2023-11-22 10:07:00 ET
Crocs (NASDAQ: CROX) , the maker of those popular foam clogs, reported revenue of more than $1 billion and diluted earnings per share (EPS) of $2.87 in the three-month period that ended Sept. 30. Both headline figures were up about 6% year over year, a notable slowdown from previous quarters.
In fact, in each of the last 12 quarters (besides Q3 2023), this shoe business registered double-digit revenue growth, a stellar run. I think that track record still makes Crocs a growth stock .
Nonetheless, its shares are down 48% from their all-time high. Investors shouldn't panic, though. This is a company that should be on your radar as a potential buying opportunity.
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1 Growth Stock Down 48% to Buy Right Now