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Why Crocs Stock Gained 17% in July

·1-min read
Why Crocs Stock Gained 17% in July
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Crocs (NASDAQ: CROX) shareholders outpaced a booming market last month, with shares jumping 17% compared to the 2.3% increase in the broader market, according to data provided by S&P Global Market Intelligence. Crocs said on July 22 that sales soared 93% to $641 million in the fiscal period that ended in late June. "We continue to see strong consumer demand for the Crocs brand globally," CEO Andrew Rees said in a press release.

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