Crocs expects 10% revenue growth
The casual footwear brand known for its clogs, provided third quarter 2020 revenue outlook after having experienced exceptional consumer demand in the COVID-19 new reality
"As a brand, we have proven resilient in the face of adversity and are emerging from the COVID-19 crisis with tremendous optimism", commented 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."
As such this will result in third quarter 2020 outlook with revenue expected to grow approximately 10% compared to revenue of 312.8 million US dollars in the third quarter of 2019.
Image credits: Yahoo Finance
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