Crocs (CROX, Financial) was one of the biggest contributors to overall portfolio performance, up more than 100% as management indicated a faster than anticipated recovery in certain regional stores, with record U.S. sales revenues stemming from Crocs' direct-to-consumer (digital) platform. The footwear company also outlined its COVID-19 safety efforts at distribution centers, while shoring up balance sheets and reducing capital expenditures in the near term.
From Bernard Horn (Trades, Portfolio)'s Polaris Global Value Fund 2020 annual report.
