Crocs, inc. provides earnings guidance for the fourth quarter of 2019 and full year of 2020 and revises earnings guidance for the full year 2019
Crocs, inc. provided earnings guidance for the fourth quarter of 2019 and full year of 2020 and revised earnings guidance for the full year 2019. revenues to be between $245 and $255 million compared to $216.0 million in the fourth quarter of 2018. the company expects fourth quarter 2019 revenues to be negatively impacted by approximately $2 million of currency changes and approximately $2 million resulting from store closures.full year 2019: with respect to 2019, the company now expects: revenues to grow 11% to 12% over 2018 revenues of $1,088.2 million, compared to prior guidance of 9% to 11%. the company expects 2019 revenues to be negatively impacted by approximately $28 million of currency changes and approximately $20 million resulting from store closures.with respect to 2020 revenues, the company expects 12% to 14% growth over 2019 revenues. this estimate assumes that currency will negatively impact results by approximately $10 million.
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