Q3 2023 Investor Presentation
Q3 HIGHLIGHTS
Q3 2023 Highlights
• Revenues of $1,046M, +6% CC(¹)
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Crocs Brand revenues of $799M, +11% CC (¹)
Asia revenues up +29% CC¹); China >+90% CC
North America revenues +8% CC(¹) driven by
newer products such as Echo, Mega Crush
DTC comparable sales growth +15%
HEYDUDE Brand revenues of $247M, (9)% CC(¹)
DTC growth of +15% CC(¹)
Digital growth of +6% CC(¹)
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Adjusted operating margin of 28.3% (2), +40 bps YoY
Adjusted diluted EPS +9% to $3.25 per share(2)
• Debt paydown of $90M; Repurchased $150M of
shares
• Gross leverage was 1.7x at quarter end
1.
CROCS inc2
2.
Revenue growth on a constant currency basis, which is a Non-GAAP Financial Measure. See further details in Appendix.
See reconciliation to GAAP equivalents in Appendix.
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