Why Crocs Stock Popped Today
Shares of Crocs (NASDAQ: CROX) skyrocketed 20.3% on Monday after the footwear company updated its fourth-quarter and full-year 2023 outlook citing strong holiday-season sales.
In a press release Monday morning, Crocs told investors it now expects fourth-quarter 2023 revenue to increase 1% year over year, well above previous guidance for a decline of negative 4% to negative 1%. Crocs' fourth-quarter strength was driven entirely by its namesake brand, which grew sales nearly 10% and more than offset a 19% decline from its HEYDUDE segment.
Crocs' CEO Andrew Rees called it a "successful holiday season with market share gains for both brands."
Source Fool.com
Crocs Inc. Aktie
111,50 €
0,47 %
Leichte Kaufneigung bei Crocs Inc., mit mehr Buy- als Sell-Einschätzungen.
Ein positives Kurspotenzial für Crocs Inc. ist gegeben, mit einem Kursziel von 131 € über dem aktuellen Kurs von 111.5 €.
