Where Will Crocs Stock Be In 3 Years?
After a pandemic-fueled surge that helped propel sales 13% in 2020 and 67% in 2021, Crocs (NASDAQ: CROX) has been facing a bit of a slowdown. Revenue was up just 15% in 2022 (excluding the HeyDude segment, which was acquired in February 2022), and in the latest period (first quarter 2023, ended March 31), it was the same story. Many businesses are seeing similar trends as consumer spending softens due to the uncertain macro environment.