raised by analysts at Wedbush from $156.00 to $170.00. They now have an "outperform" rating on the stock.MarketBeat
- CROX or LVMUY: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Here's Why Crocs (CROX) is a Strong Momentum Stock [Yahoo! Finance]Yahoo! Finance
CROX
Earnings
- 5/7/24 - Beat
CROX
Sec Filings
- 5/14/24 - Form 4
- 5/9/24 - Form 144
- 5/8/24 - Form 144
- CROX's page on the SEC website