Crocs reports 73% revenue growth in Q3

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Footwear company Crocs Inc. (NYSE: CROX) reported 73% year-over-year revenue growth in the third quarter of 2021, with a record revenue of $626 million up from the $361 million it brought in last year.

Revenue was up 182% from $72.1 million to 203.1 million, and earnings per share increased 166% from 91 cents to $2.42.

“Our third quarter was exceptional,” Crocs CEO Andrew Rees said in a statement. “Globally, our teams are managing through the supply chain disruptions to mitigate the impact on our business. Despite the temporary disruptions, we expect 2022 revenues to grow over 20% from 2021 fueled by the strength of our brand and consumer demand globally.”

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