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)
Non-GAAP Crocs Brand gross margin
Three Months Ended June 30,
2023
2022
61.9 %
0.1 %
62.0 %
57.7 %
0.2 %
57.9 %
GAAP HEYDUDE Brand gross margin
Non-GAAP adjustments:
Distribution centers
(2)
Inventory fair value step-up
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 a prior year step-up of HEYDUDE inventory costs to fair value upon the close of the acquisition on February 17, 2022.
CROCS inc
Three Months Ended June 30,
2023
2022
47.1 %
less than 0.1%
- %
47.1 %
32.4 %
- %
14.7%
47.1 %
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