Crocs Results Presentation Deck
BRAND PERFORMANCE
HEYDUDE BRAND Q2 HIGHLIGHTS
• Q2 Revenues of $232M exceeded expectations
• Revenue growth of +96% vs PY on a pro forma basis(1)
O
●
●
●
●
FY22 Revenues now expected to be nearly $1 billion on a pro
forma basis(2)
Introduced an updated brand identity and launched new
HEYDUDE brand campaign
Integration of the brand is on track and plan to continue investing
rapidly in capabilities to maximize growth of brand
Expect stronger Gross Margins in H2 2022 as HEYDUDE
benefits from Crocs' freight rates
Revenue
Adj. Gross Margin(³)
SG&A as % of Revenue (4)
Adj. Operating Margin(3)
Q2'2022
$232M
47.1%
14.5%
32.6%
1. Assumes the acquisition closed on January 1, 2021
2.
Assumes the acquisition closed on January 1, 2022
3.
See reconciliation to GAAP equivalents in Appendix
4.
Non-GAAP SG&A adjustments were not made within the HEYDUDE brand
16View entire presentation