Why Crocs (CROX) Shares Are Trading Lower Today
Update: 2025-10-31
Description
Crocs' Q3 results disappointed investors with a 2% share drop, as falling revenue and a gloomy forecast for the rest of the year overshadowed beating earnings estimates. The flagship brand's sales dipped by 2.5%, but HEYDUDE's revenue plummeted by over 21%. CEO Andrew Rees attributed the slump to cautious spending due to economic uncertainty. Crocs' shares have been volatile, with 18 significant fluctuations in the past year, and are down 26% since January. Despite recent setbacks, long-term investors still see a positive return.
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