Crocs (CROX) Announces 3Q20 Revenue Guidance Above Consensus

Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for men, women, and children, today provided third quarter 2020 revenue outlook in anticipation of its presentation at CL King & Associates' 18th Annual Best Ideas Conference.

"As a brand, we have proven resilient in the face of adversity and are emerging from the COVID-19 crisis with tremendous optimism," said 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."

Third Quarter 2020 Outlook:

Given these unprecedented times, we will continue to provide increased visibility when appropriate. For the third quarter of 2020, the Company now expects revenue to grow approximately 10% compared to revenue of $312.8 million in the third quarter of 2019.

CL King & Associates' 18th Annual Best Ideas Conference:

As previously announced, the Company will present at the CL King & Associates' 18th Annual Best Ideas Conference on Wednesday, September 16, 2020 at 9:30 am ET. A live broadcast of the Company's presentation will be available on the Crocs website, www.crocs.com. A replay of the webcast will remain available on the Crocs website after the presentation.

You May Also Be Interested In

• Hilton Grand Vacations refinances $850M term loan, extends to 2033
• Lindsay CFO Sam Hinrichsen to resign effective August 31
• Nebius secures $775M in first senior debt facility