Crocs Results Presentation Deck
Business Highlights
Q1 2023 Highlights
• Revenues of $884 million, +36% CC(1), grew in all brands, regions
and channels
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Crocs Brand revenues +22% CC(1) and DTC comparable sales
growth +19%
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Crocs Brand North America revenues +10% with 12% DTC
comparable sales growth and 6% Wholesale CC growth
Crocs Brand sandals revenues increased 65% and China
revenues rose in excess of 110% CC(¹)
HEYDUDE Brand revenues were $235 million, increasing 15% on
a pro forma basis (2)
Adjusted gross margins of 54%(3)
Adjusted operating margins of 28% (³)
Adjusted diluted EPS +27% to $2.61 per share (³)
Piper Sandler's Spring 2023 Taking Stock with Teens Survey: Crocs
ranked #6 and HEYDUDE ranked #8
For the third consecutive year, Crocs was named as one of the top
10 Most Innovative Brands by Fast Company
Published 2nd annual ESG report inclusive of HEYDUDE in April
CROCS inc
1. Revenue growth on a constant currency basis, which is a Non-GAAP Financial Measure. See further details in Appendix.
2.
Revenue growth on a Pro forma basis, which includes HEYDUDE for the period prior to acquisition close (assuming the acquisition had closed January 1, 2022).
See reconciliation to GAAP equivalents in Appendix.
3.
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