Crocs (NASDAQ: CROX) reported Q4 EPS of $1.06, $0.28 better than the analyst estimate of $0.78. Revenue for the quarter came in at $411.5 million versus the consensus estimate of $399.51 million.

Financial Outlook:

First Quarter 2021

With respect to the first quarter of 2021, we expect:

• Revenue growth to be between 40% and 50% compared to first quarter 2020 revenues of $281.2 million
• Non-GAAP adjustments of approximately $3 million related to distribution center investments that will impact gross margin
• Adjusted operating margin to be between 17% and 18%

Full Year 2021

With respect to 2021, we expect:

• Revenue growth to be between 20% and 25% compared to 2020 revenues of $1,386.0 million
• Non-GAAP adjustments of approximately $12 to $15 million related to distribution center investments that will impact gross margin
• Adjusted operating margin to be between 18% and 19%
• GAAP tax rate of approximately 25% and non-GAAP effective tax rate of approximately 16% to 18%
• Capital expenditures of approximately $100 to $130 million for supply chain investments to support growth

For earnings history and earnings-related data on Crocs (CROX) click here.