Crocs withdraws its forecast, pointing to uncertainty in trade.

Crocs has withdrawn its annual guidance due to uncertainties in the global trade environment and business conditions, as stated by CEO Andrew Rees. The company's first-quarter revenues remained flat, and they, along with 75 other footwear brands, have urged the Trump administration for tariff exemptions. A 10% tariff could add $45 million in costs annually, while a 145% tariff on China could increase costs to $130 million. Although recent U.S.-China negotiations may ease some tariffs, ongoing uncertainty complicates planning, prompting Crocs to diversify sourcing and reduce expenses by $50 million while considering price increases.