Crocs: The Immaculate Trifecta Helps Ensure Full Speed Ahead

Apr. 10, 2024 10:33 AM ETCrocs, Inc. (CROX) StockCROX8 Comments

Summary

  • Crocs has outperformed the S&P 500 and Nasdaq 100 YTD, with strong revenue and earnings growth in its Crocs Brand, where all its product lines continue to gain market share.
  • The HEYDUDE segment has seen slower growth, but the company hopes to replicate the success of the Crocs Brand, as it expands its outlet retail strategy, while stabilizing gross margins.
  • The company expects to see revenue and earnings slowdown in FY24, but the management’s focus on product innovation, international growth and margin expansion, makes the stock a "buy".

Sandles in the Summer Sand

GordonsLife

Introduction & Investment Thesis

Crocs (NASDAQ:CROX) is a casual lifestyle footwear and accessories company that has outperformed the S&P 500 and Nasdaq 100 YTD. The company released its Q4 FY23 earnings report in February, where revenue and

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CROX over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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