Retail

Crocs (CROX) Q1 2021 earnings beat

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Crocs store in New York City.

Michael Brochstein | SOPA Images | LightRocket | Getty Images

Crocs shares shot up more than 11% in Tuesday’s premarket after the shoemaker increased its revenue outlook for the full year and reported record first-quarter sales.

CEO Andrew Rees said demand for the Crocs brand is “stronger than ever” across the world. Some have called Crocs the “it” shoe of the pandemic, as the clog became a closet staple for consumers seeking comfort at home. But it had seen momentum growing even before Covid, thanks to popular collaborations and limited-edition drops with celebrities including Justin Bieber, Post Malone and Priyanka Chopra.

Here’s how the shoemaker did for its…



Source cnbc.com

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