Crocs Results Presentation Deck
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BRAND PERFORMANCE
HEYDUDE BRAND Q1 HIGHLIGHTS
Closed acquisition on February 17, 2022
Q1 Revenues of $115M exceeded internal expectations
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• On a pro forma basis, Q1 revenues were $205M,
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+81% vs PY
HEYDUDE ranked #9 in Piper Sandler's Spring 2022; in
top 10 for the second consecutive survey
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Strength in the Midwest and Southern US
Focus on building out the brand; increasing awareness
and driving consideration
Integration of the brand is on track
Revenue
Adj. Gross Margin(1)
SG&A as % of Revenue (²)
Adj. Operating Margin(1)
Q1'2022
$115M
49.9%
12.0%
37.9%
1.
See reconciliation to GAAP equivalents in Appendix
2. Non-GAAP SG&A adjustments were not made within the HEYDUDE brand
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