Financial

Crocs’ shares take hit as Heydude sales outlook tempered

By 2023-07-28T07:02:00

crocs

Crocs Inc. generated more than $1 billion in Q2 revenues on 12 percent constant-currency growth. The company increased its annual revenue guidance on July 26 to surpass the $4 billion mark, but its share price plummeted more than 14 percent, nonetheless. By mid-afternoon, the company’s shares were on pace to ...

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