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Crocs Shares Sink After Shoemaker Pares Back Sales Outlook

Crocs Inc. shares dropped 16 percent in premarket trading after the company lowered its growth expectations and warned of sales declines for its HeyDude brand.
Crocs clogs have cemented their influence with streetwear collaborations and a new retail sales strategy. Crocs.
Crocs’ sales growth in the third quarter, which includes the crucial back-to-school shopping period, remained flat. (Crocs)

Crocs Inc.’s shares fell as much as 16 percent in US premarket trading after the seller of brightly coloured plastic clogs tempered growth expectations and warned of sales declines for its casual HeyDude brand.

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