Crocs Results Presentation Deck
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APPENDIX
NON-GAAP RECONCILIATION (CONT'D)
Non-GAAP Income from Operations and Operating Margin Reconciliation by Brand:
Crocs Brand GAAP income from operations
Non-GAAP cost of sales adjustments(1)
Non-GAAP selling, general and administrative expenses adjustments (²)
Non-GAAP income from operations
GAAP operating margin
Non-GAAP operating margin
HEYDUDE Brand GAAP income from operations
Non-GAAP cost of sales adjustments (1)
Non-GAAP income from operations
GAAP operating margin
Non-GAAP operating margin
LA
Three Months Ended March 31,
2021
2022
(in thousands)
163,935 $
2,991
5,267
172,193
30.1%
31.6 %
(in thousands)
15,658 $
27,927
43,585
$
13.6 %
37.9 %
Three Months Ended March 31,
2022
2021
$
154,819
985
155,804
33.6 %
33.9 %
- %
- %
1) See 'Non-GAAP cost of sales, gross profit, and gross margin reconciliation' above for more information.
(2) See 'Non-GAAP selling, general and administrative expenses and selling, general and administrative expenses as a percent of revenues reconciliation' above for more information.
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