Crocs Results Presentation Deck slide image

Crocs Results Presentation Deck

Q1 Financial Highlights HEYDUDE Brand Q1 Highlights • Revenues of $235M, +106% CC vs PY / +15% on a PF basis(1) HEYDUDE ranked #1 in casual footwear for men and women in L.E.K. report on footwear and apparel brand heat • HEYDUDE ranked #8 preferred footwear brand for teens, up from Spring '22, in Piper Sandler's Spring 2023 Taking Stock with Teens Survey ● Diversifying silhouettes with Karina and Sirocco sneakers as top selling styles on heydude.com • International test and learn has begun with first e-commerce and Amazon orders shipped from the Netherlands distribution center in early April • Two significant initiatives - ERP implementation and a new distribution center in Las Vegas - both expected to be complete towards year end Revenue Adj. Gross Margin(2) Operating Margin(3) CROCS inc 1. 2. 3. Q1'2023 $235M 49.6% 32.6% B/(W) vs. PY +105.7% (1) (30) bp 1,890 bp prants & Revenue growth on a constant currency basis, which is a Non-GAAP Financial Measure. See further details in Appendix. Pro forma ("PF") includes HEYDUDE revenues for the period prior to acquisition close (assuming the acquisition had closed on January 1, 2022.) See reconciliation to GAAP equivalents in Appendix. Prior year operating margin included $28 million costs associated with the write-up of HEYDUDE inventory costs to fair value upon the close of the acquisition on February 17, 2022. 26
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