The Shoes May Be Ugly But the Stock Is Beautiful
Have you been watching Crocs (NASDAQ: CROX) these days? The stock hit all-time highs on Wednesday, fueled by another blowout quarterly report earlier in the week. If this all seems wild to you just because your last pair of the company's foam clogs has been collecting dust in a high shelf of your closet for more than a decade, you may want to grab a step stool and try them on for size again.
Crocs are hot again. Don't laugh. It's true. Did you see the Oscars on Sunday night? Musical director Questlove was the talk of the red carpet with his shiny gold Crocs. Whether it's the pandemic that has emphasized comfort over fashion or it's just time to admit that some fads never truly die, the renaissance is real here. Crocs has posted three consecutive quarters of record revenue, and the scary thing is that it's just getting started.
Image source: Crocs.
Source Fool.com
