Why Is Everyone Talking About Crocs?
There's a lot going on with Crocs (NASDAQ: CROX) these days. The maker of cozy, distinctive, and -- yes -- polarizing footwear posted mixed financial results earlier this month. It was a problematic "beat and lower" scenario where Crocs blasted through quarterly expectations, while also hosing down its full-year outlook.
That rare occurrence has been somewhat common this earnings season. There's a fair amount of foggy uncertainty when it comes to companies at the mercy of consumer spending in this tricky climate. However, with Crocs trading at an earnings multiple in the single digits and growing even its organic sales at a double-digit pace, it's an intriguing situation with a lot of upside. Let's walk a mile in a Crocs investor's shoes.
Image source: Crocs.
Source Fool.com
