EXEC: Crocs’ Shares Hit By Projected Top-Line Slowdown, HeyDude Shortfall
SGB ExecutiveCrocs, Inc. lifted its sales and earnings guidance for the year after witnessing a better-than-expected performance by the Crocs brand in the first quarter. However, the company’s shares are trading down about 16 percent in afternoon trading Thursday as investors appear still spooked by the sales slowdown expected for the rest of the year as well as lower-than-expected sales in the first quarter at HeyDude. (Read More)