UBS analyst Jay Sole noted that market attention is centered on the trajectory of Crocs brand 's North America revenue growth rate, with the firm's checks indicating "lackluster" third-quarter sales growth in this key region. The investment bank's conversations with investors suggest a similar market view regarding North American sales performance, while noting that Crocs reaffirmed its third-quarter guidance on September 3. UBS expects Crocs may provide a conservative fourth-quarter earnings outlook, consistent with the company's historical guidance patterns, and doubts the upcoming earnings report will significantly change Street estimates or investor sentiment. The options market is pricing in a potential 7.7% share price move following earnings, below the historical average move of 10.8%, a view UBS agrees with given the balanced upside and downside potential surrounding the event.