Crocs released important financial details and Herbalife nutrition adjusted their outlook
Crocs is an iconic shoe company on the outskirts of Denver, Colorado. They sell casual shoes, the most famous of which is a hybrid of shoes and slides with “crocodyl” holes throughout. They are one of the most valuable shoe companies with a market capitalization of $ 9,139 million.
On Tuesday, Crocs made several announcements. They expect to generate about $ 5 billion in revenue by 2026, while at the same time announcing new bio-based Crocs shoes that will be the first step towards becoming carbon-neutral. Finally, they announced a new repurchase target of $ 500 million by the end of the year. This is very important. With all this news, Crocs closed the day with an 8.47% increase to $ 149.38.
Herbalife Nutrition is a food company that specializes in nutritional products for everyday citizens, including weight management products. They are located in Los Angeles, California and have a market capitalization of $ 4,945 million. You may have heard of it from the fight with Bill Ackman and the connection with Carl Icahn.
On Tuesday, Herbalife adjusted its outlook for the next quarter, which was even worse. Due to uncertainty about the pandemic, they adjusted their earnings forecast to $ 1.05. This is a 5 cent decrease, and so is your bottom line. They also said that their independent distributors were less active, meaning that their products were not sold very well. At the end of Tuesday, Herbalife closed at $ 42.78, down 21.13%.
I am not a financial adviser. My comments should not be taken as financial advice. There are risks associated with investing, so be sure to conduct a survey and analysis in advance.
Crocs released important financial details and Herbalife nutrition adjusted their outlook 📉
https://invstr.com/15-september-watchlist-3/ Crocs released important financial details and Herbalife nutrition adjusted their outlook 📉