Crocs rockets 30% as demand for clogs drives surprise profit


Shares of shoemaker Crocs rallied 27 percent Thursday after CEO Andrew Rees said strong clog sales helped the company post a surprise profit in the third quarter.

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“Clogs grew in every region. Our North American results were particularly strong as interest in our Classic Clog continued to climb,” Rees said Thursday. “It’s a staple for every day and on top of that, it was embraced by high school and college-aged students…

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