Q3 2022 Investor Presentation
cr
CS
cr
OCS
CI
OC
FINANCIAL OUTLOOK
2022E GUIDANCE
(numbers on reported basis, unless otherwise noted)
Total Revenues
crocs™
HEY
DUDE
GOOD TO GO-TO
Adjusted Operating Margin(3)
Adjusted Operating Income (³)
Adjusted One Time Costs (3)
Adjusted Tax Rate(³)
Adjusted Diluted EPS(3)
Capital Expenditures
FY 2022E
$3.455 to $3.520B
$2.605 to $2.630B
+17% CC(1)
$850 to $890M(2)
-27% (4,5)
-$920 to $950M(4,5)
-$130M(5)
~21%
$9.95 to $10.30
$150 to $170M
(1)
1.
Crocs Brand expected revenue growth for FY 2022E of approximately 17% on a constant currency basis implies approximately 13% growth on a reported basis and expected revenues of $2.605 to $2.630B
2. Including the period of time prior to the closing of the acquisition, HEYDUDE 2022E revenues expected to be approximately $940 to $980M.
3.
See reconciliation to GAAP equivalents in Appendix.
4.
Includes an incremental $67M of air freight embedded in gross margin for full year 2022.
5. Non-GAAP adjustments include an expected: $55M in SG&A costs, primarily associated with the HEYDUDE acquisition, and an additional $75M of non-cash costs in cost of sales, primarily related to the write up of HEYDUDE inventory
costs to fair market value at the close of acquisition for full year 2022.
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