Second shoe dropped at CROX
By stlplace on Feb 19, 2008 in earning
To be fair, Crocs reported a good quarter for Q4 2007. But, the outlook did not please the street, let me quote Reuters:
The company based in Niwot, Colorado, whose vibrantly colored shoes, clogs and boots have become a fad in recent years, also backed its 2008 profit outlook of $2.70 and revenue view of $1.16 billion.
Analysts were expecting a profit of $2.72, before items, on revenue of $1.16 billion.
The stock dropped about 10% after hour. I am not sure if it will recover like AMZN did after its earning couple weeks ago. As I was listening the Conferece call, one analyst asked if people under-appreciated Crocs’ infrustructure, he even said Crocs is like a global supply chain company happens to make and distribute shoes. Interesting point, Crocs has 5,000 employee worldwide as of now.
