Crocs share price plummets 30 percent after reporting operating loss
Crocs, Inc. reported an operating loss of 428 million dollars on Thursday. This represents a decrease of 231.2 percent compared to the second quarter of the previous financial year. CEO Andrew Rees explained in the statement that cost savings and other actions have been implemented due to volatile market conditions. These will support the company and its profit margin in the long term. However, the stock market reacted immediately.
The price per share was 74.39 dollars at the time of writing (Friday, August 9, 9am GMT+2). The most recent high in Crocs, Inc.'s share price was on May 13, 2025. At that time, the price per share on the US stock market reached 120 dollars. This article was translated to English using an AI tool.
FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@fashionunited.com
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