Shares of Crocs tumbled 18% after the comfy shoe maker posted disappointing profits, blaming its struggling loafer brand, HeyDude. Crocs executives admitted during a Tuesday earnings call that its ...
Crocs shares drop after Q3 results showed HEYDUDE brand revenues down 17.4% and revenue guidance cut. Adjusted EPS beat expectations at $3.60, but Crocs projects FY24 revenue growth at just 3% ...
Results gained from strength in the Crocs brand and outstanding international growth. With respect to the HEYDUDE brand, management has been making improvements to aid sustainable growth.
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