CROX Stock Is Falling Despite a Strong Q2. What's Causing the Footwear Fumbles?

Crocs (NASDAQ:CROX) stock is trading about 2% lower after the footwear company reported its secondquarter earnings. Crocs' revenue grew by 3.6% to $1.11 billion, beating the analyst estimate for $1.1 billion. International revenue for Crocs remains strong, growing by 18.7% to $425 million. However, HEYDUDE has continued to struggle, with revenue falling by 17.5% to $198 million. Crocs acquired HEYDUDE in December 2021 for $2.5 billion. "Strength in the quarter was led by our Crocs Brand with exceptional gro ...