Crocs Guides Accelerated 2021 Revenue Growth of 20 percent to 25 percent

Crocs Inc. raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20 percent to 25 percent.

“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
Crocs expects:

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

Crocs provided the update in advance of its participation in the ICR Conference on Monday, January 11, 2021.

Photo courtesy Crocs