Crocs Investor Presentation Deck
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APPENDIX
NON-GAAP RECONCILIATION (CONT'D)
Non-GAAP Income from Operations and Operating Margin Reconciliation by Brand:
GAAP Crocs Brand operating margin
Non-GAAP cost of sales adjustments (1)
Non-GAAP selling, general and administrative expenses adjustments (2)
Non-GAAP Crocs Brand operating margin
GAAP HEYDUDE Brand operating margin
Non-GAAP cost of sales adjustments (1)
Non-GAAP selling, general and administrative expenses adjustments (2)
Non-GAAP HEYDUDE Brand operating margin
Three Months Ended December 31,
2021
(1) See 'Non-GAAP gross margin reconciliation by brand' above for more information.
(2) See 'Non-GAAP selling, general and administrative expenses reconciliation by brand' above for more information.
2022
29.9 %
0.8 %
1.2 %
31.9 %
Three Months Ended
December 31,
2022
26.9 %
0.8 %
0.1 %
27.7 %
37.2 %
0.3%
%
37.5 %
Year Ended
December 31,
2022
23.6 %
7.2 %
%
30.8 %
2022
Year Ended
December 31,
32.0 %
0.4 %
0.6 %
33.0 %
2021
37.2 %
0.3%
- %
37.5%
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