Monday, May 10News That Matters

Tag: Crocs

Crocs shares wing as shoe maker raises 2021 sales outlook, sees enlighten of 40% to 50%

Latest
Crocs store in New York City.Michael Brochstein | SOPA Images | LightRocket | Getty ImagesCrocs shares shot up bigger than 16% Tuesday after the shoemaker increased its earnings outlook for the stout year and reported narrative first-quarter sales. CEO Andrew Rees said query for the Crocs trace is "stronger than ever" across the arena. Some enjoy called Crocs the "it" shoe of the pandemic, because the clog grew to change into a closet staple for customers seeking comfort at home. However it indubitably had viewed momentum rising even sooner than Covid, thanks to fashionable collaborations and restricted-model drops with celebrities including Justin Bieber, Post Malone and Priyanka Chopra.Here's how the shoemaker did for its quarter ended March 31, compared with what analysts were making a...