business
Crocs Core Brand Generates Plenty of Cash Flow, but HeyDude Continues to Struggle
Key takeaways
- CROX A highly recognizable brand trading at 7 times forward earnings is rare.
- Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need.
- With HeyDude accounting for 18% of total revenue, the market s focus is understandable.
CROX A highly recognizable brand trading at 7 times forward earnings is rare. For Crocs (NASDAQ: CROX), that valuation is tied directly to the struggles of its Hey Dude brand. The segment s revenue fell 12% in the first quarter, continuing a trend that forced the company to take a $737 million impairment charge last year.
Will AI create the world s first trillionaire? Our team just released a report on a little-known company, called an "Indispensable Monopoly," providing the critical technology Nvidia and Intel both need. Continue »
With HeyDude accounting for 18% of total revenue, the market s focus is understandable. The shoe brand s wholesale channel has been a disaster, and its gross margins trail Crocs by 15 percentage points.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop