Benzinga | Jan 11, 2021 08:03AM EST

Crocs Sees Prelim. Q4 Sales $407M-$410M vs $330.07M Est.

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%.

"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

We expect:

* 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

* Accelerated full year 2021 revenue growth of 20% to 25% compared to 2020