Crocs shares hit all-time high as pandemic fuels torrid demand

Crocs shares soared to an all-time high on Tuesday, goosed by an upbeat sales forecast as the coronavirus has led to an epidemic of people lounging around the house.

The famously ugly clogs — which have been called the “it” shoe of the pandemic — are on track to increase revenues by an eye-popping 50 percent this year, the company said on Tuesday. The bold forecast sent shares of the Colorado-based company surging nearly 14 percent to an all-time record of $96.60 in early trading.