This Hot Footwear Stock Is Crushing Nike in 1 Key Metric
Since the start of 2021, both Nike (NYSE: NKE) and the S&P 500 have gained roughly 25%. While returns like this would otherwise be cheered by investors, a lesser-known, under-the-radar footwear stock has produced a year-to-date return of 188%. Shareholders can thank soaring revenue and profit for Crocs' (NASDAQ: CROX) remarkable price appreciation. Not only have its shares significantly outperformed the global athletic apparel juggernaut, but Crocs also leads in one very important financial metric. Let's take a look at what that is.
Image source: Getty Images.
In the most recent quarter, Crocs' gross margin was an impressive 63.9% compared to Nike's 46.5%. And this isn't just a one-time phenomenon. Except for two separate quarters, Crocs has carried a better gross margin over the past decade. Why is this important? Read on.
Source Fool.com
