Crocs’ stock has its worst day in 14 years. People want discounts or they won’t buy. - MarketWatch
1. CROX stock dropped 29.2%, its largest one-day loss in 14 years. 2. Weak revenue forecast due to cautious consumer spending and athletic gear popularity. 3. North America sales fell 6.5%, with a projected 9%-11% drop for Q3. 4. Higher tariffs and increased costs are expected to impact profitability significantly. 5. Despite challenges, Crocs reported strong product growth and TikTok presence.