Crocs rallies as its profit view tops estimate on core footwear brand growth
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Crocs Inc. (CROX) sees a positive outlook as its core footwear brand is expected to grow by 4.5% in 2025, despite a decline of up to 9% in its smaller HeyDude line. This growth projection has led to a rally in Crocs' stock.
February 13, 2025 | 1:15 pm
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Crocs Inc. (CROX) is experiencing a stock rally due to a positive profit outlook driven by a 4.5% growth projection in its core footwear brand by 2025, despite a decline in the HeyDude line.
The positive growth projection for Crocs' core brand outweighs the decline in the HeyDude line, leading to a rally in CROX stock. Investors are likely focusing on the overall growth potential.
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