The guidance: Crocs Inc. is tempering expectations for the end of the year. The company expects Q4 revenues to be flat to up slightly compared with last year.
- Crocs forecast 2% growth for its namesake brand in Q4—a marked slowdown from last year when its revenues grew 10.0% year over year (YoY).
- The company projects sales for its struggling casual sneaker and loafer Heydude brand to decline 4% to 6% YoY. That’s an improvement from last year when sales fell 18.5% YoY to $228 million.