Crocs Ramps Up Store Closings in Turnaround Effort
Footwear company Crocs (NASDAQ: CROX) reported its second-quarter results before the market opened on Aug. 9. Revenue continued to decline, with both the wholesale and retail businesses suffering sales slumps, and the pace of store closings accelerating as the company attempts to right-size its retail footprint. E-commerce was a bright spot, growing by a double-digit percentage. Here's what investors need to know about Crocs' second-quarter results.
Metric
Q2 2017
Source: Fool.com
Crocs Inc. Stock
€125.78
0.590%
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As a result the target price of 138 € shows a slightly positive potential of 9.72% compared to the current price of 125.78 € for Crocs Inc..
