Crocs Reports Record Revenue, Raises Full-Year Guidance Amid Strong Demand

5547
31 Jul 2021
5 min read

News Synopsis

Crocks beat the analyst expectation by reporting adjusted earnings per share of $2.23. The company’s record revenue is reported as $640.8 Million. Crock's second-quarter earnings beat on the top and bottom line on Thursday. The company with a raised full-year revenue guidance has witnessed a strong global demand. The company has reported a significant growth in its net income since last year. It has observed the revenue growth to 93% that is $640.8 Million from $331.5 Million last year. Crocks have also shown an appreciable growth in digital sales as well. The company is now aiming for further growth in revenue. During the third quarter, revenue growth is expected between 60% and 70%. Their commitment for a transition to net-zero emission by 2030 under an initiative ‘comfort without carbon’ has gained global applause. This will result in a positive impact on other communities as well.

Podcast

TWN In-Focus