Crocs falls after weak Q3 forecasts, Q2 profit miss
BUZZ-Crocs falls after weak Q3 forecasts, Q2 profit miss Updates
** Crocs shares CROX.O fell as much as 15.37% to $113
** Stock set for its worst day since August 2025, if losses hold
** The footwear maker forecasts Q3 results below estimates
** Q3 revenue expected to be flat compared with last year, adjusted EPS expected to be $3.20 to $3.30
** Analysts expect 2.4% Q3 revenue growth, adjusted EPS of $3.53
** CROX says Q3 revenue will fall from business model change that will be implemented with one of its largest marketplace partners
** "Debate has been whether North America Wholesale declines would flatten or even improve in second half of 2026 given growth in direct-to-consumer" - Raymond James
** The company logs $430 million and $307 million non-cash impairment charges related to HEYDUDE trademark and HEYDUDE Brand reporting unit goodwill, respectively
** Q2 adjusted EPS of $4.23 miss estimates of $4.34 - data compiled by LSEG
** CROX up 56% YTD, as of last close
(Reporting by Juveria Tabassum and Koyena Das in Bengaluru)