Crocs reported second-quarter earnings on Thursday that beat.
reported second-quarter earnings that beat on the top and bottom line Thursday, raising its full-year revenue guidance amid strong global demand.Here's how the company did compared with what analysts surveyed by Refinitiv were anticipating:: $640.8 million vs. $565.2 million expected
Excluding one-time adjustments, the company earned $2.23 a share, beating the $1.60 that analysts surveyed by Refinitiv were anticipating. Crocs raised its full year guidance, and now expects its revenue to grow between 60% to 65% compared to 2020. Last quarter, the retailer"We continue to see strong consumer demand for the Crocs brand globally. On the back of record second quarter results and continued momentum, we are raising our full year 2021 guidance," said CEO Andrew Rees.
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