Crocs raised its fourth quarter as well as full-year guidance.
The casual footwear company's latest revenue estimate for the fourth-quarter is in the range of $211 million to $214 million, up from prior guidance of $195 million to $205 million.
For the full year, Crocs now expects revenue to grow about 6%, compared with prior guidance of 4% to 5%.
Andrew Rees, president and CEO, has indicated that e-commerce and wholesale growth would cushion the effect of reduced number of physical stores. "We had one of our best fourth quarters in years," said Rees.