Crocs Results Presentation Deck
Q1 Financial Highlights
Crocs Brand Q1 Highlights
• Revenues +22% CC vs. PY
O
●
O
North America DTC comparable sales +12%
Asia Pacific +55% CC vs. PY
• EMEALA +25% CC vs. PY
O
• Crocs ranked #6 preferred footwear brand for teens,
equivalent to Spring '22, in Piper Sandler's Spring 2023 Taking
Stock with Teens Survey
Adj. Gross Margin increased 140 bps driven a significant
improvement in freight of nearly 600 basis points, including ~450
bps of reduced air freight partially offset by ~140 bps of higher
end of season clearance and ~70 bps of inflationary cost
pressures. Currency negatively impacted gross margin by 115
bps.
Revenues
Adj. Gross Margin(2)
Operating Margin
CROCS inc
1.
2.
Q1'2023
$649M
56.3%
33.6%
B/(W) vs. PY
+21.6%(1)
140 bp
350 bp
Revenue growth on a constant currency basis, which is a Non-GAAP Financial Measure. See further details in Appendix.
See reconciliation to GAAP equivalents in Appendix.
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