|Bid||25.00 x 800|
|Ask||31.00 x 1100|
|Day's Range||28.01 - 29.40|
|52 Week Range||8.40 - 43.79|
|Beta (5Y Monthly)||1.82|
|PE Ratio (TTM)||19.10|
|Earnings Date||Jul 30, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.00|
In this episode of MarketFoolery, Chris Hill and Motley Fool analyst Jason Moser go through the latest headlines from Wall Street. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.
Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for men, women, and children, today announced that it will present at the Baird 2020 Consumer, Technology & Services Conference on Wednesday, June 3, 2020 at 12:50 pm ET.
When it comes to footwear, the Nike and Adidas tend to draw the most attention from investors, but Crocs has made several moves to change their story.
Shares of Crocs (NASDAQ: CROX), Coty (NYSE: COTY), and Foot Locker (NYSE: FL), an assortment of retailers, jumped 10% or higher Tuesday morning as the markets received positive news about consumer sentiment and COVID-19 vaccines. Retailers got a little spark of hope Tuesday when U.S. consumer confidence moved slightly higher in May, suggesting the worst of the economic impact could be behind us as more states open up parts of the economy and reduce restrictions. Consumer confidence moved to 86.6 in May, up from the downwardly revised 85.7 recorded in April.
In general, retail hasn't held up well during the shelter-in-place portion of the ongoing COVID-19 pandemic. But Crocs Inc. (NASDAQ: CROX), maker of foam comfort clogs, has bucked the trend as one of the retail success stories this year.
A recent survey released by Piper Sandler, which assessed consumer behavior changes amidst COVID-19, concluded that most respondents were generally optimistic about the economy, more than half are spending less since mid-March, and 55% of consumers don’t expect to return to normal spending behavior for >6 months after COVID-19 concerns fade. The Final Round panel breaks down the survey and discusses what the survey means for retailers in a post-coronavirus world.
Ladies and gentlemen, thank you for standing by, and welcome to the Crocs, Inc. first-quarter 2020 earnings call. Good morning, everyone, and thank you for joining us today for the Crocs first-quarter 2020 earnings call. Crocs is not obligated to update these forward-looking statements to reflect the impact of future events.
Instead of investing in tangerine corseted playsuits or handbags to carry nowhere, we are buying sweatpants and, apparently, Crocs. Instead, I alternate between hideous (and hideously comfortable) Brooks running shoes and two different pairs of Birkenstocks. Then, a fashionable textile designer I follow on Instagram posted a photo of herself wearing Crocs printed with strawberries.
Shares of Crocs (NASDAQ:CROX) fell 7.7% after the company reported Q1 results.Quarterly Results Earnings per share fell 38.89% over the past year to $0.22, which missed the estimate of $0.36.Revenue of $281,160,000 lower by 5.00% year over year, which missed the estimate of $295,300,000.Outlook Crocs hasn't issued any earnings guidance for the time being.Crocs hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: Apr 23, 2020View more earnings on CROXTime: 01:02 AM ETWebcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.crocs.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2156877&sessionid=1&key=56B43D9D1FD77F32805AC6CED402CF29®Tag=&sourcepage=registerTechnicals Company's 52-week high was at $43.7952-week low: $8.40Price action over last quarter: down 17.84%Company Overview Crocs Inc is engaged in the design, development, marketing, distribution, and sale of casual lifestyle footwear accessories for men, women, and children. The reportable geographic segments of the company include Americas, Asia pacific, and EMEA.See more from Benzinga * Recap: Alliance Data Systems Q1 Earnings * WNS: Q4 Earnings Insights * F N B: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Crocs (CROX) delivered earnings and revenue surprises of -33.33% and -1.75%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Crocs Inc. shares slid 5.6% in premarket trade Thursday, after the casual footwear company missed profit and revenue estimates for the first quarter as stores were shuttered during the coronavirus pandemic. The Niwot, Colorado-based company said it had net income of $11.1 million, or 16 cents a share, in the quarter, down from $24.7 million, or 33 cents a share, in the year-earlier period. Adjusted per-share earnings came to 22 cents, below the 31 cents FactSet consensus. Revenue slid to $281.2 million from $295.9 million, also below the FactSet consensus of $296.0 million. The company withdrew 2020 guidance provided on Feb. 27 because of the uncertainty caused by the virus, but said it expects revenue declines to continue in the retail and wholesale channels as long as social-distancing measures remain in effect. "Further, we expect a larger decline in revenues in the second quarter of 2020, as the majority of our retail and partner stores may be closed for the whole period," the company said in a statement. Crocs has no near-term liquidity concerns and has taken measures to preserve cash. The company has furloughed store workers, cut executive and board pay and deferred certain spending. Its distribution centers remain operational with strict cleaning protocols in place. "Selling, general and administrative expenses ("SG&A") for 2020 is now expected to be between $440 and $460 million, which is approximately $30 to $50 million lower than prior year and approximately $100 million lower than our original plan for 2020," said the company. Capex is expected at about $30 million, down from earlier guidance of $50 million to $60 million. The company has increased a credit facility with PNC Bank, National Association and other lenders to $500 million from $450 million and eased covenants for the second and third quarters. It has temporarily suspended share buybacks. Shares have fallen 44% in the year to date, while the S&P 500 has fallen 13%.
Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for men, women, and children, today announced its first quarter 2020 financial results.
NEW YORK, NY / ACCESSWIRE / April 23, 2020 / Crocs, Inc. (NASDAQ:CROX) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 23, 2020 at 8:30 AM Eastern ...
In order to improve financial flexibility amid coronavirus crisis, Crocs (CROX) amends its revolving credit facility and suspends share repurchases.
A countless number of sporting events across the country have been canceled to combat the spread of the coronavirus, but the Big South National Qualifier is still on — at least for now. The largest junior girls volleyball event over a single weekend brings over 50,000 people to the Georgia World Congress Center every year. Attendance could be trimmed significantly this year though as several clubs have already dropped out in the wake of the fallout, according to tournament organizers.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]