Crocs Stock Jumps on Record Revenue as Demand for Its Footwear Kicks Up Sales

Key TakeawaysCrocs posted record revenue for the first quarter and raised its guidance on soaring demand for its eponymous shoe brand.Crocs brand sales rose 14.6% in the latest quarter, but they slid 17.2% for the company's Heydude brand.Crocs raised its 2024 outlook for earnings per share, while lowering its expectations for Heydude brand revenue. Crocs (CROX) shares gained more than 7% Tuesday as the footwear maker posted record sales and boosted its guidance on “robust consumer demand" for its eponymous ...