Crocs's stock soars, as sales return to growth over the holidays on strong overseas demand
Core Viewpoint - Crocs's stock surged as the company reported a return to sales growth during the holiday season, driven by strong international demand for its brand [1] Group 1: Earnings Results - Crocs's fourth-quarter revenue exceeded expectations significantly, attributed to a robust holiday performance of its namesake brand [1] - The Crocs brand experienced a 0.8% increase in sales compared to the previous year, recovering from a 2.5% decline in the prior quarter [1] - Growth in direct sales to consumers helped mitigate a decline in sales to other retailers [1]