Crocs, Inc. Expects to Surpass $1 Billion in Revenue in 2011
Crocs, Inc. (NASDAQ: CROX) today announced that it expects annual revenue to surpass $1 billion for the first time when the Company reports results for the year ended December 31, 2011.
The Company now estimates that Q4 revenue will be at the high end of the prior guidance of $200 to $205 million. This compares with the Company's reported revenue of $790 million for the year ended December 31, 2010.
“Exceeding $1 billion in revenue in less than 10 years is a testament to the power of our global brand and the potential of our Company,” said John McCarvel, Crocs President and Chief Executive Officer. “Few companies in our industry have reached this milestone so quickly. As we begin our 10th anniversary year in 2012, everyone at Crocs can be proud of what we've achieved together, and we're looking forward to the next 10 years.”
