Crocs Results Presentation Deck
cr
CS
cr
CS
Cl
OC
C
APPENDIX
NON-GAAP RECONCILIATION
Non-GAAP Cost of Sales, Gross Profit, and Gross Margin Reconciliation:
GAAP revenues
GAAP cost of sales
Distribution centers (1)
HEYDUDE inventory fair value adjustment (2)
Inventory reserve in Russia (3)
Total adjustments
Non-GAAP cost of sales
GAAP gross profit
GAAP gross margin
Non-GAAP gross profit
Non-GAAP gross margin
GA
$
SA
Three Months Ended March 31,
2022
2021
(in thousands)
660,148
335,224
(1,191)
(27,927)
(1,800)
(30,918)
304,306
324,924
49.2 %
355,842 $
53.9 %
460,098
206,879
(985)
(985)
205,894
253,219
55.0 %
254,204
55.2 %
(1) Represents expenses, including expansion costs and duplicate rent costs, related to our distribution centers in Dayton, Ohio and Dordrecht, the Netherlands.
(2) Represents a write-up of HEYDUDE inventory costs to fair value upon the close of the acquisition on February 17, 2022.
(3) Represents an inventory reserve expense in our EMEALA segment associated with our pause of certain operations in Russia.
AC
24
5
E
12
d
40
24
JC
76View entire presentation