BUZZ-Crocs surges after beating quarterly estimates on strong demand

Updates

Casual footwear maker Crocs' CROX.O shares jump as much as 24.6% to $110.65

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

*Stock set for its best day since January 8, 2024

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

*Annual outlook embeds potential U.S. tariffs on China, Mexico, CROX says

Expect the share of enterprise imports into the U.S. from China to be about 15%; exposure to Mexico is expected to be under 4% - company executives on post-earnings call

Stock gained 17% in 2024