Why Crocs Stock Gained 17% in July
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.