Crocs Investor Presentation Deck
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Expect revenues of ~$3.55B* with growth of ~53%
Crocs Brand revenues expected to be up ~15% to ~$2.65B or ~19% constant currency
HEYDUDE Brand revenues expected to be >$890M; on a pro forma basis** revenues
expected to have increased ~70% to nearly $1B
Continue to expect industry-leading adjusted operating margin of ~27%*
HEYDUDE acquisition continues to outperform from a growth, consumer resonance and profit
perspective. Upon acquisition, expected pro forma** revenues of $700M-$750M, and now
expect revenues to be nearly $1B
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CROCS, INC. EXPECTS TO REPORT
AN EXCEPTIONAL
2022
Strong cash flow drove ~$550M reduction in borrowings from $2.9B in Q1 to $2.3B in Q4
Repaid $300M on Term Loan B in Q4
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crocs™
* FY 2022E reflects expected estimated revenues and guidance for non-GAAP operating margin. Full 2022 financial results to be announced in February 2023. See reconciliation to GAAP equivalents in Appendix.
** Pro forma includes HEYDUDE for the period prior to acquisition close (assuming the acquisition had closed on the first day of such trailing twelve month period).View entire presentation