CROX earnings play....
Posted: May 05, 2024
- Crocs has a strong social media presence with 2 million followers on TikTok and Instagram - Limited edition collaborations like the Pringles Crocs sell out quickly and have high margins - Crocs acquired Heydude in 2021, which is struggling with revenue dropping by 22% - Terence Reilly, known for his success with Stanley bottles, has been brought in to lead Heydude - Crocs' stock is undervalued compared to competitors like Skechers and PVH - Crocs' recent earnings report showed a 12% increase in stock price, but guidance for next quarter is soft due to Heydude's struggles - CROX will release earnings on May 7th with an expected 10% implied move, potential for surprise in store
Summarized top reddit comments: - Long time holder of crox - Too much insider selling - Great earnings, poor guidance - Considering poots - Ugliest footwear vs aesthetically pleasing - Mention of financials - International sales important - Considering call back spreads - Mixed opinions on actual earnings result
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