.August 20, 2024 04:17:35 AM

Crocs reported impressive second-quarter results, with a 4% increase in sales to $1.1 billion and a 12% spike in EPS to $4.01. The company’s gross profit growth surged by 30.62%, with net income growth at 50.15%, showcasing operational efficiency and profitability. Despite trading at 9.9X forward earnings, Crocs is considered undervalued, with a Zacks Rank #3 (Hold) and potential for an upgrade due to positive earnings estimate revisions and a strong financial position. Crocs has outperformed competitors in the Zacks Textile-Apparel Industry, maintaining an upward trajectory in a volatile market environment.