Crocs Investor Presentation Deck
APPENDIX
Non-GAAP Reconciliation (Cont'd)
Non-GAAP Gross Margin Reconciliation by Brand:
GAAP Crocs Brand gross margin
Non-GAAP adjustments:
Distribution centers (¹)
Inventory reserve in Russia
Non-GAAP Crocs Brand gross margin
(2)
CROCS inc
Three Months Ended September 30,
2023
2022
61.9 %
0.2%
- %
62.1 %
57.3 %
0.3 %
(0.1)%
57.5 %
GAAP HEYDUDE Brand gross margin
Non-GAAP adjustments:
Distribution centers (¹)
Non-GAAP HEYDUDE Brand gross margin
Three Months Ended September 30,
2022
2023
35.6 %
7.2 %
42.8 %
48.8 %
%
48.8 %
(1)
Represents expenses, including expansion costs, duplicate rent costs, and transitional storage costs, primarily related to our distribution centers in Dayton, Ohio and Las Vegas, Nevada.
(2) Represents the net impact of a prior year inventory reserve expense in our EMEALA segment associated with the shutdown of our direct operations in Russia.
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