Crocs' stock tumbles 15% after earnings show weakness at high-flying HeyDude brand

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Crocs Inc.'s stock tumbled 15% Thursday as investors overlooked strong earnings to focus on HeyDude.

Crocs Inc.’s stock tumbled 15% Thursday after the company’s better-than-expected second quarter and raised guidance was overshadowed by a weaker-than-expected performance by its HeyDude brand, driven by weak demand from wholesalers.

The company CROX said it now expects full-year revenue at HeyDude to grow 14% to 18%, down from previous guidance of mid-20% growth. Crocs has been changing its distribution model for HeyDude to bring it closer to the one it uses for the Crocs brand, with a focus on DTC sales and key retail partners, such as Foot Locker Inc. FL

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 3. in RU

Россия Последние новости, Россия Последние новости