Crocs Stock Jumps 25% After Earnings Beat. Pokémon Clogs Are the Next Test

Crocs stock jumped more than 25% on October 29 after the footwear maker beat third-quarter earnings forecasts and raised its outlook. A Pokémon 30th anniversary clog collection, expected on November 16, now offers the next read on demand. The quarterly numbers are now public, however. Shareholders need proof that sales hold up in the holiday quarter, where Crocs targets faster growth than in the summer months. Why Crocs Stock Jumped Before Pikachu Arrived Crocs reported higher quarterly revenue and earnings that topped analyst forecasts, its results show. Management also raised its full-year profit outlook, citing growth across brands and regions. HeyDude, the casual shoe brand Crocs owns, returned to sales growth. Meanwhile, international demand carried the Crocs brand, while North American sales slipped.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to BeInCrypto.