Crocs, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2021 and Re-Affirms Earnings Guidance for the Year 2022
January 10, 2022 at 05:30 pm IST
Share
Crocs, Inc. provided earnings guidance for the fourth quarter and full year of 2021 and re-affirms earnings guidance for the year 2022. The company expects fourth quarter 2021 revenue growth of approximately 42%.
The company expects full year 2021 revenues to grow approximately 67%, up from recent guidance of approximately 62% to 65% growth.
For the year 2022, revenue growth for the Crocs brand, excluding HEYDUDE, to exceed 20% compared to 2021. Full year pro forma revenues for HEYDUDE to be approximately $700 to $750 million.
Crocs, Inc. is engaged in the design, development, worldwide marketing, distribution, and sale of casual lifestyle footwear and accessories for women, men, and children. The Companyâs segments include Crocs Brand and the HEYDUDE Brand. The Companyâs Crocs Brand collection contains Croslite material, a molded footwear technology, delivering extraordinary comfort with each step. Its Croslite materials are formulated to create soft, comfortable, lightweight, non-marking, and odor-resistant footwear. The HEYDUDE Brand offers shoes with a versatile silhouette. It sells its products in more than 80 countries, through two distribution channels: wholesale and direct-to-consumer. Its wholesale channel includes domestic and international multi-brand retailers, mono-branded partner stores, e-tailers, and distributors; its direct-to-consumer channel includes Company-operated retail stores, Company-operated e-commerce sites, and third-party marketplaces.