Crocs, Inc. Guides Accelerated 2021 Revenue Growth of 20% to 25%

Magazine for Textiles, Clothing, Leather and Technology

Crocs, Inc., a world leader in innovative casual footwear for women, men, and children, today raised its 2020 revenue guidance and expects accelerated the full year 2021 revenue growth of 20% to 25%.

“Amidst a global pandemic in 2020, we will deliver the strongest revenue in Crocs’ history,” said Andrew Rees, Chief Executive Officer. “Our brand momentum is exceptional, and we anticipate another record year in 2021. We remain focused on continuing to deliver sustainable, profitable growth for years to come.”

Revenue Outlook

We expect:

  • Fourth-quarter 2020 revenue to increase by approximately 55% to be between $407 and $410 million. This is up from the previous guidance range of 20% to 30% growth
  • Full-year 2020 revenue to grow over 12%, up from recent guidance of approximately 5% to 7% growth
  • Record revenue between $1,381 and $1,384 million for 2020
  • The accelerated full year 2021 revenue growth of 20% to 25% compared to 2020

ICR 2021 Conference

We will present at the ICR 2021 Conference today at 9:30 am ET. A live broadcast of our presentation may be accessed on the Investor Relations section of the Crocs website, investors.crocs.com, and will remain available until April 11, 2021

 

Source: www.crocs.com