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Crocs Raises FY21 Revenue Outlook

Crocs Inc. (CROX) said that it raised its fiscal year 2021 revenue and operating margin guidance.

For fiscal year 2021, the company expects non-GAAP operating margin of about 28%. It now projects revenue growth to be between 62% and 65% compared to 2020 revenues of $1.39 billion. Previously, it expected revenue growth between 60% and 65%.

Looking ahead for fiscal year 2022, the company expects non-GAAP operating margin excluding the impact of air freight of approximately 28%, revenue growth to exceed 20% compared to 2021.

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