Shares of Crocs Inc (CROX) are trading -12% lower at a price of $68.2 at the time of this writing.
- Crocs strong 2Q revenue
- Weak guidance
- 2Q revenue: +50.5% year-over-year to $964.6M
- Above analyst estimate of $937.44M
- 2Q earnings: $3.24 per share, above $2.66 per share estimate
Crocs Inc has been trading between a 52-week high of $183.88 and a 52-week low of $46.08. The stock has a market cap of $4.2 Billion.
Crocs, Inc. is a world leader in innovative casual footwear for women, men, and children, combining comfort and style with a value that consumers know and love. The vast majority of shoes within Crocs' collection contain Croslite™ material, a proprietary, molded footwear technology, delivering extraordinary comfort with each step.
Headlines
Why Crocs Stock Is Sliding Today
Benzinga 08-04-22
Crox stock dips after earnings as company cuts forecast
MarketWatch 08-04-22
ROUNDUP: Crocs Inc. Q2 Profit Down, But Beats Estimates; Guides Full-year Profit Below View
Finanz Nachrichten 08-04-22
Crocs shares tumble after cut to full-year forecast
Seeking Alpha 08-04-22
Crocs Inc. Q2 Profit Decreases, but beats estimates
Finanz Nachrichten 08-04-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:Bryciee - 13 upvotes -
sourcecrox beat earnings estimates by 50% and is down premarket 😢 wtf mane
lotus_bubo - 8 upvotes -
sourceYou leave Crox out of this!
Adventurous-Date-397 - 8 upvotes -
sourceI was driving through the hood and saw a group of guys wearing red crocs. Crocs are gangster now. To say this had an impact on me would be an understatement. I’m opening a significant position in $CROX tomorrow.
BoomBoomMansena - 8 upvotes -
sourceI bought CROX and LCID calls LMAO
valiant_thor77 - 7 upvotes -
sourceOnly true degenerates bought OTM calls on Crox
Lettiin - 7 upvotes -
sourceMy crox calls r fuk
BoomBoomMansena - 7 upvotes -
sourceBasing my investments off of cool animal emojis - All in on DDOG 🐕 and CROX 🐊 calls
BoomBoomMansena - 6 upvotes -
sourceGod damnit CROX limp dicked their forward guidance there goes my "fun" account again lol
ABB15 - 6 upvotes -
sourceEarnings play? LCID, hood, baba or crox?
BoomBoomMansena - 4 upvotes -
sourceCROX 🐊