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Crocs Stock Jumps 25% After Earnings Beat. Pokémon Clogs Are the Next Test

Crocs stock jumped more than 25% after a Q3 earnings beat. A Pokemon 30th anniversary clog pack now tests whether holiday demand holds up.

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By Dextape Desk ·

Crocs shares climbed over a quarter on October 29, following a third-quarter report that exceeded analyst expectations and included a higher outlook. Management lifted its full-year profit forecast, crediting expansion in several brands and geographic markets. HeyDude, the casual shoe brand Crocs owns, went back to posting sales increases. Demand from abroad lifted the flagship label, whereas revenue in North America fell. Despite the gain, the share price remains roughly where it was five years ago. The company intends to release Pikachu and Gengar Classic Clogs, along with a Jigglypuff Platform Clog, on November 16 to celebrate Pokemon's 30th anniversary. The company expects faster growth in the holiday quarter, the next test of demand.

Why it matters: The Pokemon tie-in and the coming holiday-quarter results show how licensed collectibles and Pokemon card markets are attracting attention beyond their usual categories.

Summary by Dextape, based on reporting by BeInCrypto. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.

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The Dextape Desk signs Dextape's own work: briefs on wire stories, the daily market report and desk analysis. Briefs are written by an AI model from the publisher's article text and checked automatically for copied wording, unsupported figures and investment advice before they appear. AI drafts from the editorial desk need corroborating sources and an editor's review before release.

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