Crocs — Oct 30, 2025 release

• Total borrowings were $1,318 million compared to $1,422 million. • Capital expenditures were $45 million compared to $51 million. Financial Outlook Fourth Quarter 2025 For the fourth quarter of 2025, we expect: • Revenues to be down approximately 8% compared to the fourth quarter of 2024, at currency rates as of October 27, 2025. ◦ Crocs Brand to be down approximately 3% compared to fourth quarter 2024. ◦ HEYDUDE Brand to be down mid-20% approximately compared to fourth quarter 2024. • Non-GAAP adjustments to be approximately $10 million primarily associated with our cost reduction initiatives. • Adjusted operating margin to be approximately 15.5%. • GAAP effective tax rate to be approximately 20% and adjusted effective tax rate to be approximately 16%. • Adjusted diluted earnings per share to be in the range of $1.82 to $1.92. Adjusted diluted earnings per share guidance does not assume any impact from potential future share repurchases. Separately, we expect capital expenditures of $70 million to $75 million for full year 2025. Conference Call Information A conference call to discuss third quarter results is scheduled for today, Thursday, October 30, 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 October 30, 2026, at this site. About Crocs, Inc.: Crocs, Inc. (Na