Scareed investor
CROCS company’s share breaks by almost 30 percent
The makers of the crocs rubber shoes see the lust for the US consumers disappear and suffer from Donald Trump’s import dubes. Investors drop the stock.
The US company behind the Crocs rubber shoes lost almost 30 percent of its value in one day. The trigger for the burglary was above all the surprising forecast of a decline in sales of nine to eleven percent in the current quarter. Crocs boss Andrew Rees also said in a telephone conference with analysts, US consumers were reluctant overall if the expenditure was not absolutely necessary.
Crocs expects US President Donald Trump’s import duties with a load of $ 40 million in the second half of the year. Rees warned that concerns about possible price increases could slow down consumers’ merchants. At the same time, he expects that the 2026 World Cup and the 2028 Olympic Games in Los Angeles become more popular in the USA World Cup.
The Crocs share completed the trading day with a minus of 29.24 percent. In a counter reaction in post -exchangeable trade, it was a good three percent upwards.
In the past quarter, the revenue of the company, which also includes the Heydude brand, rose by 3.4 percent to around $ 1.15 billion (just under one billion euros). The bottom line was that there was a loss of a good $ 492 million, which was triggered primarily by depreciation on the brand value of Heydude. In the previous year, a win of almost $ 229 million was in the books.
dpa
Source: Stern
