US EditionFootwear Giant Crocs Reports $492M Loss, Shares Stumble
UNITED STATES, AUG 8 – Crocs faces a $492 million loss and a 30% share drop due to cautious consumer spending and tariff impacts despite a 3% revenue rise in Q2 2025, the company said.
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Crocs US sales tumble as shoppers choose trainers - Kahawatungu
Crocs’ share price plunged after the rubber clog-maker revealed a fall in US sales as shoppers chose to spend on trainers ahead of the World Cup and the Olympics. The footwear became a stay-at-home staple during the Covid pandemic and has remained relevant as celebrities embraced the “ugly” shoe aesthetic. However, North American consumers are buying into a “clear athletic trend” ahead of next year’s football World Cup in the US, Mexico and Cana…
Shares of American footwear maker Crocs fell nearly 30 percent on Thursday, mainly on the back of a surprise outlook for a nine to 11 percent decline in sales in the current quarter. In addition, CEO Andrew Rees said in a conference call with analysts that American consumers are being cautious about non-essential spending. Crocs expects tariffs imposed by US President Donald Trump to cost it $40 million in the second half of the year. Concerns a…
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