Crocs — Oct 29, 2024 release

Financial Outlook Fourth Quarter 2024 With respect to the fourth quarter of 2024, we expect: • Revenues to be flat to up slightly compared to fourth quarter 2023, at currency rates as of the end of the last reported period. ◦ Crocs Brand to grow approximately 2% compared to fourth quarter 2023. ◦ HEYDUDE Brand to be down 6% to 4% compared to fourth quarter 2023. • Adjusted operating margin of approximately 19.5% . • Adjusted diluted earnings per share of $2.20 to $2.28. Full Year 2024 With respect to 2024, we now expect: • Revenue growth of approximately 3% compared to 2023, at currency rates as of the end of the last reported period, at the lower end of prior guidance of 3% to 5%. ◦ Revenues for the Crocs Brand to grow approximately 8%, versus growth of 7% to 9% prior . ◦ Revenues for the HEYDUDE Brand to be down approximately 14.5%, versus down 10% to 8% prior. • Adjusted operating margin of more than 25%. • Non-GAAP adjustments of approximately $28 million related to the implementation of a new enterprise resource planning (“ERP”) system for HEYDUDE, and costs to transition to our new HEYDUDE distribution center in Las Vegas, Nevada. 2 • Combined GAAP tax rate of approximately 21% and non-GAAP effective tax rate of approximately 16%. • Adjusted diluted earnings per share of $12.82 to $12.90, at the high end of prior guidance of $12.45 to $12.90. Adjusted diluted earnings per share guidance does not assume any impact from potential futu