Crocs Inc is a global footwear company renowned for its innovative, comfortable, and versatile products, particularly its distinctive clogs made from a proprietary foam material
The brand has expanded its offerings to include various styles of casual and functional footwear for men, women, and children, as well as a range of accessories and apparel. With a focus on casual, easy-to-wear designs, Crocs emphasizes a fun, playful approach to fashion while promoting sustainability through various eco-friendly initiatives in its manufacturing processes. The company has built a strong presence both in retail stores and online, appealing to a diverse customer base around the world.
This doesn’t happen often but I totally dodged a bullet by sheer chance. You see, on January 6th I went long CROX $125 puts expiring in September. Yesterday, I sold them at about a 65% profit.
Shares of footwear company Crocs (NASDAQCROX)
jumped 21% in the pre-market session after the company delivered solid fourth-quarter 2024 results, surpassing analysts' revenue, EPS, and EBITDA estimates. Revenue increased by 3.1%, led by a 4% rise in the core Crocs brand, while HEYDUDE sales remained flat. Strength in direct-to-consumer sales, particularly in China and North America also helped offset weaker wholesale performance.
Footwear company Crocs (NASDAQCROX) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 3.1% year on year to $989.8 million. On the other hand, next quarter’s revenue guidance of $905.8 million was less impressive, coming in 2.3% below analysts’ estimates. Its non-GAAP profit of $2.52 per share was 11.3% above analysts’ consensus estimates.
Wall Street climbed on Thursday, even as the Producer Price Index (PPI) sharply exceeded estimates in January, reigniting concerns over persistent inflationary pressures.
