Crocs Investors Getting Comfortable with 25 Million Pairs Sold in a Quarter
Crocs (NASDAQ: CROX) reported another fantastic quarter last month. The $11 billion shoe-making enterprise registered sales of $625.9 million and net income of $153.5 million during Q3, financial results that crushed Wall Street's expectations. The company's stock price is up about 19% since the earnings announcement on Oct. 21 and about 182% since the start of the year.
The business sold over 25 million pairs of shoes just in this three-month period. That astronomical figure illustrates just how popular the brand has become. It's also a confirmation of why investors have taken notice of this top footwear stock in 2021.
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Source Fool.com
