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Yes, everyone really is wearing Crocs these days

January 11, 2021. Summarized by summa-bot.

Compression ratio: 66.5%. 1 min read.

Crocs' bittersweet moment has arrived in the midst of a global pandemic. The foam clog, derided by many for being "ugly," expects 2020 to be a record sales year.

New York (CNN)Crocs' bittersweet moment has arrived in the midst of a global pandemic.

The foam clog, derided by many for being "ugly," expects 2020 to be a record sales year.

On Monday, Crocs raised its fourth-quarter (ended Dec. 31) outlook and full-year outlook for 2021, now forecasting fourth quarterly year-over-year revenue to have increased about 55% to between $407 and $410 million, up from its previous estimate of a 20% to 30% increase.

The company expects sales to have increased over 12% in 2020, to a record $1. 38 billion, up from its previous forecast of about 5% to 7% growth.

It also anticipates sales growth of 20% to 25% in 2021.

"Amidst a global pandemic in 2020, we will deliver the strongest revenue in Crocs' history," Crocs CEO Andrew Rees said in a statement.

"Our brand momentum is exceptional, and we anticipate another record year in 2021. "

[Speaking at the annual ICR investor conference on Monday, Rees said consumers' overwhelming need for comfort in a turbulent year helped drive strong sales of its iconic shoe.

"We definitely benefited from consumer casualization," said Rees, adding that the clogs are also easy to clean and sanitize, thereby enhancing their pandemic-time appeal.

More younger consumers also gravitated to the brand during the pandemic, said Rees.

As the year progressed, it broadened to new younger male consumers," he said.

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