Crocs Results Presentation Deck
Business Highlights
Q1 2023 Highlights
• Revenues of $884 million, +36% CC(1¹), grew in all brands,
regions and channels
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Crocs Brand revenues +22% CC(1) and DTC comparable
sales growth +19%
Crocs Brand North America revenues +10% with 12% DTC
comparable sales growth and 6% Wholesale CC growth
Crocs Brand sandals revenues increased 65% and China
revenues rose in excess of 110% CC(1)
HEYDUDE Brand revenues were $235 million, increasing
15% on a pro forma basis(2)
Adjusted gross margins of 54%(³)
Adjusted operating margins of 28% (³)
Adjusted diluted EPS +27% to $2.61 per share(³)
• Piper Sandler's Spring 2023 Taking Stock with Teens Survey:
Crocs ranked #6 and HEYDUDE ranked #8
• For the third consecutive year, Crocs was named as one of the
top 10 Most Innovative Brands by Fast Company
• Published 2nd annual ESG report inclusive of HEYDUDE in April
CROCS inc
1. Revenue growth on a constant currency basis, which is a Non-GAAP Financial Measure. See further details in Appendix.
2.
Revenue growth on a Pro forma basis, which includes HEYDUDE for the period prior to acquisition close (assuming the acquisition had closed January 1, 2022).
See reconciliation to GAAP equivalents in Appendix.
3.
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