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  "documentTitle": "Crocs | Investor Presentation Deck | 29 slides",
  "authorId": "crocs",
  "authorName": "Crocs",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-01-01 00:00:00",
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  "notes": "Slide highlights strong financial health and successful integration of the HEYDUDE brand.",
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      "text": "HEYDUDE acquisition continues to outperform from a growth, consumer resonance and profit perspective. Upon acquisition, expected pro forma** revenues of $700M-$750M, and now expect revenues to be nearly $1B",
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      "text": "Expect revenues of ~$3.55B* with growth of ~53%\n- Crocs Brand revenues expected to be up ~15% to ~$2.65B or ~19% constant currency\n- HEYDUDE Brand revenues expected to be >$890M; on a pro forma basis** revenues expected to have increased ~70% to nearly $1B",
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      "text": "Strong cash flow drove ~$550M reduction in borrowings from $2.9B in Q1 to ~$2.3B in Q4\n- Repaid $300M on Term Loan B in Q4",
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      "text": "Continue to expect industry-leading adjusted operating margin of ~27%*",
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      "text": "* FY 2022E reflects expected estimated revenues and guidance for non-GAAP operating margin. Full 2022 financial results to be announced in February 2023. See reconciliation to GAAP equivalents in Appendix.\n** Pro forma includes HEYDUDE for the period prior to acquisition close (assuming the acquisition had closed on the first day of such trailing twelve month period).",
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      "kind": "title",
      "text": "CROCS, INC. EXPECTS TO REPORT AN EXCEPTIONAL 2022",
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