Crocs (CROX, Financial) was the largest contributor to Fund performance, and boosted results in the consumer discretionary sector. Up more than 23% during the quarter, Crocs posted record revenues that beat the highest estimates and raised its full year forecast despite supply disruptions. Revenue growth was strong in all regions especially the Americas; the company continued to capitalize on the work-from-home trend where comfortable footwear is the norm.
From Bernard Horn (Trades, Portfolio)'s Polaris Global Value Fund third-quarter 2021 letter.
Also check out:
