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Article Date: January 2021
Word Count: 286

Crocs Blows Away Q4 Guidance with 55% Growth


Crocs said that revenues in the fourth quarter came in well above expectations and provided initial 2021 revenue guidance for 20% to 25% growth at the ICR investor conference. The top line grew about 55% to between $407 and $410 million in Q4, well above the 20% to 30% guidance, and global DTC comped up over 60%. Americas led comp growth as full price selling and higher average transaction (aided by Jibbitz charms’ revenue doubling) more than offset lower traffic. Full-year revenue is expected to come in at $1.38 billion, meaning growth of over 12%, pulling back in line with ... Log in to view full article.

 


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