Investor Presentaiton
FINANCIAL OUTLOOK
2022E GUIDANCE
(numbers on reported basis, unless otherwise noted)
Q2 2022E
Total Revenues
$918 to $957M
crocs™
HEYDUDEⓇ
$718 to $737M
(1)
+17% to 20% CC'
$200 to $220M
Adjusted Operating Margin (3)
Adjusted One Time Costs (3)
Adjusted Tax Rate (3)
Adjusted Diluted EPS (3)
-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
$170 to $200M
1. 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 of time prior to the closing of the acquisition, HEYDUDE 2022E revenues expected to be approximately $840 to $890M.
See reconciliation to GAAP equivalents in Appendix.
Capital Expenditures
Cr
CS
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2.
3.
4.
5. Includes an expected incremental $75M of air freight embedded in gross margin for full year 2022.
CI
6.
OC
C
500
7.
Includes an expected approximately $50M impact from air freight embedded in gross margin.
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.
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.
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