According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- the nature and sustainability of HEYDUDE’s revenue growth by concealing that 2022 revenue growth was driven, in large part, by Crocs’ efforts to stock third-party wholesalers and retailers following the February 2022 acquisition of HEYDUDE;
- as Crocs’ retail partners began to destock this excess inventory, waning product demand further negatively impacted Crocs’ financial results; and
- that, as a result, defendants’ representations about Crocs’ business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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