Fri, 08 Aug 2025

Fri, 08 Aug 2025 Crocs shares slump as US shoppers rein in spending

The firms says it expects revenue for the three months to the end of August to fall by about 10% compared with last year.

* Crocs shares have plummeted nearly 30% after warning of a 10% drop in sales
* US consumers are becoming "super cautious" with their spending, avoiding stores and purchases
* The company expects a $40m hit due to tariffs for the remainder of 2025
* CEO Andrew Rees says the firm will try to mitigate the impact through cost savings
* Crocs is pulling back on discounting its products, which could further impact sales
* Revenue for Q2 was $1.1bn, a 3% rise compared to last year
* The company's share price has fallen to its lowest level in nearly three years
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