3 Reasons Crocs' Ambitious Growth Projections Might Be for Real

Here's a sentence I never thought I'd write: Crocs (NASDAQ: CROX) is the global leader in clogs, and clogs are picking up steam. With casual wear on the rise, the company thinks its market leadership will translate into huge sales growth over the next five years. Specifically, on the company's investor day, Crocs' management shared that they think sales will reach $5 billion by 2026, representing average annual growth of 17% based on the midpoint of its full-year 2021 revenue outlook (pegged at $2.25 billion).