Crocs' shift to 'pull model' could boost profits: Analyst
02/16/2024 01:39
Shares of Crocs (CROX) are up Thursday after reporting better-than-expected fourth-quarter earnings and record annual profit. Williams Trading Equity Analyst Sam Poser joins Yahoo Finance Live to discuss the results, noting Crocs is "moving in the right direction". Poser says the biggest earnings "surprise" was the company's gross margins. He highlights Crocs' shift towards an "aggressive pull model" that could further boost margins. Poser also acknowledges their newly acquired Hey Dude brand is "stabilizing" after initial struggles. Looking ahead, Poser states Crocs' long-term marketing strategies, driving short-term revenue gains, could continue to lift profits. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Shares of Crocs (CROX) are up Thursday after reporting better-than-expected fourth-quarter earnings and record annual profit. Williams Trading Equity Analyst Sam Poser joins Yahoo Finance Live to discuss the results, noting Crocs is "moving in the right direction".
Poser says the biggest earnings "surprise" was the company's gross margins. He highlights Crocs' shift towards an "aggressive pull model" that could further boost margins. Poser also acknowledges their newly acquired Hey Dude brand is "stabilizing" after initial struggles.
Looking ahead, Poser states Crocs' long-term marketing strategies, driving short-term revenue gains, could continue to lift profits.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith