I maintain my buy rating for Crocs stock, while reducing my price target to $132, as CROX reduced its FY24 revenue guidance.

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 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.

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 ...

The company is working to build Heydude’s brand awareness and momentum through influencer partnerships after a 17% revenue drop in Q3.

Image source: Getty Images The Crocs brand, meanwhile, continued to show strength, with revenue climbing 7.4% to $858 million ...

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% ...

Also Read: What’s In Store For Crocs Q3 Earnings? Analyst Eyes North America Trends Direct-to-consumer (DTC) revenues increased by 4.4% (4.6% when adjusting for currency). Wholesale revenues ...