{"id":654144,"date":"2024-10-28T00:00:00","date_gmt":"2024-10-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/28\/crocs-has-gone-from-being-a-fashion-faux-pas-to-a-stock-market-standout\/"},"modified":"2024-10-28T00:00:00","modified_gmt":"2024-10-28T00:00:00","slug":"crocs-has-gone-from-being-a-fashion-faux-pas-to-a-stock-market-standout","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/28\/crocs-has-gone-from-being-a-fashion-faux-pas-to-a-stock-market-standout\/","title":{"rendered":"Crocs has gone from being a fashion faux pas to a stock market standout"},"content":{"rendered":"

Crocs is one of the year\u2019s best-performing stocks. <\/strong>The colorful foam clogs<\/a> shares are up<\/a> 43.2% YTD, surpassing other big names in footwear like Nike, whose shares are down 26.0% in the same period. The humble colorful foam clogs company has also outperformed leading Big Tech stocks from Google parent company Alphabet, Apple, and Microsoft, the Financial Times<\/a> points out.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The popularity is in its practicality: <\/strong>Although a long-time hit amongst nurses, chefs, pool cleaners, and others working in the food services, medical industry, and hospitality, the characteristically unaesthetic plastic clogs found a new and growing customer base following Andrew Reese taking over the company in 2017. The shoes \u2014 described by the salmon-colored paper as a \u201ccollision between a flip-flop and a plastic colander \u2014 through partnerships with pop stars, rappers, and fried chicken franchises quickly made their way into the cool list.<\/p>\n

Crocs also got a pandemic glow-up:<\/strong> Between 2019 and 2022, annual sales tripled<\/a> to nearly USD 3.6 bn, and the company is expected to pull in USD 4.1 bn in revenue this year \u2014 assumingly from everyone\u2019s desire for more comfortable footwear as many of us worked from home.<\/p>\n

We\u2019re still far from seeing peak Crocs: <\/strong>Even with an impressive rise in share price since the start of the year, Crocs\u2019 stock remains relatively undervalued, especially when compared to rivals in the footwear industry, according to the FT. On top of this, the prospect of Crocs turning around its HeyDude subsidiary could see the footwear company pushing its stocks even higher.<\/p>\n","protected":false},"excerpt":{"rendered":"

The colorful foam clogs company\u2019s shares are up 43.2% YTD<\/p>\n","protected":false},"author":1,"featured_media":654145,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[102,633,8297,638],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-654144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-capital-markets","tag-enterprisepm","tag-fashion","tag-for-your-commute","wpautop","entry"],"acf":{"mongo_id":"e4bbb70e-0f4b-4f63-9d29-8f66d4e7befb","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2408.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[654139],"teaser":"The 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Chinese shares, which make up a third of the index\u2019s weighting, sold off this week after rumors that US\u2026","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631805,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/631805\/","url_meta":{"origin":654144,"position":4},"title":"EGP \/ USD CBE market\u2026","author":"enterpriseam admin","date":"27 March 2018","format":false,"excerpt":"EGP \/ USD CBE market average: Buy 17.5853 | Sell 17.6831 EGP \/ USD at CIB: Buy 17.58 | Sell 17.68 EGP \/ USD at NBE: Buy 17.55 | Sell 17.65 EGX30 (Monday): 17,104 (+0.7%) Turnover: EGP 1.7 bn (48% ABOVE the 90-day average) EGX 30 year-to-date: +13.8% THE MARKET\u2026","rel":"","context":"In "The Market Yesterday"","block_context":{"text":"The Market Yesterday","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-market-yesterday\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632274,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/06\/632274\/","url_meta":{"origin":654144,"position":5},"title":"EGP \/ USD CBE market\u2026","author":"enterpriseam admin","date":"6 February 2018","format":false,"excerpt":"EGP \/ USD CBE market average: Buy 17.6205 | Sell 17.7205 EGP \/ USD at CIB: Buy 17.60 | Sell 17.70 EGP \/ USD at NBE: Buy 17.59 | Sell 17.69 EGX30 (Monday): 14,962 (+0.6%) Turnover: EGP 1.0 bn (11% BELOW the 90-day average) EGX 30 year-to-date: +0.6% THE MARKET\u2026","rel":"","context":"In "The Market Yesterday"","block_context":{"text":"The Market Yesterday","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-market-yesterday\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=654144"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/654144\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/654139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/654145"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=654144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=654144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=654144"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=654144"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=654144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}