HighGravityDataCrocs — Feb 13, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001334036-25-000007
Showing in the filing
Non-GAAP effective tax rate
“approximately 18.0%”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 18
Annual operating margin for FY2025
“committed to maintaining an annual operating margin at or above this level”
Operating margin for the long term
“committed to maintaining an annual operating margin at or above this level”
Share repurchase authorization
“a $1.0 billion increase to our share repurchase authorization, after which approximately $1.3 billion remained available for future common stock repurchases”
Revenues for Q1 FY2025
“down approximately 3.5%”
Foreign currency impact on revenue for Q1 FY2025
“anticipated negative impact of approximately $19 million”
Crocs Brand for Q1 FY2025
“down approximately 1% to flat compared to the first quarter of 2024”
HEYDUDE Brand for Q1 FY2025
“down approximately 16% to 14%”
Adjusted operating margin for Q1 FY2025
“approximately 21.5%, including an anticipated negative impact of approximately 80 bps from both foreign currency and announced and pending tariffs”
Adjusted diluted earnings per share for Q1 FY2025
“$2.38 to $2.52”
Revenue growth for FY2025
“approximately 2% to 2.5%”
Foreign currency impact on revenue for FY2025
“anticipated negative impact of approximately $62 million”
Crocs Brand for FY2025
“grow approximately 4.5% compared to full year 2024”
HEYDUDE Brand for FY2025
“down approximately 9% to 7%”
Adjusted operating margin for FY2025
“approximately 24.0%, including an anticipated negative impact of approximately 60 bps from both foreign currency and announced and pending tariffs”
Combined GAAP tax rate for FY2025
“approximately 21.5%”
Non-GAAP effective tax rate for FY2025
“approximately 18.0%”
Adjusted diluted earnings per share for FY2025
“$12.70 to $13.15”
Capital expenditures for FY2025
“$80 million to $100 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
3 • Adjusted operating margin of approximately 24.0%, including an anticipated negative impact of approximately 60 bps from both foreign currency and announced and pending tariffs. • Combined GAAP tax rate of approximately 21.5% and non-GAAP effective tax rate of approximately 18.0%. • Adjusted diluted earnings per share of $12.70 to $13.15. Adjusted diluted earnings per share guidance does not assume any impact from potential future share repurchases. • Capital expenditures of $80 million to $100 million. Conference Call Information A conference call to discuss fourth quarter and full-year 2024 results is scheduled for today, Thursday, February 13, 2025, 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 February 13, 2026 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 and love. The Company's brands include Crocs and HEYDUDE, and its products are sold in more than 80 countries through wholesale and direct-to-consumer channels. For more information on Crocs, Inc. visit investors.crocs.com. To learn more about our brands, visit www.crocs.com or www.heydude.com. Individuals can also visit https://investors.crocs.com/news-and-events/ and follo
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.