Crocs, Inc. (CROX) Is A Company That’s “Just Falling Apart,” Says Jim Cramer

We recently published 10 Stocks Jim Cramer Discussed As He Warned About Samsung’s Phones. Crocs, Inc. (NASDAQ:CROX) is one of the stocks Jim Cramer recently discussed.

Crocs, Inc. (NASDAQ:CROX) is an American footwear company that sells sandals, boots, sneakers, and other items. Its shares have lost 29.6% year-to-date after a whopping 29% drop in August. The share price drop was the worst in 14% and it came after the firm’s second quarter earnings report. The results saw Crocs, Inc. (NASDAQ:CROX) warn that its revenue could drop by as much as 11% during the current quarter due to changing consumer tastes, hesitant consumer spending, and tariffs. Cramer discussed Crocs, Inc. (NASDAQ:CROX)’s guidance:

“David, you look at Crocs. . .there are some companies that are just falling apart. I mean Crocs gave you guidance minus nine and minus eleven. That’s not a split, that’s actual. . .I mean I’m just pointing out there are just some true disasters.”

Copyright: dotshock / 123RF Stock Photo

Here are Cramer’s earlier thoughts about Crocs, Inc. (NASDAQ:CROX):

“You know what? I’m going to say something you never hear me say. Crocs and Deckers, I’m giving you two, it’s a twofer. Crocs and Deckers, too hard. You know what? There’s no sin in saying it’s too hard…. Too hard, too hard.”

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Disclosure: None. This article is originally published at Insider Monkey.