This Booming Footwear Brand Excels Where It Matters Most
As consumers searched for footwear with a combination of affordability, comfort, and style throughout the pandemic, Crocs' (NASDAQ: CROX) business soared. And the momentum hasn't faded just yet.
The maker of popular foam clogs posted first quarter revenue and adjusted earnings-per-share growth of 43.5% and 37.6%, respectively. Management cites strong demand as we look ahead. Crocs' most impressive financial metric, though, might be its 49.2% gross margin. Not only is this figure higher than that of competitors like Nike, Under Armour, Skechers, and Steve Madden, but it also highlights just how profitable Crocs has become.
Investors might want to seriously consider this booming footwear stock that currently trades for a ridiculously cheap price-to-earnings (P/E) ratio of just under 5.
Source Fool.com
