Crocs Expects Q4 2023 Revenues To Grow Over 1% Y/Y, Above Its Guidance For Decline Of (4%) To (1%)
Portfolio Pulse from Benzinga Newsdesk
Crocs, Inc. has projected its Q4 2023 revenues to increase by over 1% year-over-year, surpassing its previous guidance which anticipated a decline of 4% to 1%.
January 08, 2024 | 12:03 pm
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Crocs, Inc. expects Q4 2023 revenues to grow over 1% Y/Y, which is above its previously forecasted decline of 4% to 1%.
The positive revenue growth projection for Q4 2023 by Crocs is a significant improvement over the company's prior guidance, which predicted a decline. This update is likely to be viewed favorably by investors and could lead to a short-term increase in the stock price, as it suggests better-than-expected financial performance and potential market strength.
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