Business is on a roll for Crocs Inc. (Nasdaq: CROX)! The company's namesake Crocs shoe brand saw second quarter 2022 sales increase 19% year over year. That's impressive considering that 2021 was a stellar year for the company. In fact, 2021's annual revenue far and away beat any figure that Crocs had previously recorded, thanks to Crocs' acquisition of the new Hey Dude brand, which went on to post explosive 96% growth in the second quarter of 2022. But while Crocs' sales are growing rapidly, Crocs' share price (like those of many companies) has had a tough go in 2022, down half from its peak in November 2021. It all begs the question: Does Crocs represent a good value today? |
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