Crocs Results Presentation Deck
Appendix
Non-GAAP Reconciliation (Cont'd)
Non-GAAP Income from Operations and Operating Margin Reconciliation:
Three Months Ended March 31,
2023
2022
GAAP revenues
GAAP income from operations
Non-GAAP cost of sales adjustments (1)
Non-GAAP selling, general and administrative expenses adjustments (²)
Non-GAAP income from operations
$
GAAP operating margin
Non-GAAP operating margin
(in thousands)
CROCS inc
884,166 $
234,928
3,281
8,832
247,041 $
26.6 %
27.9 %
$
660,148
118,677
30,918
25,868
175,463
18.0%
26.6 %
(¹) See 'Non-GAAP cost of sales, gross profit, and gross margin reconciliation' above for more details.
(2) See 'Non-GAAP selling, general and administrative expenses and selling, general and administrative expenses as a percent of revenues reconciliation' above for more details.
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