Crocs Results Presentation Deck

Appendix Non-GAAP Reconciliation Non-GAAP Cost of Sales, Gross Profit, and Gross Margin Reconciliation: Three Months Ended March 31, 2023 2022 GAAP revenues GAAP cost of sales Distribution centers (¹) HEYDUDE inventory fair value step-up (2) Inventory reserve in Russia (3) Total adjustments Non-GAAP cost of sales GAAP gross profit GAAP gross margin Non-GAAP gross profit Non-GAAP gross margin (in thousands) $ 884,166 407,796 (3,281) (3,281) 404,515 476,370 53.9 % 479,651 $ 54.2% 660,148 335,224 (1,191) (27,927) (1,800) (30,918) 304,306 324,924 49.2 % 355,842 53.9 % (1) Represents expenses, including expansion costs and duplicate rent costs, related to our distribution centers in Dayton, Ohio and Las Vegas, Nevada. (2) Primarily represents a step-up of HEYDUDE inventory costs to fair value upon the close of the acquisition on February 17, 2022. (3) Represents the net impact of an inventory reserve expense in our EMEALA segment associated with the continued shutdown of our direct operations in Russia. CROCS inc 37

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