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CROX - Crocs Inc News Story

$38.59 1.1  2.8%

Last Trade - 07/08/20

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.99bn
Enterprise Value £2.09bn
Revenue £910.6m
Position in Universe 1618th / 6395

BUZZ-Crocs Inc: Falls on not raising margin forecast

Mon 13th January, 2020 6:16pm
** Footwear maker's  CROX.O  shares down 3% at $41.58 - set
for worst day in more than a month
    ** CROX raises full-year revenue outlook range; keeps
adjusted gross margin outlook unchanged at about 51%
 urn:newsml:reuters.com:*:nBw7CNBmka
    ** Investor pushback on FY2019 margins not being raised in
addition to high expectations is could be driving price action -
Piper Sandler analyst Erinn Murphy
    ** CROX fell as much as 5.5% earlier in the session
    ** "We think today's reaction is a tad unwarranted
considering the momentum they have in their business in 2019 and
what we expect from them in 2020" - CL King & Associates analyst
Steven Marotta told Reuters
    ** Current average rating on CROX is "buy"
    ** Stock marginally down so far this year, after rising at
least 61% annually for three consecutive years

 (Reporting by Praveen Paramasivam in Bengaluru)
 ((Praveen.Paramasivam@ThomsonReuters.com))
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