Core Viewpoint - A securities fraud class action lawsuit has been filed against Crocs, Inc. for misleading investors regarding the sustainability of revenue growth from its HEYDUDE acquisition, which significantly impacted the company's stock price during the class period [1][3][4]. Group 1: Lawsuit Details - The lawsuit was filed on behalf of investors who acquired Crocs common stock between November 3, 2022, and October 28, 2024 [1]. - Investors have until March 24, 2025, to move the Court to serve as lead plaintiff for the class [2][10]. Group 2: HEYDUDE Acquisition and Revenue Misrepresentation - Crocs acquired HEYDUDE in February 2022, and it accounted for approximately 25% of the company's total revenues in 2022 [2]. - The revenue growth from HEYDUDE was largely due to Crocs' strategy of overstocking third-party wholesalers, which was not reflective of actual retail demand [3][8]. Group 3: Impact on Stock Price - On April 27, 2023, Crocs' stock price fell nearly 16% after disclosures revealed that HEYDUDE's revenue growth was not indicative of actual sales [4]. - Subsequent disclosures in June and July 2023 further revealed intentional overstocking, leading to additional declines in stock price [5]. - On November 2, 2023, Crocs reported a 19.4% decline in HEYDUDE's wholesale revenues, resulting in a further drop of over 5% in stock price [6][7]. Group 4: Ongoing Misleading Information - Throughout the class period, Crocs continued to downplay the negative impact of overstocking and waning product demand on financial results [8]. - On October 29, 2024, Crocs disclosed that HEYDUDE revenues fell below expectations, leading to a significant stock price decline of approximately 19.2% [9].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Crocs, Inc. related to alleged violations of federal securities laws, particularly concerning misleading statements about the sustainability of HEYDUDE's revenue growth and the impact of inventory management on financial results [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 or misleading statements regarding HEYDUDE's revenue growth, which was largely driven by stocking third-party wholesalers rather than actual retail sales [4][6]. - Following the revelation of the overstocking issue, Crocs' stock price declined significantly, dropping nearly 16% on April 27, 2023, and nearly 15% on July 27, 2023, after guidance was lowered [7][9]. - On November 2, 2023, Crocs reported a 19.4% decline in HEYDUDE's wholesale revenues, leading to further reductions in revenue growth guidance 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 too much product was shipped in 2022 [12]. - This announcement resulted in a stock price decline of approximately 19.2% on October 29, 2024 [13].

This stock is cheap and may have a turnaround ahead.Crocs' (CROX 3.35%) results for the fourth quarter of 2024 weren't earth-shattering, but the stock has gotten so cheap that investors were expecting the worst. What's interesting is the turnaround at HEYDUDE, which gives the company upside beyond Crocs, as Travis Hoium shows in this video.*Stock prices used were end-of-day prices of Feb. 16, 2025. The video was published on Feb. 18, 2025. ...

PHILADELPHIA, Feb. 19, 2025 (GLOBE NEWSWIRE) -- A securities class action lawsuit has been filed against CROCS, INC. (“Crocs” or the “Company”) (NASDAQ: CROX). The lawsuit has been filed on behalf of purchasers of CROCS securities between November 3, 2022 and October 28, 2024, inclusive (the “Class Period”). CLICK HERE TO LEARN MORE ABOUT THIS LAWSUIT. Investors who purchased or acquired CROCS securities during the Class Period may, no later than MARCH 24, 2025, seek to be appointed as a lead plaintiff repr ...

Crocs (CROX -1.00%) shares soared following the casual footwear company's Q4 earnings report, as its namesake brand saw solid sales while there were signs of a turnaround at its struggling HeyDude brand. Nonetheless, the stock is still down slightly over the past year.Let's take a closer look at Crocs' Q4 results and outlook to see whether or not it's too late to buy the stock.HeyDude turnaround showing progressThe performance between Crocs' namesake brand and HeyDude, which it acquired in 2022, have diverg ...

NEW YORK, Feb. 18, 2025 /PRNewswire/ -- 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?prid=1 ...

RADNOR, Pa., Feb. 16, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that the firm has filed a securities fraud class action lawsuit against Crocs, Inc. (NASDAQ: CROX) (“Crocs” or the “Company”) on behalf of investors who purchased or otherwise acquired Crocs common stock between November 3, 2022, and October, 28 2024, inclusive (the “Class Period”). This action, captioned Carretta v. Crocs, Inc., et al., Case No. 1:25-cv-00096-JLH, was filed in the United Stat ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...

NEW YORK, Feb. 16, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Crocs, Inc. (NASDAQ: CROX) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Crocs, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/crocs-inc. Investors have until March 24, 2025, to ask the Court to be appointed to lead the case. T ...

Their shoes are certainly different styles, but the businesses of Deckers Outdoor (DECK -1.92%) and Crocs (CROX -1.47%) aren't wildly different from each other. Each company sells shoes, both directly and through wholesale channels. But the similarities extend further.Crocs reported financial results for the fourth quarter of 2024 on Feb. 13, so its finalized numbers aren't reflected on the chart below. But for 2024, Crocs had revenue of over $4.1 billion. For its part, Deckers has another quarter to go in ...