Crocs, Inc. (CROX) reported better-than-expected third-quarter earnings, but lowered its revenue guidance due to continued struggles with the HEYDUDE brand. While Crocs brand revenue grew, HEYDUDE saw a significant decline, prompting the company to adjust its outlook for the remainder of the year.
Crocs, Inc. (CROX) shares tumbled in pre-market trading after the company reported its third-quarter financial results, which included a lowered revenue guidance for the HEYDUDE brand. Despite exceeding earnings expectations, the struggling HEYDUDE brand and cautious outlook for the coming year sent investors scrambling for the exits.
Crocs, Inc. (CROX) shares tumbled in pre-market trading after the company reported its third-quarter financial results, which included a lowered revenue guidance for the HEYDUDE brand. Despite exceeding earnings expectations, the struggling HEYDUDE brand and cautious outlook for the coming year sent investors scrambling for the exits.
