Crocs Shares Surge Following Raised Forecast
Crocs shares surged about 27 percent after the footwear maker raised its annual revenue forecast. The upbeat outlook was driven by a turnaround at its HEYDUDE brand and steady demand for its clogs.
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Crocs Inc shares surged 27% on Thursday afternoon after the footwear maker raised full-year forecasts, driven by a turnaround at its HEYDUDE brand. The gain pushed the stock to $151.82, marking its highest level in two years.
