Crocs Results Presentation Deck slide image

Crocs Results Presentation Deck

cr CS cr CS Cl OC C APPENDIX NON-GAAP RECONCILIATION (CONT'D) Non-GAAP Cost of Sales, Gross Profit, and Gross Margin Reconciliation by Brand: Crocs Brand GAAP revenues GAAP cost of sales Distribution centers (1) Inventory reserve in Russia (3) Total adjustments Non-GAAP cost of sales GAAP gross profit GAAP gross margin as a percent of revenues Non-GAAP gross profit Non-GAAP gross margin as a percent of revenues GA GA Three Months Ended March 31, 2022 2021 (in thousands) 545,225 $ 248,617 (1,191) (1,800) (2,991) 245,626 296,608 54.4% 299,599 54.9 % 460,098 206,879 (985) (985) 205,894 253,219 55.0 % 254,204 55.2 % HEYDUDE Brand GAAP revenues GAAP cost of sales HEYDUDE inventory fair value adjustment (2) Total adjustments Non-GAAP cost of sales GAAP gross profit GAAP gross margin as a percent of revenues Non-GAAP gross profit Non-GAAP gross margin as a percent of revenues (1) Represents expenses, including expansion costs and duplicate rent costs, related to our distribution centers in Dayton, Ohio and Dordrecht, the Netherlands. (2) Represents a write-up of HEYDUDE inventory costs to fair value upon the close of the acquisition on February 17, 2022. (3) Represents an inventory reserve expense in our EMEALA segment associated with our pause of certain operations in Russia. Three Months Ended March 31, 2022 2021 (in thousands) $ 114,923 85,458 (27,927) (27,927) 57,531 29,465 25.6 % 57,392 49.9 % $ $ $ ||||||| - % - % 30 AC 5 JE 12 TD. 40 JE 24 JC 76
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