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Why Crocs Shares Popped Today

TheMotleyFool

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After Crocs (NASDAQ: CROX) reported a record second quarter today, the stock of the leisure footwear maker is running. As of 11:15 a.m. EDT on Thursday, its shares were 7.8% higher, slightly off the morning's highs. With today's gains, Crocs shares have more than doubled year to date.

The company reported that second-quarter revenue jumped 93% over the prior-year period. Record quarterly revenue of $640.8 million was driven by 136% growth in the Americas region. But the Asia Pacific and Europe, Middle East, and Africa (EMEA) regions also grew 27% and 53%, respectively. The strong results led the retailer to increase its full-year revenue growth and operating margin guidance.

Source Fool.com

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