Crocs — Feb 12, 2026 release

• Total borrowings were $1,231 million compared to $1,349 million. • Capital expenditures were $51 million compared to $69 million. Financial Outlook First Quarter 2026 For the first quarter of 2026, we expect: • Revenues to be down approximately 5.5% to 3.5% to the first quarter of 2025, at currency rates as of February 9, 2026. ◦ Crocs Brand to be down approximately low-single-digits to the first quarter of 2025. ◦ HEYDUDE Brand to be down approximately 18% to 15% to the first quarter of 2025. • Adjusted operating margin to be approximately 21.5%. • Adjusted diluted earnings per share to be in the range of $2.67 to $2.77. Full-Year 2026 For 2026, we expect: • Revenues to be down approximately 1% to up slightly compared to full-year 2025, at currency rates as of February 9, 2026. ◦ Crocs Brand to be approximately flat to up 2% compared to full-year 2025. ◦ HEYDUDE Brand to be down approximately 9% to 7% compared to full-year 2025. • Non-GAAP adjustments to be approximately $25 million primarily associated with supply chain optimization and other cost savings efficiencies. • Adjusted operating margin to expand modestly from 22.3%. • GAAP effective tax rate to be approximately 23% and adjusted effective tax rate to be approximately 18%. • Adjusted diluted earnings per share to be in the range of $12.88 to $13.35. Adjusted diluted earnings per share guidance does not assume any impact from potential future share repurchases. • Capital ex