Crocs Investor Presentation Deck slide image

Crocs Investor Presentation Deck

cr CS cr CS CI OC! Cl 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% 43
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