Crocs is not the only company to attribute financial woes to the weather. Recently, Coca-Cola said its sales of soda were dampened by “historically wet and cold weather conditions.” Whole Foods said its customers were making fewer grocery trips because the cold weather made them want to stay indoors.
And Clorox, the consumer products group that owns the Kingsford charcoal brand, said that the unusually cold spring meant fewer consumers were lighting up the grill, knocking down its sales of charcoal. “The U.S. had the coldest March weather in more than 10 years, which led to double-digit volume and sales declines in our Charcoal business,” said Chairman and CEO Don Knauss in a statement.