Solid demand, online strength and gains from the HEYDUDE acquisition raise optimism in Crocs (CROX) despite supply-chain and inflation woes.
Shares of foam clog maker Crocs (NASDAQ: CROX) were down 3.8% today as of market close. There was no specific news from Crocs to cause the pullback. According to The Conference Board's Consumer Confidence Survey, households are feeling the most pessimistic about the outlook for income, business, and labor market conditions since early 2013.
Crocs (CROX) closed the most recent trading day at $52.88, moving -1.14% from the previous trading session.