Fri, Oct. 21, 10:15 AM
- Data from NPD Group indicates that total U.S. footwear sales fell 5% Y/Y in September to $2.4B.
- Sales for women's footwear were down 7% during the month, with the fashion footwear category showing the most weakness. Warmer weather may have delayed some boot buying.
- Coupled with a weak earnings report from Skechers (SKX -17.7%), the broad footwear sector is tracking lower.
- Notable decliners include Rocky Brands (RCKY -3.7%), Weyco Group (WEYS -2.2%), Crocs (CROX -2%), Stephen Madden (SHOO -2.2%), Foot Locker (FL -1.2%), Finish Line (FINL -2.1%), Boot Barn (BOOT -3%), Shoe Carnival (SCVL -0.7%), DSW (DSW -1.5%), and Deckers Outdoor (DECK -3.9%).
- Previously: Skechers skids after earnings disappoint (Oct. 20)
Fri, Aug. 19, 11:14 AM
- Foot Locker (FL +10%) rips higher after posting strong sales growth. The company cited strength in basketball, running, and classic footwear during the quarter.
- Under Armour (NYSE:UA) is up 1.6% and Nike (NYSE:NKE) is 2.7% higher off the strong read on athletic shoe sales.
- Other notable gainers include Skechers (SKX +1%), Wolverine World Wide (WWW +3.4%), Rocky Brands (RCKY +1.5%), Steven Madden (SHOO +1.4%), Caleres (CAL +1%), and Crocs (CROX +1%) -- all ahead of broad market averages.
- An underlying theme continuing to emerge in the shoe sector is that discretionary spending by millennials on the category is stronger than what is being seen in other areas of retail. Also of note, the millennial group has shown loyalty to power brands.
- Previously: Foot Locker beats by $0.04, beats on revenue (Aug. 19)
- Previously: Foot Locker higher on earnings beat and positive comp (Aug. 19)
Fri, Aug. 12, 8:06 AM
Wed, Aug. 3, 12:48 PM
Wed, Aug. 3, 12:00 PM
Wed, Aug. 3, 9:15 AM
- Gainers: SZMK +45%. KOOL +43%. INVT +26%. GNW +23%. ZAGG +14%. OCLR +12%. FIT +9%. BOFI +8%. ING +8%. TRXC +8%. ETP +7%. FCAU +6%. ETSY +6%. ZTS +6%.
- Losers: RUBI -29%. DRWI -20%. CRAY -20%. VGZ -19%. KATE -18%. CYH -17%. CROX -17%. ELGX -11%. FTAI -9%. QRVO -8%. SHIP -6%. COH -6%. RGC -6%. HBI -6%. KORS -6%. INO -5%.
Wed, Aug. 3, 9:00 AM
- Crocs (NASDAQ:CROX) crumbles after Q2 results fall short. The company pointed to a "cautious" retail environment in the U.S. and some stumbles in China.
- Global direct-to-consumer comparable store sales were up 2.9% during the quarter, but total revenue was down 6.3%.
- Looking ahead, Crocs sees Q3 revenue of $245M to $255M vs. $289M consensus.
- Previously: Crocs EPS of $0.13 (Aug. 3)
- CROX -16.73% premarket to $9.15.
Wed, Aug. 3, 7:33 AM
Tue, Aug. 2, 5:30 PM
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Fri, Jul. 22, 10:13 AM
- A weak earnings report from Skechers (SKX -22%) and a warning from VF Corp (VFC -2.8%) is taking down a number of peers of the apparel sellers.
- Soft demand in Asia, disruption in Europe, and continued F/X headwinds were cited by both companies.
- Oxford Industries (OXM -2.1%), Wolverine World Wide (WWW -2.6%), Crocs (CROX -2.9%), Steven Madden (SHOO -1.8%), and G-III Apparel Group (GIII -2.3%) are all lower.
- The negative start to the earnings season for the apparel/footwear sector appears to be impacting Nike (NKE -0.8%) and Under Armour (UA -0.9%) as well.
- Previously: Skechers -8% after missing Q2 expectations (July 21)
- Previously: V.F. beats by $0.01, misses on revenue (July 22)
Tue, May 10, 12:47 PM
Tue, May 10, 8:13 AM
- Crocs (NASDAQ:CROX) reports sales rose 9.2% in Q1 on a constant currency basis.
- Global comparable store sales were up 3.1% during the quarter on a constant currency basis, led by a 7.5% gain in Europe. Direct to consumer comparable store sales rose 9.9% Y/Y.
- Crocs ended the quarter with inventory of $186.1M vs. $168.2M at the end of Q4.
- The company expects Q2 revenue of $340M to $350M vs. $358M consensus.
- Previously: Crocs EPS of $0.07 (May 10)
- CROX +6.73% premarket to $8.25 after dropping about 8% in the last week in front of the earnings print.
Tue, May 10, 7:32 AM
Mon, May 9, 5:30 PM| Mon, May 9, 5:30 PM | 1 Comment
Wed, Apr. 27, 7:41 AM| Wed, Apr. 27, 7:41 AM
Thu, Apr. 14, 11:46 AM
- Crocs (NASDAQ:CROX) moves up 6.85% to trade at its highest level of the month.
- Wall Street has been rather quiet about Crocs this year (no major upgrades/downgrades), but two Seeking Alpha contributors have presented the upside case.
- Now read Crocs Shares Looking Like A Good Fit and/or Are Crocs About To Make An Unlikely Comeback?