Crocs reports 73% revenue growth in Q3
BROOMFIELD — Footwear company Crocs Inc. (NYSE: CROX) reported 73% year-over-year revenue growth in the third quarter of 2021, with a record revenue of $626 million up from the $361 million it brought in last year.
Revenue was up 182% from $72.1 million to 203.1 million, and earnings per share increased 166% from 91 cents to $2.42.
“Our third quarter was exceptional,” Crocs CEO Andrew Rees said in a prepared statement. “Globally, our teams are managing through the supply chain disruptions to mitigate the impact on our business. Despite the temporary disruptions, we expect 2022 revenues to grow over 20% from 2021 fueled by the strength of our brand and consumer demand globally.”
SPONSORED CONTENT
Federal District Court Rules Corporate Transparency Act Unconstitutional . . . But Most Small Businesses Must Still Comply
Lyons Gaddis Real Estate and Business Attorney Cameron Grant shares important details of the Corporate Transparency Act (CTA).
© 2021 BizWest Media LLC
BROOMFIELD — Footwear company Crocs Inc. (NYSE: CROX) reported 73% year-over-year revenue growth in the third quarter of 2021, with a record revenue of $626 million up from the $361 million it brought in last year.
Revenue was up 182% from $72.1 million to 203.1 million, and earnings per share increased 166% from 91 cents to $2.42.
“Our third quarter was exceptional,” Crocs CEO Andrew Rees said in a prepared statement. “Globally, our teams are managing through the supply chain disruptions to mitigate the impact on our business. Despite the temporary disruptions, we expect 2022 revenues to grow over 20% from 2021…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!
