Andrew Rees Pop hospital Andrew Rees

Sales of Crocs soar as rubber shoe brand predicts bumper year

msn.com

gold pair of Crocs appeared on the Oscars red carpet, sported by musician Questlove, the awards’ musical director. “Demand for the Crocs brand is stronger than ever with expected 2021 revenue growth of 40% to 50%,” said Andrew Rees, Crocs’ chief executive, adding that the company was enjoying growth in all regions and through all sales channels, including 26% sales growth in Asia.

As a result, the company raised its profit guidance for 2021 as it predicted consumer demand would accelerate globally. Crocs shares jumped by 17% on the bumper sales numbers, changing hands on Wall Street for $99 (£71) by lunchtime on Tuesday, well above their previous peak of around $74 at the height of Crocs’ popularity in 2007.

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