Investors have been selling off the stock throughout the morning trading hours.
Now, here’s something investors can get excited about.
The discount retailers are feeling bullish about the brick-and-mortar channel.
The company’s management plans to ramp up discounts and promotions in a bid to excite shoppers.
Fourth-quarter sales for the company fell nearly 2 percent to $1.13 billion.
The retailer’s comparable sales also declined 1.3 percent.
The retailer’s profit and comparable sales were better than expected.
Spooked investors — who have grown weary of D-store challenges — may have expected a stronger beat and raised a guidance from both firms.
Despite better-than-expected Q2 performance, skeptical investors have been selling off the firm’s stock.
Crocs’ efforts to revitalize a sluggish business are, once again, paying off.