Crocs, Inc., a world leader in innovative casual footwear for men, women, and children, today provided third quarter 2020 revenue outlook in anticipation of its presentation at CL King & Associates’ 18th Annual Best Ideas Conference.
“As a brand, we have proven resilient in the face of adversity and are emerging from the COVID-19 crisis with tremendous optimism,” said Andrew Rees, President, and Chief Executive Officer. “We have experienced exceptional consumer demand and strong sell-throughs. As a result, we expect revenue growth of approximately 10% in the third quarter and anticipate our business continuing to strengthen. We remain focused on setting ourselves up for a successful 2021 and are confident in our ability to deliver sustainable, profitable growth for years to come.”
Third Quarter 2020 Outlook:
Given these unprecedented times, we will continue to provide increased visibility when appropriate. For the third quarter of 2020, the Company now expects revenue to grow by approximately 10% compared to revenue of $312.8 million in the third quarter of 2019.
CL King & Associates’ 18th Annual Best Ideas Conference:
As previously announced, the Company will present at the CL King & Associates’ 18th Annual Best Ideas Conference on Wednesday, September 16, 2020, at 9:30 am ET. A live broadcast of the Company’s presentation will be available on the Crocs website, www.crocs.com.