The share price of the shoe company Crocs, Inc. (CROX) has fallen significantly after the results have been published for the second quarter. The company had to report to a profit to a loss. As a result of this, the share price on Nasdaq fell by 30 percent compared to the previous day.
Crocs, Inc. reported an operational loss of $ 428 million (around 395 million euros) on Thursday. This corresponds to a decline of 231.2 percent compared to the second quarter of the previous year. CEO (CEO) Andrew Rees said in the announcement that cost savings and further measures were implemented in view of the volatile market conditions. In the long term, these should strengthen the position of the company and improve profit margins. However, the stock markets reacted immediately and clearly.
At the time of the publication, the share price was $ 74.39 (Friday, August 8, 9:00 a.m. CEST). The CROCS share, Inc. on May 13, 2025, reached the previous high in the current year with a price of $ 120.
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