Crocs' stock fell after weak guidance and a 17.4% revenue drop in the HeyDude brand.

Crocs' stock declined after the company issued disappointing guidance, primarily due to a 17.4% drop in HeyDude brand revenue. While the core Crocs brand saw a 7.4% revenue increase to $858 million, overall fourth-quarter projections are weak, with an expected decline in HeyDude sales. Despite challenges, Crocs' strong performance in international markets, particularly in China, suggests potential value for investors. The stock is viewed as potentially undervalued.

November 02, 2024
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