Uncertainty over trade and tariffs loom over this shoe maker.
Crocs reported Q2 results nearly in line with Wall Street's expectations. Total sales growth remained positive but moderate. The provided Q3 guidance is cause for significant concern. Sales and earnings are suddenly guided to decline sharply, related largely by Crocs' management to consumer weakness. There's more to the guided weakness. Crocs' brand equity has historically been volatile, and brand equity now seems to be moving the wrong way.
CROX posts record Q2 gross profit and EPS beat on strong brand execution, but projects a sales drop for Q3 amid tariff pressures.
Apparel - Footwear & Accessories Industry | Consumer Cyclical Sector | Andrew Rees CEO | XDUS Exchange | US2270461096 ISIN |
US Country | 7,910 Employees | - Last Dividend | 15 Jun 2007 Last Split | - IPO Date |