Time for the shorts from this morning to cover....hold your shares. Earnings were great and the 6 month earnings will exceed original guidance. Shorts love to make a big deal about Q2 but it is a continuous process, not quarter by quarter and the fact remains that the first two quarters exceed original guidance. Hold your shares.
They made that point on the conference call but should have made it loud and clear in the original earnings statement, might have saved some short term pain and burned some of the shorts instead of kicking the longs in the teeth temporarily. I've only got 3 retailers red on my screen with CROX down 9%. And that is even with the Walmart Mexico investigation and Big Lots guidance fiasco (both up +3%). CROX execs probably wanted new stock options priced as low as possible. Still long but going forward they could use some PR help for their calls/statements. IMO