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27.10.2020 12:50:39
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Crocs Guides Q4, FY20 Revenue Growth Well Above Estimates - Quick Facts
(RTTNews) - While reporting financial results for the third quarter on Tuesday, casual footwear maker Crocs, Inc. (CROX) provided revenue growth outlook for the fourth quarter and full-year 2020, well above analysts' estimates.
The company expects fourth-quarter revenue to grow between 20 and 30 percent from last year. This translates into full year 2020 revenue growth of approximately 5 to 7 percent.
On average, analysts polled by Thomson Reuters expect the company to report revenue growth of 8.4 percent to $285.01 million for the quarter and revenue growth of 0.5 percent to $1.24 billion for the year.
The company noted that the financial guidance excludes the potential impact of any future COVID-related shutdowns in major markets.
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