Crocs — Oct 29, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001334036-24-000156
Showing in the filing
Non-GAAP adjustments
“approximately $28 million”
Period
FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 20
Revenues for Q4 FY2024
“flat to up slightly compared to fourth quarter 2023”
Crocs Brand for Q4 FY2024
“grow approximately 2%”
Crocs Brand revenue growth for Q4 FY2024
“approximately 2% compared to fourth quarter 2023”
HEYDUDE Brand revenue for Q4 FY2024
“down 6% to 4% compared to fourth quarter 2023”
HEYDUDE Brand for Q4 FY2024
“down 6% to 4%”
Adjusted operating margin for Q4 FY2024
“approximately 19.5%”
Adjusted diluted earnings per share for Q4 FY2024
“$2.20 to $2.28”
Revenue growth for FY2024
“approximately 3% compared to 2023”
Revenues for the Crocs Brand for FY2024
“grow approximately 8%”
Revenues for the HEYDUDE Brand for FY2024
“down approximately 14.5%”
Adjusted operating margin for FY2024
“more than 25%”
Non-GAAP adjustments for FY2024
“approximately $28 million”
Non-GAAP adjustments related to ERP implemen… for FY2024
“approximately $28 million”
Non-GAAP effective tax rate for FY2024
“approximately 16%”
Capital expenditures for FY2024
“$90 million to $100 million”
GAAP operating margin for FY2024
“Over 24%”
Non-GAAP operating margin for FY2024
“Over 25%”
GAAP effective tax rate for FY2024
“21%”
GAAP diluted earnings per share for FY2024
“$11.83 to $11.91”
Non-GAAP diluted earnings per share for FY2024
“$12.82 to $12.90”
Exhibit 99.1 · the passage around this item
… earlier in the release
◦ 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 future share repurchases. • Capital expenditures of $90 million to $100 million compared to prior guidance of $100 million to $110 million. Conference Call Information A conference call to discuss third quarter 2024 results is scheduled for today, Tuesday, October 29, 2024, at 8:30 am ET. To receive conference call details, please register at the Investor Relations section of the Crocs website, investors.crocs.com. The webcast will also be available live and on replay through October 29, 2025 at this site. About Crocs, Inc.: Crocs, Inc. (Nasdaq: CROX), headquartered in Broomfield, Colorado, is a world leader in innovative casual footwear for all, combining comfort and style with a value that consumers know
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.