Crocs Results Presentation Deck
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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 %
$
$
$
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- %
- %
30
AC
5
JE
12
TD.
40
JE
24
JC
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