Crocs’ Ghost Office in Malta: The New Way U.S. Companies Dodge Taxes
Crocs claims all global profits from a two-person Malta office, saving $218.6 million in 2023 taxes; shares slide after report.
Crocs claims all global profits from a two-person Malta office, saving $218.6 million in 2023 taxes; shares slide after report.
Crocs reports record $1B brand revenue and raises 2026 guidance after strong Q2, but investors sell off shares amid disappointing Q3 profit guide.
Crocs' latest earnings beat Wall Street forecasts, with strong international growth and cost savings fueling optimism for 2026. Shares surge 19% on better-than-expected results.