Croos (CROX) has been beaten down lately with too much selling pressure. While the stock has lost 21.2% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that m ...

Crocs, Inc. (CROX) posted solid results for third-quarter 2024, wherein the bottom and top lines surpassed the Zacks Consensus Estimate and grew year over year. 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. In the quarter, CROX launched TikTok Shop and has been receiving a positive response. In addition, clogs, sandals and personalization rose during the quarter, driv ...

The Crocs brand is growing, but Heydude is a drag on results. Crocs (CROX -19.17%) brand is growing, but a turnaround at Heydude is going to take even more time, and that's why shares plunged 19% on Tuesday. In this video, Travis Hoium digs through the results and explains why investors are worried about Heydude. *Stock prices used were end-of-day prices of Oct. 29, 2024. The video was published on Oct. 29, 2024. ...

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 2022 HeyDude acquisition is dinging its otherwise strong growth. The Broomfield, Colo.-based company said overall 2024 sales will rise 3% compared with its previous estimate of 3% to 5% — crushed by a 14.5% sales decline of HeyDude merchandise. By comparison, the Crocs brand is expected to grow by 8% this year, th ...

Key TakeawaysCrocs shares plunged Tuesday as sales of its smaller Heydude brand remain a drag on earnings.The footwear maker's earnings posted Tuesday beat estimates for the third quarter, but the company also lowered projections for the full year.Sales of the Heydude brand for the full year are seen dropping 14.5% year-over-year, a much larger decline than Crocs' previously forecast 8% to 10% fall. Shares of Crocs, Inc. (CROX) fell more than 18% Tuesday after the company's third-quarter earnings beat was o ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 000-51754 ____________________________________________________ ...

Crocs made a big acquisition nearly three years ago, and it's still not paying off as investors had hoped. Shares of shoe company Crocs (CROX -18.39%) dropped on Tuesday after the company reported financial results for the third quarter of 2024. While most of the numbers looked good, investors don't like the ongoing weakness with its HeyDude brand. And that's a big reason why Crocs stock was down 17% as of 11 a.m. ET and down nearly 30% from its 52-week high. Strong financial results come with a big pocket ...

CROCS inc. Q3 2024 Investor Presentation Forward Looking Statement This document includes estimates, projections, and statements relating to our business plans, commitments, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statemen ...

Financial Data and Key Metrics Changes - Consolidated enterprise revenues reached $1.1 billion, growing 2% year-over-year, with DTC growth of 5% [6][25] - Adjusted diluted EPS increased 11% to $3.60 per share [6][32] - Adjusted gross margin for the third quarter was 59.6%, up 220 basis points from the previous year [29] - Adjusted SG&A dollars increased 19% year-over-year, with an adjusted SG&A rate of 34.2%, up 510 basis points [31] Business Line Data and Key Metrics Changes - Crocs brand revenues were $858 million, growing 8% year-over-year, with DTC and wholesale each growing 8% [25] - HEYDUDE revenues declined 17% to $204 million, with wholesale down 23% and DTC down 9% [28] - Crocs sold 32.1 million pairs of shoes, an increase of 11% year-over-year, while brand ASPs decreased 3% to $26.48 [26] Market Data and Key Metrics Changes - North American revenues grew 2% to $491 million, with DTC up 4% and wholesale down 2% [27] - International revenues grew 17% to $367 million, with DTC growth of 18% and wholesale growth of 15% [27] - China business grew over 20%, following a 90% growth last year, with growth driven by mono-brand partner stores [15][27] Company Strategy and Development Direction - The company is focusing on three primary levers for long-term growth: driving awareness and relevance, gaining market share in Tier-1 markets, and diversifying product range [46] - HEYDUDE is prioritizing brand health and building a community, with a focus on female youth culture and strategic partnerships [19][20] - The company is adjusting its investment strategy, shifting from performance marketing to brand marketing for HEYDUDE [57] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious consumer environment in North America, expecting muted conditions until the holiday season [14] - The company anticipates continued growth in China despite a slowdown, supported by mono-brand store openings [16][75] - For 2024, the company adjusted its revenue growth outlook to approximately 3%, with Crocs brand growth expected at around 8% and HEYDUDE down approximately 14.5% [35][36] Other Important Information - The company repurchased $151 million of shares during the quarter, with $549 million remaining on its share repurchase authorization [34] - The company is maintaining a strong liquidity position with $186 million in cash and $559 million in borrowing capacity [33] Q&A Session Summary Question: Details on Crocs North America DTC business and 2025 outlook - Management expects North America to grow about 2.5% for the year, with a stable and profitable business model [50][51] Question: HEYDUDE distribution actions and profitability - The company streamlined its account base, focusing on larger strategic accounts while maintaining some smaller, regional customers [54] - Management is confident in HEYDUDE's long-term growth potential despite current performance challenges [57] Question: Crocs North America growth expectations for 2025 - Management anticipates modest growth for North America Crocs in 2025, with international growth being a key driver [73] Question: HEYDUDE marketing strategy changes and KPIs - The company shifted from performance marketing to brand marketing, impacting short-term revenue but aiming for long-term brand health [57] Question: International growth potential in 2025 - Management remains confident in growth in China, India, and key European markets, despite recent challenges [75]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...