Crocs Stock Loses Its Footing

Key Takeaways Crocs raised its full-year guidance but issued a third-quarter earnings projection below analysts' expectations. The footwear company posted record revenue and earnings in the second quarter. Part of the problem: A weak sales outlook for its Heydude brand, where it expects to pick up its marketing work in the second half. Crocs (CROX) delivered record revenue and earnings with its second-quarter results, but an underwhelming profit projection put a damper on the footwear company's momentum. Th ...