Crocs Results Presentation Deck
Appendix
Non-GAAP Reconciliation (Cont'd)
Non-GAAP Gross Margin Reconciliation by Brand:
GAAP Crocs Brand gross margin
Non-GAAP adjustments:
Distribution centers (¹)
Inventory reserve in Russia (2)
Non-GAAP Crocs Brand gross margin
Three Months Ended March
31,
CROCS inc
2023
55.8 %
0.5 %
- %
56.3 %
2022
49.2 %
0.2 %
0.3 %
54.9 %
GAAP HEYDUDE Brand gross margin
Non-GAAP adjustments:
Inventory fair value step-up (3)
Non-GAAP HEYDUDE Brand gross margin
(1) Represents expenses, including expansion costs and duplicate rent costs, primarily related to our distribution centers in Dayton, Ohio.
(2) Represents the net impact of an inventory reserve expense in our EMEALA segment associated with the continued shutdown of our direct operations in Russia.
Three Months Ended March
31,
2023
49.6 %
%
49.6 %
2022
25.6 %
24.3 %
49.9 %
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