The shares of CrocsThe retailer’s fiscal third quarter earnings and revenue exceeded analyst expectations. This was due to strong demand for the shoes.

Crocs has also increased its outlook for the year and stated that it had worked hard to minimise any disruption in global supply chains.

The stock rose more than 9 percent in the last few days after a rally of more than 115% over the past year. The shares closed Wednesday with a loss of nearly 5%

The following chart shows how Crocs fared in the three months ending Sept. 30, as compared to analysts’ expectations based upon a survey by Refinitiv.

• Earnings per Share: $2.47 Adjusted vs. Expected $1.88
• Revenue: $626 million vs. $610 million expected

From $61.9million, which was 91 cents per shares a year ago, the third quarter net income rose to $153.5million, or $2.42 per shared, from $61.9million, or $6.9 million. The company’s share price was $2.47, which is well above the $1.88 analysts predicted.

From $362 million in 2013, revenue jumped 73% to $626million. It exceeded expectations of $610million.

Crocs reported that its direct-to consumers sales increased by 60.4%, and wholesale revenues rose by 88.2%. The digital sales increased by 68.9%. They account for 36.8% of the total sales, as opposed to 37.7% one year ago.

Crocs expects to see revenue growth of 62%-65% for the entire year, compared with 2020. compared with a prior range of 60% to 65%

It stated that sales would increase by more than 20% in fiscal 2022.

Andrew Rees CEO stated in prepared remarks that “globally, our teams are managing through supply chain disruptions for mitigation of the impact on our businesses.” We expect that 2022 revenue will grow, despite the disruptions. This is due to the strength of the brand and global consumer demand.

Crocs’ earnings press release is available here here