Crocs, Inc. Revises Revenue Guidance for the Fourth Quarter of 2019; Provides Revenue Guidance for Full Year of 2019 and 2020
January 16, 2020 at 02:26 pm
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Crocs, Inc. revised revenue guidance for the fourth quarter of 2019 and provided revenue guidance for full year of 2019 and 2020. For the fourth quarter of 2019, the company now expects revenue to be between $260 and $262 million, up from its previous guidance range of $245 to $255 million and compared to $216.0 million in the fourth quarter of 2018.
With respect to 2019, the company expects revenues to grow approximately 13% over 2018 revenues of $1,088.2 million.
With respect to 2020 revenues, the Company continues to expect 12% to 14% growth over 2019 revenues.
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. 
