Pivotal Point Tracking Crocs (CROX): HEYDUDE turnaround leads to record numbers and $1.2 billion buyback program!

Crocs, the provider of innovative casual footwear, triggered a Pivotal Point on February 12. The company reported a record revenue of $4.3 billion for the past fiscal year, representing a growth of 10%. Particularly, the core brand Crocs shone with an increase of 12%, while the operating margin remained impressively stable at 28%. Despite a challenging consumer environment, Crocs was able to boost earnings per share to $12.85 and significantly exceed market forecasts. The management also announced a share repurchase program worth $1.2 billion. ...