Crocs Results Presentation Deck slide image

Crocs Results Presentation Deck

Cr CS cr OCS CI OC APPENDIX NON-GAAP RECONCILIATION Non-GAAP Cost of Sales, Gross Profit, and Gross Margin Reconciliation: Six Months Ended June 30, 2022 2021 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 SA Three Months Ended June 30, 2022 2021 964,581 $ 466,848 (1,389) (34,323) 575 (35,137) 431,711 $ 497,733 51.6% 532,870 55.2 % (in thousands) 640,773 $ 245,592 (1,115) (1,115) 244,477 395,181 61.7 % 396,296 61.8 % $ 1,624,729 $ 802,072 (2,580) (62,250) (1,225) (66,055) 736,017 822,657 50.6% 888,712 54.7% $ 1,100,871 452,471 (2,100) (2,100) 450,371 648,400 58.9 % 650,500 59.1 % (1) Represents expenses, including expansion costs and duplicate rent costs, related to our distribution centers in Dayton, Ohio and Dordrecht, the Netherlands. (2) 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. 25
View entire presentation