Crocs Inc. (NASDAQ: CROX) is well-placed for long-term growth, backed by its business strategy and key initiatives, which are expected to deliver sustainable growth. Crocs witnesses favorable trends supported by solid consumer demand across the Crocs and HEYDUDE brands, accompanied by effective pricing actions and lower freight costs. Strong demand trends led to impressive results in the first quarter of 2024, which marked the 16th consecutive quarter of earnings beat. Additionally, the company is confident about its strategies and investments, which are expected to drive long-term market share gains. However, Crocs has been witnessing rising costs related to the HEYDUDE acquisition. Also, distribution and logistics inefficiencies have been acting as headwinds. The company expects HEYDUDE sales trends to improve each quarter, with the normalization of the sell-in and sell-through dynamic into the fourth quarter of 2024. Shares of this Zacks Rank #2 (Buy) company have risen 24.7% in the past year against the industry's 7.7% decline. The leading footwear company also compared favorably with the sector and the S&P 500's growth of 2.5% and 23.2%, respectively. The Zacks Consensus Estimate for CROX's current financial-year sales and earnings indicates growth of 4.4% and 5.6%, respectively, from the year-ago reported numbers. Image Source: Zacks Investment Research What Places CROX Well? Crocs is on track with its long-term growth strategy, announced in September 2021, focused on three key initiatives to drive durable and consistent growth. As part ...