CROCS inc. Q3 2024 Investor Presentation Forward Looking Statement This document includes estimates, projections, and statements relating to our business plans, commitments, objectives, and expected operating results that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statemen ...

Financial Data and Key Metrics Changes - Consolidated enterprise revenues reached $1.1 billion, growing 2% year-over-year, with DTC growth of 5% [6][25] - Adjusted diluted EPS increased 11% to $3.60 per share [6][32] - Adjusted gross margin for the third quarter was 59.6%, up 220 basis points from the previous year [29] - Adjusted SG&A dollars increased 19% year-over-year, with an adjusted SG&A rate of 34.2%, up 510 basis points [31] Business Line Data and Key Metrics Changes - Crocs brand revenues were $858 million, growing 8% year-over-year, with DTC and wholesale each growing 8% [25] - HEYDUDE revenues declined 17% to $204 million, with wholesale down 23% and DTC down 9% [28] - Crocs sold 32.1 million pairs of shoes, an increase of 11% year-over-year, while brand ASPs decreased 3% to $26.48 [26] Market Data and Key Metrics Changes - North American revenues grew 2% to $491 million, with DTC up 4% and wholesale down 2% [27] - International revenues grew 17% to $367 million, with DTC growth of 18% and wholesale growth of 15% [27] - China business grew over 20%, following a 90% growth last year, with growth driven by mono-brand partner stores [15][27] Company Strategy and Development Direction - The company is focusing on three primary levers for long-term growth: driving awareness and relevance, gaining market share in Tier-1 markets, and diversifying product range [46] - HEYDUDE is prioritizing brand health and building a community, with a focus on female youth culture and strategic partnerships [19][20] - The company is adjusting its investment strategy, shifting from performance marketing to brand marketing for HEYDUDE [57] Management's Comments on Operating Environment and Future Outlook - Management noted a cautious consumer environment in North America, expecting muted conditions until the holiday season [14] - The company anticipates continued growth in China despite a slowdown, supported by mono-brand store openings [16][75] - For 2024, the company adjusted its revenue growth outlook to approximately 3%, with Crocs brand growth expected at around 8% and HEYDUDE down approximately 14.5% [35][36] Other Important Information - The company repurchased $151 million of shares during the quarter, with $549 million remaining on its share repurchase authorization [34] - The company is maintaining a strong liquidity position with $186 million in cash and $559 million in borrowing capacity [33] Q&A Session Summary Question: Details on Crocs North America DTC business and 2025 outlook - Management expects North America to grow about 2.5% for the year, with a stable and profitable business model [50][51] Question: HEYDUDE distribution actions and profitability - The company streamlined its account base, focusing on larger strategic accounts while maintaining some smaller, regional customers [54] - Management is confident in HEYDUDE's long-term growth potential despite current performance challenges [57] Question: Crocs North America growth expectations for 2025 - Management anticipates modest growth for North America Crocs in 2025, with international growth being a key driver [73] Question: HEYDUDE marketing strategy changes and KPIs - The company shifted from performance marketing to brand marketing, impacting short-term revenue but aiming for long-term brand health [57] Question: International growth potential in 2025 - Management remains confident in growth in China, India, and key European markets, despite recent challenges [75]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

The consumer sector represents companies that provide products and services directly to everyday shoppers. It includes retailers, food companies, personal care brands, and entertainment providers. Consumer stocks let investors own shares in these companies that serve daily consumer needs. The sector divides into consumer staples for essential items and consumer discretionary for non-essential purchases.Investing in consumer stocks can offer stability through companies selling products people always need. Ma ...

Crocs (CROX) came out with quarterly earnings of $3.60 per share, beating the Zacks Consensus Estimate of $3.13 per share. This compares to earnings of $3.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.02%. A quarter ago, it was expected that this footwear company would post earnings of $3.59 per share when it actually produced earnings of $4.01, delivering a surprise of 11.70%.Over the last four quarters, the company h ...

Exhibit 99.1 https://files.reportify.cc/media/production Investor Contact: Erinn Murphy, Crocs, Inc. (303) 848-7005 emurphy@crocs.com PR Contact: Melissa Layton, Crocs, Inc. (303) 848-7885 mlayton@crocs.com Crocs, Inc. Reports Better-Than-Expected Third Quarter Results And Adjusts Full Year 2024 Outlook • Third Quarter Diluted EPS Up 17% to $3.36 and Adjusted Diluted EPS Up 11% to $3.60 • Third Quarter Revenues Increase 2% to $1.06 Billion • Third Quarter Crocs Brand Grows 8% Constant Currency Fueled By Bal ...

This week's earnings lineup will feature a flurry of prominent companies reporting their third quarter results.Set to release their Q3 reports on Tuesday, October 29, Alphabet (GOOGL) , Crocs (CROX) , and Royal Caribbean Cruises (RCL)  are three noteworthy names to watch as their stocks sport a Zacks Rank #2 (Buy). The Most Undervalued Magnificent Seven Stock - GOOGL Arguably the most undervalued of the Magnificent Seven-themed tech stocks, Wall Street will be watching Alphabet’s Q3 results closely. Despite ...

Crocs, Inc. (CROX) is scheduled to release third-quarter 2024 results on Oct. 29, before market open. The Zacks Consensus Estimate for revenues is pegged at $1.05 billion, indicating a rise of 0.5% from the prior-year figure. The consensus estimate for earnings per share has increased a couple of cents in the past seven days to $3.13. The estimate indicates a decline of 3.7% from the year-ago reported number. The Broomfield, CO-based company has a trailing four-quarter earnings surprise of 14.9%, on average ...

Crocs (CROX) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 29. On ...

BofA Securities analyst Christopher Nardone reiterated the Buy rating on Crocs, Inc CROX, with a price objective of $179. The company said it will discuss the results of its third quarter on Tuesday, October 29. Nardone cites an attractive risk/reward for the stock that is pegged at a 10x P/E ratio. The analyst projects third-quarter earnings per share (EPS) of $3.17, slightly exceeding the guidance range of $2.95 to $3.10 and 2% above consensus estimates. This forecast includes a 5.8% growth in Crocs sales ...