Crocs Stock Jumps 25% After Earnings Beat. Pokémon Clogs Are the Next Test

On October 29, Crocs stock gained over 25% following the shoemaker's stronger-than-expected third-quarter results and an upgraded full-year profit forecast. The company said growth across brands and regions supported the outlook; its HeyDude brand returned to sales growth, international demand lifted the Crocs brand, and North American sales declined. A Pokémon 30th-anniversary clog line, including Pikachu and Gengar Classic Clogs and a Jigglypuff Platform Clog, is scheduled for November 16 and follows an August Poké Ball clog. Crocs is targeting faster fourth-quarter revenue growth than in summer, making holiday demand and licensed releases a test after the earnings-driven jump.