Crocs Results Presentation Deck
Cr
CS
cr
OCS
CI
OC
FINANCIAL OUTLOOK
2022E GUIDANCE
(numbers on reported basis, unless otherwise noted)
Total Revenues
crocs™
HEYDUDEⓇ
Adjusted Operating Margin(3)
Adjusted One Time Costs (³)
Adjusted Tax Rate(³)
Adjusted Diluted EPS (³)
Q2 2022E
$918 to $957M
$718 to $737M
(1)
+17% to 20% CC'
1.
2.
3.
4.
5.
6.
$200 to $220M
-26% (4)
~$65M (6)
FY 2022E
-$3.5B
20%+
$750 to $800M(2)
-26% to 27% (5)
~$135(7)
~22%
$10.05 to $10.65
Capital Expenditures
Crocs Brand expected revenue growth of approximately 17% to 20% on a constant currency basis implies 12% to 15% growth on a reported basis and expected revenues of approximately $718 to $737M on a reported basis.
Including the period time prior to the closing of the acquisition, HEYDUDE 2022E revenues expected to be approximately $840 to $890M.
$170 to $200M
See reconciliation to GAAP equivalents in Appendix.
Includes an expected approximately $50M impact from air freight embedded in gross margin.
Includes an expected incremental $75M of air freight embedded in gross margin for full year 2022.
Non-GAAP adjustments include an expected: $20M in SG&A costs, primarily associated with the HEYDUDE acquisition, and an additional $45M 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 the acquisition.
7. Non-GAAP adjustments include an expected: $60M 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.
19
AC
5
E
12
d
40
24
JC
76View entire presentation