Crocs surges after beating Q4 estimates on strong demand
13/02/2025 12:32
** 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
(Reporting by Savyata Mishra in Bengaluru)
((Savyata.Mishra@thomsonreuters.com))