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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: Slides on Q1 earnings, revenue miss

Thu 23rd April, 2020 3:09pm
** Footwear maker's  CROX.O  shares fall 9% to $21.05 as
first-quarter profit, revenue miss estimates
    ** Stock set for worst day in over a month 
    ** Company expects a larger decline in Q2 revenue as
majority of the stores may stay closed for the entire period due
to the coronavirus pandemic  urn:newsml:reuters.com:*:nBw5QKWTda
    ** Revenue fell 5% for the quarter ended March 31 
    ** However, company says it is beginning to see some
recovery in store traffic and sales in China and Korea where
almost all stores are now open 
    ** Stock has lost nearly half its value this year, including
session losses 

 (Reporting by Nivedita Balu in Bengaluru)
 ((Nivedita.Balu@thomsonreuters.com; within U.S. +1 646 223
8780; outside U.S. +91 80 6749 4822/ Twitter: @niveditabalu;))
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