US footwear firm Crocs has raised its 2020 revenue guidance and expects accelerated full year 2021 revenue growth of 20% to 25%.

The Colorado-based company anticipates fourth-quarter 2020 revenue to increase by about 55% to a range of between US$407-$410m. This is up from the previous guidance range of 20% to 30% growth.

Full-year 2020 revenue, meanwhile, is forecast to grow over 12%, up from recent guidance of 5-7% growth, with revenue for the year expected to hit a new record at $1.38bn.

Looking further ahead, Crocs said it expects accelerated full year 2021 revenue growth of 20% to 25% compared to 2020.

"Amidst a global pandemic in 2020, we will deliver the strongest revenue in Crocs' history," said CEO Andrew Rees. "Our brand momentum is exceptional, and we anticipate another record year in 2021. We remain focused on continuing to deliver sustainable, profitable growth for years to come."

The company recently reported record third-quarter revenues of $361.7m, an increase of 15.7% from the record third-quarter revenues achieved in 2019. Net income, meanwhile, surged 73.4% to $61.9m from $35.7m a year prior.