NasdaqGS:CROXLuxury
Crocs (CROX): Assessing Valuation Following Third Quarter Sales and Profit Decline
Crocs (CROX) just shared its third quarter numbers, and the headline is a dip in both sales and net income compared to last year. Management also signaled that revenue could fall again next quarter.
See our latest analysis for Crocs.
Despite a wave of share buybacks and a fresh round of revenue guidance, Crocs shares have struggled this year. The year-to-date share price return stands at -28.7% and the 12-month total shareholder return is -23%. Ongoing concerns about sales momentum are...