Crocs (CROX) Announces 3Q20 Revenue Guidance Above Consensus
Get Alerts CROX Hot Sheet
Revenue Growth %: -0.5%
Financial Fact:
Income tax benefit (expense): -1.69M
Today's EPS Names:
SHIM, KOD, HEWA, More
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Semtech (SMTC) climbs as Q4 revenue and guidance surpass expectations
- Expedia (EXPE) Appoints Jochen Koedijk as Chief Marketing Officer, Brad Bentley as COO of Consumer Business
- Hudbay Minerals (HBM) Provides Annual Reserve and Resource Update and Production Outlook
Create E-mail Alert Related Categories
Corporate News, Guidance, Hot Corp. News, Hot Guidance, Management CommentsRelated Entities
Twitter, CL KingSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!