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  "documentTitle": "Crocs | Investor Presentation Deck | 29 slides",
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  "authorName": "Crocs",
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  "presentationDate": "2024-01-01 00:00:00",
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  "notes": "The slide highlights strong financial performance and debt reduction strategies.",
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      "text": "1. FY 2023E reflects expected estimated revenues and guidance for revenues and non-GAAP operating margin. Full 2023 financial results to be announced in February 2024. See reconciliation to GAAP equivalents in Appendix.",
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      "text": "Expect Q4'23 revenues of ~$960M or over 1% Y/Y above guidance for (4%)-(1%); Crocs Brand Q4 revenue expected to be up almost 10% Y/Y above guidance of 4%-7%; HEYDUDE Brand revenues down (19%) Y/Y vs. guidance for (25%)-(20%)",
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      "text": "Continue to deploy our strong FCF generation through rapid debt paydown and share buyback; Expect to achieve net leverage <1.5x in FY23E with incremental $277M net debt paydown in Q4; Repaid $1.2B in debt since HEYDUDE acquisition and ~$665M in 2023; Bought back $25M in stock in Q4 at an average cost of $86.32 per share",
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      "text": "Expect another year of industry-leading margins; Raising our adjusted operating margin guidance to \"in excess\" of 27%",
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      "text": "Expect FY23 revenues of ~$3.95B or over 11% Y/Y exceeding high-end of guidance; Crocs Brand revenues expected to be up ~13% Y/Y, surpassing $3B mark; HEYDUDE Brand revenues expected to be ~$949M",
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      "text": "Crocs, Inc. Expects to Report Record 2023 Results",
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