Crocs Results Presentation Deck
Q2 FINANCIAL HIGHLIGHTS
FY2023E Guidance
(numbers on reported basis, unless otherwise noted)
Total Revenue Growth
crocs
HEY
DUDE
Revenue Growth
Reported Revenue Growth
Pro Forma Revenue Growth (2)
Adjusted Operating Margin(3.4)
Adjusted One Time Costs
Adjusted Tax Rate (3,4)
Adjusted Diluted EPS (3,4)
Capital Expenditures
CROCS inc
1.
2.
3.
4.
Prior Guidance
11% to 14%
7% to 9%
Mid-20%
Mid-teens
26.0% to 27.0%
$30M
~20%
$11.17 to $11.73
$165 to $180M
Current Guidance
12.5% to 14.5%(¹)
12% to 13%
14% to 18%
-3.5% to 7.5%
~27.5%
$35M
~20%
$11.83 to $12.22
$165 to $180M
B/(W)
Non-GAAP adjustments include an expected: $35 million of costs primarily related to capital investments to support growth, and to be fairly balanced across COGS and SG&A.
See reconciliation to GAAP equivalents in Appendix.
+0.5% to 1.5%
+4% to 5%
+0.5% to 1.5%
($5M)
+$0.49 to $0.66
Crocs, Inc. expected FY2023 revenue growth of approximately 12.5% to 14.5% implies expected revenues of $4,000 million to $4,065 million at currency rates as of the end of the latest reported period.
Pro forma ("PF") includes HEYDUDE revenues for the period prior to acquisition close (assuming the acquisition had closed on January 1, 2022.) For the prior guidance, assuming that the midpoint of "mid-20s" reported
growth is 25% would imply 13.6% growth on a pro forma basis.
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