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Crocs Stock Gains on Upbeat Forecast for Sales

Crocs is heavily exposed to malls, which consumers have been avoiding.
Victor J. Blue/Bloomberg
Crocs
is rising early Tuesday, a day after the footwear maker provided a very upbeat sales outlook.
On Monday, Crocs (ticker: CROX) said it expected fourth-quarter revenue to come in between $407 million and $410 million, well above the $378 million that analysts were expecting. In addition, it sees revenues rising 20% to 25% for 2021, putting them at roughly $1.66 billion to $1.73 billion, again far ahead of the $1.35 billion consensus estimate on Wall Street.
Crocs stock was up 2% to $76.48 in early trading, after rising on Monday as well. The fourth-quarter guidance is particularly impressive, given that people spend less time outside during the winter, and tend to favor heavier footwear when they do go out. Add in the fact that Crocs is heavily exposed to malls, which consumers have been avoiding, and the news is a testament to the company’s ....

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athletic apparel

Nike Inc (NYSE: NKE) is in for a long-term run of sales growth that will make it more valuable over the next few years, UBS said Monday.
The Nike Analyst
UBS analyst Jay Sole upgraded Nike from Neutral to Buy and raised the price target from $103 to $136.
The Nike Thesis
Sole said he thinks the. Read More. ....

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Athletic | Benzinga

Shares of Lululemon Athletica inc. (NASDAQ: LULU) were trading slightly higher early Friday morning, despite a bullish note by analysts at Oppenheimer.
Oppenheimer s consumer/specialty retailing analyst Anna Andreeva reiterated an Outperform rating on Lululemon s stock with an unchanged $75 price. Read More.
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Nike Stock Is Soaring Because Wall Street Is Cheering Strong Earnings

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Nike stock is jumping as investors cheer its upbeat fiscal-second-quarter report, which demonstrated that the athletic giant’s pandemic momentum continues.
After the bell Friday, Nike (ticker: NKE) said it earned 78 cents a share on revenue that rose 7% year over year on a constant currency basis to $11.2 billion. Analysts had predicted EPS of 63 cents on revenue of $10.55 billion. The company saw digital sales soar by triple digits in North America.
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Nike Stock Is Soaring Because Wall Street Is Cheering Strong Earnings
Nike stock is jumping as investors cheer its upbeat fiscal-second-quarter report, which demonstrated that the athletic giant’s pandemic momentum continues. ....

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