Crocs Results Presentation Deck slide image

Crocs Results Presentation Deck

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(4) Adjusted Operating Income(4) Adjusted One Time Costs (4) Adjusted Tax Rate(4) Adjusted Diluted EPS(4) 8. Q3 2022E $915 to $955M $680 to $700M +15% to 18% CC(1) $235 to $255M -25% to 26% (5) ~$10M(8) FY 2022E $3.395 to $3.505B $2.545 to $2.615B +14% to 17% CC (2) $850 to $890M (3) -26% to 27% (6,7) -$880 to $945M(6,7) ~$130(7) ~22% $9.50 to $10.30 Capital Expenditures $170 to $200M 1. Crocs Brand expected revenue growth for Q3 2022E of approximately 15% to 18% on a constant currency basis implies 9% to 12% growth on a reported basis and expected revenues of approximately $680 to $700M on a reported basis. 2. Crocs Brand expected revenue growth for FY 2022E of approximately 14% to 17% on a constant currency basis implies 10% to 13% growth on a reported basis and expected revenues of $2.545 to $2.615B 3. Including the period of time prior to the closing of the acquisition, HEYDUDE 2022E revenues expected to be approximately $940 to $980M. 4. See reconciliation GAAP equivalents in Appendix. 5. 6. 7. Includes an expected approximately $15M impact from air freight embedded in gross margin for Q3. Includes an expected incremental $75M of air freight embedded in gross margin for full year 2022. 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. Non-GAAP adjustments include an expected: $10M in SG&A costs, primarily related to the HEYDUDE integration costs for Q3. 20
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