Crocs Q3 Sales Down Amid Heydude Struggles and Wholesale Demand Softening.

Crocs reported Q3 revenues of $996m, up from $836m YoY, but operating income fell 23% to $208m. Heydude's revenue dropped 21.6% to $160m, while the Crocs brand saw a 2.5% decrease to $836m. The company expects Q4 revenues to decline around 8% YoY, with adjusted operating margin at 15.5%.