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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An ‘Airbnb for Pools’ Is Making a Splash This SummerPool owners across the U.S. are cashing in on their underused pool by listing with the company Swimply, which some media reports have dubbed the “Airbnb for backyard pools”
Read more »
Johnson & Johnson Posts Higher Quarterly Profit as Healthcare Demand ReturnsGreater demand for medical devices, drugs and consumer-health products helped boost sales and profit for the company in the latest quarter.
Read more »
J&J raises revenue forecast, estimates $2.5 bln in COVID-19 vaccine salesJohnson & Johnson (JNJ.N) raised its 2021 revenue estimates on Wednesday and forecast it would sell $2.5 billion worth of its COVID-19 vaccine this year, as it strives to quell production and safety problems and catch up with rivals Pfizer and Moderna.
Read more »
United Airlines narrows losses, plans to ramp up flying to meet strong travel demandUnited Airlines narrowed its losses and plans to increase flying to cater to higher travel demand.
Read more »
The Best Charlotte Tilbury Products Are On Sale In An Amazing BundleCatch me in full glam for the first time in a year.
Read more »
Mask disputes fuel spike in air rage incidentsOfficials say there have been more than 85 physical assaults on TSA officers since the beginning of the pandemic.
Read more »