Crocs says it's on track to meet its goals despite supply chain disruptions

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Crocs Inc. CROX, -4.54% banal jumped 7.8% successful Thursday premarket trading aft the footwear institution reported third-quarter net and gross that bushed expectations. Net income totaled $153.5 million, oregon $2.42 per share, up from $61.9 million, oregon 91 cents per stock past year. Adjusted EPS of $2.47 bushed the FactSet statement of $1.87. Revenue totaled $625.9 million, up from $361.7 cardinal past twelvemonth and besides up of the FactSet statement for $606.8 million. Crocs says that it was impacted by mill closures successful Vietnam owed to COVID-19. Still, the institution says it's connected way to execute some long- and short-term goals. For afloat twelvemonth 2021, Crocs expects gross to summation betwixt 62% and 65% from $1.386 cardinal successful 2020. The FactSet statement is for gross of $2.316 billion, implying a 67.1% increase. For 2022, Crocs forecasts gross maturation of 20% compared to 2021. Crocs banal has soared 116.9% for the twelvemonth to day portion the S&P 500 scale SPX, +0.37% has gained 20.8% for the period.

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