Crocs Lifts Outlook as Growth Shifts Overseas: Rapid Earnings Reaction
Crocs (NASDAQ: CROX) raised its full-year outlook for the third consecutive time after overseas growth and a return to growth at HEYDUDE helped third-quarter revenue rise 4.6%. Profitability improved, too. Adjusted operating income grew 11.7%, outpacing sales. But a one-time tariff refund and a smaller share count made the headline earnings gains look stronger than the underlying improvement. Revenue: $1.04 billion, up 4.6%. Continue reading