Crocs
Record 2020 revenues of $1.4 billion increased 12.6% over last year.
Verified 25 Oct 2026 · occurred 23 Feb 2021
Detail
full year margin: “2 Financial Outlook First Quarter 2021 With respect to the first quarter of 2021, we expect: • Revenue growth to be between 40% and 50% compared to first quarter 2020 revenues of $281.2 million • Non-GAAP adjustments of approximately $3 million related to distribution center investments that will impact gross margin • Adjusted operating margin to be between 17% and 18% Full Year 2021 With respect to 2021, we expect: • Revenue growth to be between 20% and 25% compared to 2020 revenues of $1,386.0 million • Non-GAAP adjustments of approximately $12 to $15 million related to distribution center investments that will impact gross margin • Adjusted operating margin to be between 18% and 19% • GAAP tax rate of approximately 25% and non-GAAP effective tax rate of approximately 16% to 18% • Capital expenditures of approximately $100 to $130 million for supply chain investments to support growth Conference Call Information: A conference call to discuss fourth quarter and full year 2020 results is scheduled for today, February 23, 2021, at 8:30 am ET.”
- Type
- Earnings
- Category
- Financial
Sources
SEC filingas of · verified
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