Crocs presented a forecast of financial results for the third quarter, according to which the brand's revenue in the reporting period could grow by 10%. The reason is the explosive growth in demand for Crocs footwear during the pandemic, writes Worldfootwear.com.
“As a brand, we have proven our resilience in the face of adversity and we are emerging from the crisis with great optimism,” says Crocs President and CEO Andrew Rees. “We have experienced exceptional customer demand and strong sales. As a result, we expect our third-quarter sales to increase by about 10% and expect our business to continue to strengthen. We remain focused on preparing for a successful 2021 and are confident in our ability to deliver sustainable development and profit growth for years to come. ”
So, according to the forecast, the company's revenue in the third quarter of 2020 will grow by 10% compared to the revenue received in the third quarter of 2019 in the amount of $ 312.8 million.
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