Business
Crocs, Inc. Guides Accelerated 2021 Revenue Growth of 20% to 25%
BROOMFIELD, Colo., Jan. 11, 2021 /PRNewswire/ -- Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for women, men, and children, today
About this update from Crocs, Inc.
[{"type":"text","content":"BROOMFIELD, Colo., Jan. 11, 2021 /PRNewswire/ -- Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for women, men, and children, today raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20% to 25%.\n\"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.\"\nRevenue Outlook\nWe expect:\nFourth quarter 2020 revenue to increase 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 Accelerated full year 2021 revenue growth of 20% to 25% compared to 2020ICR 2021 Conference\nWe 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.\nAbout Crocs, Inc.:\nCrocs, Inc. (Nasdaq: CROX) is a world leader in innovative casual footwear for women, men, and children, combining comfort and style with a value that consumers know and love. The vast majority of shoes within Crocs' collection contains Croslite™ material, a proprietary, molded footwear technology, delivering extraordinary comfort with each step.\nIn 2021, Crocs declares that expressing yourself and being comfortable are not mutually exclusive. To learn more about Crocs or our global Come As You Are™ campaign, please visit www.crocs.com or follow @Crocs on Facebook, Instagram and Twitter.\nForward Looking Statements:\nThis press release includes estimates, projections, and statements relating to our business plans, objectives, and expected operating results that are \"forward-looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These statements include, but are not limited to, statements regarding our revenue expectations and profit ...