Crocs Inc. CROX has seen its shares slide 2.5% in the past week after it reported third-quarter 2024 results on Oct. 30, 2024 ...
Crocs dipped ~19% despite better-than-expected results due to lower HEYDUDE performance expectations. Read why I rate CROX stock a Buy now.
Crocs Inc. on Tuesday reported third-quarter revenue rose 1.6% year over year to $1.06 billion. Direct-to-consumer revenue grew 4.4%, while wholesale revenue fell 1.4% for the quarter.
I maintain my buy rating for Crocs stock, while reducing my price target to $132, as CROX reduced its FY24 revenue guidance.
Crocs DTC revenue rose 7.7%, with comparable DTC revenue up 4.8%. Wholesale revenue increased 7.1%. International growth led the way, with sales surging 15.5% to $367 million, while North America ...
Loop Capital downgraded Crocs (CROX) to Hold from Buy with a price target of $110, down from $150. The firm says that while the stock’s ...
On a constant-currency basis, revenues jumped 4.6%, while wholesale revenues dipped 0.9%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The Crocs brand’s revenues ...
Similarly, the brand’s direct-to-consumer sales dropped 9.3%, and wholesale revenue lagged by about 23%. Crocs acquired the casual footwear brand it cast as a “perfect fit” in 2021 for $2.5 ...
Crocs DTC revenue rose 7.7%, with comparable DTC revenue up 4.8%. Wholesale revenue increased 7.1%. International growth led ...
Despite the strong third-quarter results, Crocs' HEYDUDE brand underperformed, with revenues dropping 17.4% year over year. This decline was led by a 22.9% fall in wholesale revenues and a 9.3% ...