Crocs Shares Soar On Raised Sales Outlook Through 2021

Crocs shares soared Monday after the retailer raised its outlook for the fourth quarter, and said it expects sales in 2021 to accelerate as much as 25%, building on the brand’s momentum during the holidays. The retailer’s stock was up nearly 11% in premarket trading. The shoe maker, ahead of a presentation at the annual ICR Conference, said it’s now calling for fourth-quarter sales to rise roughly 55% year over year, amounting to between $407 million and $410 million. That’s up from its prior outlook of a 20% to 30% jump. Read more at CNBC.