Crocs' Quarter Proves Foam Clogs Are Cool Again
Crocs (NASDAQ: CROX), the maker of funky foam shoes that were all the rage in 2007, is back in a big way. Riding a wave of rekindled love for the ultra-comfortable footwear, the company has improved its fourth-quarter top line to the tune of 22%, reaching a record $263 million for the period ended in December.
Image source: Getty Images.
The organization got off to a storied start in 2003, racing to revenue of $847 million by 2007. As is often the case with companies that bolt out of the gate quickly, though, consumers grew tired of the colorful shoes made of synthetic, durable materials. The next couple of years were spent in retreat. It mustered growth again through 2013, only to once again bump into a headwind in 2014.
Source Fool.com
