Crocs Investor Presentation Deck
APPENDIX
Non-GAAP Reconciliation (Cont'd)
Non-GAAP Operating Margin Reconciliation by Brand:
Three Months Ended September 30,
2023
2022
GAAP Crocs Brand operating margin
Non-GAAP costs of sales adjustments (¹)
Non-GAAP SG&A adjustments(²)
Non-GAAP Crocs Brand operating margin
GAAP HEYDUDE Brand operating margin
Non-GAAP costs of sales adjustments(¹)
Non-GAAP SG&A adjustments
Non-GAAP HEYDUDE Brand operating margin
37.2 %
0.1 %
0.1%
37.4 %
32.9 %
0.2%
-%
33.1 %
Three Months Ended September 30,
2023
2022
12.9 %
7.2 %
- %
20.1 %
29.3 %
- %
- %
29.3 %
(¹) See 'Non-GAAP gross margin by Brand reconciliation' above for more details.
(2) See 'Non-GAAP selling, general and administrative expenses as a percent of revenues by Brand reconciliation' above for more details.
CROCS inc
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