Crocs shares surge as clog maker posts another record-breaking quarter

Crocs shares surged more than 10 percent on Thursday after the clog maker reported another record-setting quarter.

The company’s clunky-yet-comfy shoes, previously known for being popular among chefs and medical professionals, have become a pandemic staple as consumers putter around the house in their sweats. Crocs’ sales soared by 93 percent to $640 million and profits grew to $319 million as of June 30, up more than fivefold from $57 million a year ago.