Crocs Stock Is Falling. Blame Guidance.
Footwear firm Crocs lowered its outlook, overshadowing a strong third-quarter report.
Source: marketwatch.com
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Footwear firm Crocs lowered its outlook, overshadowing a strong third-quarter report.
Operating Margin Stands at 26% with Diluted EPS Rising 5.5% to $2.87
The stock was down more than 13 percent in pre-market trading.
Crocs Inc., which owns Hey Dude and Crocs, cut its full-year outlook after reporting soft Q3 Hey Dude sales and weaker outlook for the full-year.
Hey Dude just had another rough quarter, but Crocs Inc. is optimistic it can strengthen its recently acquired brand.