Crocs — Feb 13, 2025 release

Upsizes Share Repurchase Authorization To $1.3 Billion Earlier this month, the Board approved a $1.0 billion increase to our share repurchase authorization, after which approximately $1.3 billion remained available for future common stock repurchases. Financial Outlook First Quarter 2025 With respect to the first quarter of 2025 , we expect: • Revenues to be down approximately 3.5% compared to the first quarter of 2024 , at currency rates as of February 10, 2025. This includes an anticipated negative impact of approximately $19 million from foreign currency. ◦ Crocs Brand to be down approximately 1% to flat compared to the first quarter of 2024 . ◦ HEYDUDE Brand to be down approximately 16% to 14% compared to the first quarter of 2024. • Adjusted operating margin of 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 of $2.38 to $2.52. Adjusted diluted earnings per share guidance does not assume any impact from potential future share repurchases. Full Year 2025 With respect to 2025 , we expect: • Revenue growth of approximately 2% to 2.5% compared to full year 2024 , at currency rates as of February 10, 2025. This includes an anticipated negative impact of approximately $62 million from foreign currency. ◦ Crocs Brand to grow approximately 4.5% compared to full year 2024. ◦ HEYDUDE Brand to be down approximately 9% to 7% compared to full year 2024. 3 • Adjusted operating margin of approximately 24.0%, including an anticipated