CROX misses Q2 EPS estimate
CROX Q2 EPS misses estimate at $4.23
CROX shares fall -13% premarket as Q2 adj EPS $4.23 misses the $4.34 estimate on lower margins of 25.1%, lower than last year's 26.9% and guided Q3 revs to be flat compared with a year ago, while adjusted EPS expected to be $3.20 to $3.30 (below estimates of rev growth +2.4% and EPS $3.53) - adds to weakness in footwear already after ADDYY weakness as qtr operating profit in the April to June period rose by 5% to €574M but came in below an analyst consensus of €623M, weighed down by marketing spend.