Getting Comfortable with Crocs
Shares of Crocs (NASDAQ: CROX), the maker of colorful plastic clogs and other casual footwear, are up 10% following the company's stellar Q3 earnings report.
While the style itself may be polarizing, the company's performance is inarguable. Skeptics felt that Crocs was merely a 'work-from-home' beneficiary in 2020, but the company defied that logic as shares are up 116% year-to-date in 2021. Since CEO Andrew Rees took the helm in the summer of 2017, shares are up approximately 2000%. Has Crocs reached a high-point here or is this just the start of its journey? While it would be overly optimistic to expect the stock to return as much as it did over the past year on an annual basis, I believe Crocs can continue to be a compound growth story and reward shareholders over the next 5 years.
Image Source: Getty Images.
Source Fool.com
