$CROX - EARNINGS JUST RELEASED -
Added 2024-10-29 12:09:56 +0000 UTC$CROX have just double beat but the price is down -12% in the PM now.
Their HeyDude brand revenue declines appear to be doing the damaging work here.
On the chart, price has lost the 200 Day MA but still holding on the outside of the green triangle.
Once the price holds above $117, bulls are still in control.
$CROX | Crocs Q3'24 Earnings Highlights 
Revenue: $1.06B (Est. $1.05B) 
; UP 2% YoY
Adj EPS: $3.60 (Est. $3.10) ; UP 11% YoY
Inventory: $367M (down from $390M YoY)
FY24 Guidance:
Revenue Growth: ~3% YoY (Lower end of prior 3%-5% range) 
HEYDUDE Revenue: DOWN 14.5% (Prior: DOWN 10%-8%)
Crocs Brand Growth: ~8% (Prior: 7%-9%)
Adjusted EPS: $12.82-$12.90 (Est. $12.85) 
Adjusted Operating Margin: >25%
Capital Expenditures: $90M-$100M (Lowered from $100M-$110M) Q4'24 Guidance:
Adjusted EPS: $2.20-$2.28 (Est. $2.73)
Revenue: Flat to slightly up YoY
Crocs Brand Growth: ~2%
HEYDUDE Revenue: DOWN 6%-4%
Comments
Sorry, Captain. Crocs should not be worn in public. I will never get behind this company or invest in it.
Matty
2024-10-29 21:16:32 +0000 UTCMe too.
Jeff Vox
2024-10-29 15:43:42 +0000 UTCBelow pics from Cap’s comm are not loading…any other of you guys have this issue? Thanks
WallyN 🇷🇴
2024-10-29 12:24:23 +0000 UTC
