NEW YORK, Feb. 07, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Crocs, Inc. ("Crocs" or the "Company") (NASDAQ: CROX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Crocs investors who were adversely affected by alleged securities fraud between November 3, 2022 and October 28, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/crocs-inc-lawsuit-submission-form? ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Crocs, Inc. related to misleading statements about the sustainability of HEYDUDE's revenue growth, with a deadline for investors to seek lead plaintiff status in a federal securities class action by March 24, 2025 [2][4]. Group 1: Company Overview - Crocs, Inc. completed the acquisition of HEYDUDE in February 2022, with HEYDUDE accounting for approximately 25% of Crocs' total revenues in 2022 [5]. - The company reports HEYDUDE sales in two segments: direct-to-consumer (DTC) and wholesale sales [5]. Group 2: Allegations and Financial Impact - The complaint alleges that Crocs and its executives made false statements regarding the nature and sustainability of HEYDUDE's revenue growth, particularly that 2022 growth was largely due to stocking third-party wholesalers rather than actual retail sales [4][6]. - Following the revelation of overstocking issues, Crocs' stock price declined significantly, with a drop of nearly 16% on April 27, 2023, and a further decline of nearly 15% on July 27, 2023, after the company reduced revenue growth guidance for HEYDUDE [7][9][8]. - On November 2, 2023, Crocs reported a 19.4% decline in HEYDUDE's wholesale revenues and further slashed its revenue growth guidance for 2023 from 14%-18% to 4%-6% [10][11]. Group 3: Recent Developments - On October 29, 2024, Crocs disclosed that HEYDUDE's revenues fell below expectations, attributing struggles to excess inventories and acknowledging that prior overstocking decisions were incorrect [12]. - This announcement led to a stock price decline of approximately 19.2% on the following day [13].

Crocs, Inc. (CROX) is scheduled to release fourth-quarter 2024 results on Feb. 13, before market open. The Zacks Consensus Estimate for revenues is pegged at $963 million, indicating a rise of 0.3% from the prior-year figure.The consensus estimate for earnings per share has dipped 3.8% in the past 30 days to $2.28. The estimate indicates a decline of 11.6% from the year-ago period’s number.The Broomfield, CO-based company has a trailing four-quarter earnings surprise of 17.3%, on average. In the last report ...

NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Crocs, Inc. (NASDAQ: CROX) between November 3, 2022 and October 28, 2024, inclusive (the “Class Period”), of the important March 24, 2025 lead plaintiff deadline. SO WHAT: If you purchased Crocs common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT ...

BENSALEM, Pa., Feb. 6, 2025 /PRNewswire/ -- The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Crocs, Inc. ("Crocs" or the "Company") (NASDAQ: CROX).IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN CROCS, INC. (CROX), CONTACT THE LAW OFFICES OF HOWARD G. SMITH BEFORE MARCH 24, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.Contact the Law Offices of Howard G. Smith ...

The market expects Crocs (CROX) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 13, 2025, might help the stock move higher if these key numbers are be ...

Core Viewpoint - A lawsuit has been filed against Crocs, Inc. and its senior executives for potential violations of federal securities laws, specifically related to misleading statements about the company's inventory practices and revenue growth from its acquisition of HEYDUDE [1][2][3]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Delaware, captioned Carretta v. Crocs, Inc., et al., No. 25-cv-00096, and claims are made under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [2]. - Investors have until March 24, 2025, to request to be appointed to lead the case [2]. Group 2: Allegations Against Crocs - Crocs's CEO, Andrew Rees, allegedly assured investors that the company would not overstock wholesalers, but it is claimed that HEYDUDE's revenue growth was largely due to Crocs aggressively stocking its wholesale partners regardless of actual retail demand [3]. - The company revealed on April 27, 2023, that much of HEYDUDE's revenue growth was not indicative of actual retail sales, leading to a significant stock price decline of nearly 16% in one day [4]. Group 3: Financial Performance and Stock Impact - On October 29, 2024, Crocs reported disappointing Q3 2024 results, attributing struggles at HEYDUDE to excess inventories and acknowledging that they shipped too much product, which caused a further stock price decline of approximately 19% [5].

NEW YORK, Feb. 6, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Crocs, Inc. (NASDAQ: CROX).Shareholders who purchased shares of CROX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/crocs-inc-loss-submission-form/?id=127277&from=4CLASS PERIOD: November 3, 2022 to October 28, ...

Company Performance - Crocs (CROX) ended the latest trading session at $97, reflecting a -0.29% change from the previous close, underperforming the S&P 500 which gained 0.39% [1] - Over the past month, Crocs shares have decreased by 12.41%, while the Consumer Discretionary sector and S&P 500 saw gains of 2.35% and 1.7% respectively [1] Upcoming Earnings - The earnings report for Crocs is expected on February 13, 2025, with an anticipated EPS of $2.28, representing an 11.63% decline compared to the same quarter last year [2] - Revenue is projected to be $963.03 million, indicating a 0.31% increase year-over-year [2] Analyst Forecasts - Recent revisions to analyst forecasts for Crocs are important as they reflect changing business trends, with upward revisions indicating analyst optimism about the company's profitability [3] Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Crocs at 4 (Sell), with the consensus EPS estimate having decreased by 1.71% over the last 30 days [5] - Historically, 1 rated stocks in the Zacks Rank have generated an average annual return of +25% since 1988 [5] Valuation Metrics - Crocs is trading at a Forward P/E ratio of 7.62, which is below the industry average Forward P/E of 16.13 [6] - The company has a PEG ratio of 1.7, compared to the industry average PEG ratio of 1.83 [6] Industry Context - The Textile - Apparel industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 76, placing it in the top 31% of over 250 industries [7] - Research indicates that industries in the top 50% of the Zacks Rank outperform those in the bottom half by a factor of 2 to 1 [7]

SAN DIEGO, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Crocs, Inc. (NASDAQ: CROX) common stock between November 3, 2022 and October 28, 2024, all dates inclusive (the “Class Period”), have until March 24, 2025 to seek appointment as lead plaintiff of the Crocs class action lawsuit. Captioned Carretta v. Crocs, Inc., No. 25-cv-00096 (D. Del.), the Crocs class action lawsuit charges Crocs as well as certain of Crocs’ top executives with violatio ...