Crocs expects full year revenue growth of between 60 to 65 per cent compared to 2020. During its third quarter, the shoemaker expects revenue growth between 60 and 70 per cent compared to last year’s third-quarter revenues. Crocs reported adjusted earnings per share of $2.23, which beat analyst expectations. The shoemaker also reported record revenue of $640.8 million.

Crocs’ sales boomed during the pandemic as consumers seek more comfortable footwear. Its stock has grown more than 90 per cent year-to-date. The shoemaker has also committed to transition to net-zero emissions by 2030 and has raised its full-year revenue guidance amid strong global demand despite supply chain disruptions caused by the Covid-19 pandemic.

Revenues in the second quarter grew 93 per cent. The company’s digital sales grew 25.4 per cent to represent 36.4 per cent of revenue, compared to 56.1 per cent a year ago. Croc’s sandals sales rose 57 per cent during the second quarter after going up 17 per cent in the first quarter. The company also saw digital sales grow 99 per cent compared to 2019. Direct-to-consumer sales grew 78.6 per cent compared to last year, and 86.4 per cent compared to 2019, representing 52 per cent of second-quarter revenues. Crocs has had an eight per cent increase in its average selling price during this quarter. This has been attributed to higher pricing and a favorable product mix.