As the CROX stock was dropping, Director John Replogle bought 1,996 shares of the CROX stock for an average price of $123.95. In total, the transaction was worth $247,420. This also marked the first insider buy on CROX since March 14.
Better, the CROX stock is starting to pivot higher after beating earnings. Its second quarter EPS of $4.01 beat by 44 cents. Revenue of $1.12 billion beat by $20 million.
Better, according to CEO Andrew Rees, “Based on the strength of our second quarter, we are lifting our operating margin and earnings per share outlook for the fiscal year while maintaining our revenue guidance. Our terrific cash flow generation provides us the flexibility to reinvest in our business, pay down debt and repurchase shares.”
