2020 should be Crocs' best year
The brand of casual footwear for women, men, and children, known by its clogs, raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20% to 25%
"Amidst a global pandemic in 2020, we will deliver the strongest revenue in Crocs' history", stated Andrew Rees, Chief Executive Officer, adding: "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
Fourth quarter 2020 revenue is expected to increase approximately by 55% to be between 407 and 410 million US dollars. 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 should be between 1 381 and 1 384 million US dollars for full year 2020. Accelerated full year 2021 revenue growth of 20% to 25%, as compared to 2020.
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