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Die wichtigsten Erkenntnisse
- Crocs stock soared by over 20% on Thursday outperforming even the broad market.
- The shoe company's fourth-quarter and full-year revenue came in higher than analysts expected.
- Crocs expects revenue to grow by between 2% and 2.5% in 2025, even if currency rates are unfavorable.
Crocs’ (CROX ) stock jumped more than 20% on Thursday, after the company beat estimates for earnings and forecasted that revenue would grow. This year, keep up with the pace.
Crocs reported Thursday that its revenue in the fourth quarter exceeded Wall Street expectations and reached a new record of $4.1 billion for the entire year. For the fourth quarter, the company made $6.36 in diluted earnings per share (EPS) on $989.8 million in revenue—well above the analyst consensus estimate of $2.27 EPS on $962.6 million in revenue provided by Visible Alpha.
The results for the entire year were closer to what analysts expected. Crocs posted a diluted earnings per share of $15.88 on revenue exceeding $4.1 billion, which is higher than the $12.91 analysts expected.
Heydude sees improvement in Crocs’ revenue this year
This company’s forecast is for revenue to drop in the next quarter and grow between 2% and 2.5% annually by 2025. Andrew Rees stated that the forecast includes potential currency exchange rate and tariffs.
"Our fourth-quarter performance exceeded expectations across all metrics,” Rees said in a press release Thursday. “”We expect Crocs to grow at a mid-single digit rate in 2025.”
He also stated that the CEO is pleased with the “early signs of progress” made by the company. [shoe brand] Heydude for the 4th quarter” and is taking a “Why not?” approach toward 2025 guidance for the “reigniting” brand. Crocs’ third-quarter earnings beat reported in late October was overshadowed by sales weakness from the Heydude brand.
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