Earnings

Crocs shares soar on raised sales outlook through 2021

0


Victor J. Blue | Bloomberg | Getty Images

Crocs shares soared Monday after the retailer raised its outlook for the fourth quarter, and said it expects sales in 2021 to accelerate as much as 25%, building on the brand’s momentum during the holidays.

The retailer’s stock was up nearly 11% in premarket trading.

The shoe maker, ahead of a presentation at the annual ICR Conference, said it’s now calling for fourth-quarter sales to rise roughly 55% year over year, amounting to between $407 million and $410 million. That’s up from its prior outlook of a 20% to 30% jump.

Crocs said it expects 2020 full-year sales to grow more than 12% to a record of roughly $1.38 billion, up from a previous range…



Source cnbc.com

Reform bankruptcy laws before Covid debt comes due

Previous article

EasyJet lands $1.87 billion state-backed loan as it looks to ease COVID cash crunch

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Earnings