Crocs' E-Commerce Efforts Are Paying Off
Footwear company Crocs (NASDAQ: CROX) reported its third-quarter results before the market opened on Nov. 7. Revenue slumped due to weak wholesale performance in Asia and retail store closings, but the e-commerce business partially offset those declines with double-digit growth. Crocs is closing stores, cutting costs, and focusing on its core products, and the results of those efforts are starting to show up in the bottom line. Here's what investors need to know about Crocs' third-quarter results.
Metric
Q3 2017
Source: Fool.com
Crocs Inc. Stock
€120.14
4.040%
The stock is an absolute favorite of our community with 24 Buy predictions and no Sell predictions.
As a result the target price of 132 € shows a slightly positive potential of 9.87% compared to the current price of 120.14 € for Crocs Inc..
