I am not surprised by this as I find Crocs one of the ugliest fads that I have ever seen. Hopefully, this suggests that we will see fewer of these ugly feet garnishes this summer!
NEW YORK - Shares of Crocs Inc. declined in Wednesday morning trading after the shoe company forecast 2008 profit and sales below expectations, and an analyst warned that inventory remains high.
The stock dropped $5, or 15.6 percent, to $27.08, after Crocs (nasdaq: CROX - news - people ) said it will earn about $2.70 per share for the year on $1.16 billion in revenue. That missed the average profit and sales estimate of analysts polled by Thomson Financial.
NEW YORK - Shares of Crocs Inc. declined in Wednesday morning trading after the shoe company forecast 2008 profit and sales below expectations, and an analyst warned that inventory remains high.
The stock dropped $5, or 15.6 percent, to $27.08, after Crocs (nasdaq: CROX - news - people ) said it will earn about $2.70 per share for the year on $1.16 billion in revenue. That missed the average profit and sales estimate of analysts polled by Thomson Financial.

