Crocs, Inc. Revises Revenue Guidance for the Fourth Quarter and Full Year 2020
January 11, 2021 at 06:42 pm IST
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Crocs, Inc. revised revenue guidance for the fourth quarter and full year 2020. For the fourth 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.
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.
CROCS, INC. 
