{"id":236733,"date":"2021-04-27T18:43:33","date_gmt":"2021-04-27T15:43:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crocs-shares-hit-all-time-high-as-pandemic-fuels-demand\/"},"modified":"2021-04-27T18:43:33","modified_gmt":"2021-04-27T15:43:33","slug":"crocs-shares-hit-all-time-high-as-pandemic-fuels-demand","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crocs-shares-hit-all-time-high-as-pandemic-fuels-demand\/","title":{"rendered":"#Crocs shares hit all-time high as pandemic fuels demand"},"content":{"rendered":"

“#Crocs shares hit all-time high as pandemic fuels demand<\/strong>”<\/p>\n

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Crocs shares soared to an all-time high on Tuesday, goosed by an upbeat sales forecast as the coronavirus has led to an epidemic of people lounging around the house.<\/p>\n

The famously ugly clogs \u2014 which have been called the \u201cit\u201d shoe of the pandemic \u2014 are on track to increase revenues by an eye-popping 50 percent this year, the company said on Tuesday. <\/p>\n

The bold forecast sent shares of the Colorado-based company surging nearly 14 percent to an all-time record of $96.60 in early trading.<\/p>\n

Crocs sales skyrocketed 64 percent to $460 million in the quarter ended March 31 while profits were $98.4 million compared with $11.1 million a year ago, the company said. The Colorado-based company says sales in the second quarter are on track to increase by between 60 and 70 percent.<\/p>\n

\u201c\u201dDemand for the Crocs brand is stronger than ever,\u201d chief executive Andrew Rees said in a statement.<\/p>\n

\"Crocs\"
The company says second quarter sales are on track to increase by between 60 and 70%<\/figcaption>
Tim Graham\/Getty Images<\/span><\/figcaption><\/figure>\n

The brightly colored clogs have become a must-have during the pandemic because they are ideal for puttering around the house and for going on errands. But recent collaborations with celebrities suggest that Crocs have staying power.<\/p>\n

In October, Justin Bieber unveiled the first designs of his collaboration with Crocs<\/a> \u2013 limited edition yellow clogs priced at $59.99.\u00a0\u00a0<\/p>\n

\u201cI wear Crocs all the time, so designing my own pair came naturally,\u201d Bieber said in a statement in October. \u201cWith these Crocs, I just focused on making something cool that I want to wear.\u201d<\/p>\n

Rapp<\/a>er Post Malone also inked a deal with the clog maker, dropping his fifth collaboration in December.<\/a>\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Crocs shares hit all-time high as pandemic fuels demand” Crocs shares soared to an all-time high on Tuesday, goosed by an upbeat sales forecast as the coronavirus has led to an epidemic of people lounging around the house. The famously ugly clogs \u2014 which have been called the \u201cit\u201d shoe of the pandemic \u2014 are…<\/p>\n","protected":false},"author":1,"featured_media":236734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/04\/crocs-record-high.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[103594,71988,71109,72206,70574],"class_list":["post-236733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-27-21","tag-footwear","tag-justin-bieber","tag-post-malone","tag-shoes"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/236733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=236733"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/236733\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/236734"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=236733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=236733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=236733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}