News

Crocs have made a pandemic comeback

Crocs have made a pandemic comeback

Crocs reported record sales of $640m in the three months to 30 June – nearly double the same period last year. And the trend shows no sign of slowing down – the firm raised its revenue outlook for the rest of the year.

Net income before tax grew to $190.5m between April and the end of June from a previous $54.7m.

Its chief executive, Andrew Rees, now expects revenue for 2021 to rise by as much as 65%, compared to an increase of up to 50% due to strong consumer demand.

Boosted by customers staying at home, that digital sales were up 25.4% and make up more than a third of total sales.

It is also set to focus on celebrity campaigns in Asia, and China in particular, where it sees the “largest long-term growth opportunity”.

Related posts

GAP INC REPORTS FLAT SALES IN Q3

Perfect Sourcing Newsdesk

“Transparency” is the key for Clothing and Home Textiles Brands, says Survey By Lenzing

Perfect Sourcing Newsdesk

Yogi Govt. to set up textile park in Farukkhabad

PS NewsDesk

Leave a Comment