BUZZ-Crocs surges after beating Q4 estimates on strong demand
ReutersFeb 13, 2025 12:32 PM
Casual footwear maker Crocs' CROX.O shares jump nearly 19% to $105.49 premarket
Company posts Q4 consol revenue of $990 million, beating estimates of $961.92 million - data compiled by LSEG
Says sales driven by outperformance in North American business as well as growth in China
Adjusted earnings per share of $2.52 also above expectations
Expects 2025 revenue growth of about 2% to 2.5%, compared with analysts' expectations of 2.2%, pressured by a forecasted 7% to 9% decline in Heydude brand
"We are taking a prudent approach to how we shape 2025 guidance for Heydude as we focus on reigniting the brand" - CEO Andrew Rees
Stock gained 17% in 2024
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