by Mike Cintolo, editor Cabot Top Ten Trader
Crocs (CROX) has been making shoes from Croslite, its proprietary closed-cell resin, for more than 10 years, and with more then 100 million pairs of shoes sold, the company is thriving.
One reason is geographic expansion; the shoes are now sold in more than 125 countries, with the U.S. accounting for 48% of revenues, Asia 36% and Europe 16%.
Market News and Data brought to you by Benzinga APIsCrocs (CROX) has been making shoes from Croslite, its proprietary closed-cell resin, for more than 10 years, and with more then 100 million pairs of shoes sold, the company is thriving.
One reason is geographic expansion; the shoes are now sold in more than 125 countries, with the U.S. accounting for 48% of revenues, Asia 36% and Europe 16%.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Posted In: Consumer DiscretionaryFootwear
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