Crocs, Inc. (NASDAQ: CROX) provided an update on third quarter revenue guidance on Sep. 11 that was higher than consensus estimates of $276.3 million. Crocs now projects its revenue for the current third quarter to increase 10%, or $344 million vs. the $312.8 million in the third quarter of 2019. The shoe company, known for its comfortable and trendy clogs, cited "exceptional consumer demand and strong sell through."
Here are three reasons why Crocs' business has momentum.
Image source: Crocs.
Source Fool.com