クロックスの適時開示・その他

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (date of earliest event reported): February 15, 2024

CROCS, INC.

(Exact name of registrant as specified in its charter)

Delaware

0-51754

20-2164234

(State or other jurisdiction

(Commission File Number)

(I.R.S. Employer

of incorporation)

Identification No.)

500 Eldorado Blvd., Building 5

Broomfield,

Colorado

80021

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (303) 848-7000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading symbol:

Name of each exchange on which registered:

Common Stock, par value $0.001 per share

CROX

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.45) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure.

On February 15, 2024, Crocs, Inc. (“we” or “our”) is filing this Current Report on Form 8-K to reflect changes to the presentation of a note to the consolidated financial statements as set forth in (i) our Quarterly Report on Form 10-Q for the period ended March 31, 2023, as filed with the Securities and Exchange Commission (the “SEC”) on April 27, 2023 (the “Q1 2023 10-Q”), (ii) our Quarterly Report on Form 10-Q for the period ended June 30, 2023, as filed with the SEC on July 27, 2023 (the “Q2 2023 10-Q”), and (iii) our Quarterly Report on Form 10-Q for the period ended September 30, 2023, as filed with the SEC on November 2, 2023 (the “Q3 2023 10-Q”), to reclassify certain amounts to conform to our most recent period presentation shown within our Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 10-K”). To reflect the change in presentation, we have attached Exhibit 99.1 to this Current Report on Form 8-K to update the previously reported amounts in the Revenues footnotes as disclosed in our Q1 2023 10-Q, Q2 2023 10-Q, and Q3 2023 10-Q.

Except for the changes described above, this Current Report on Form 8-K does not modify or update disclosures as presented in our 2023 10-K or our Q1 2023 10-Q, Q2 2023 10-Q, or Q3 2023 10-Q and does not reflect any changes, events, or activities occurring after the applicable filing date. We have not otherwise updated for activities or events occurring after the applicable dates these items were originally presented. The information in this Current Report on Form 8-K should be read in conjunction with the other information included in our 2023 10-K, Q1 2023 10-Q, Q2 2023 10-Q, and Q3 2023 10-Q.

The information in this Item 7.01 and Exhibit 99.1 furnished hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.						Description
99.1						Unaudited revised Revenues footnotes in the Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023, and September 30, 2023.

101.INS						XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

101.SCH						XBRL Taxonomy Extension Schema Document.

101.CAL						XBRL Taxonomy Extension Calculation Linkbase Document.

101.DEF						XBRL Taxonomy Extension Definition Linkbase Document.

101.LAB						XBRL Taxonomy Extension Label Linkbase Document.

101.PRE						XBRL Taxonomy Extension Presentation Linkbase Document.

104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	CROCS, INC.

Date: February 15, 2024	By:	/s/ Anne Mehlman
		Anne Mehlman
		Executive Vice President and Chief Financial Officer

Exhibit 99.1


	Three Months Ended March 31,
	2023		2022
	(in thousands)
Crocs Brand:
North America:
Wholesale	$	172,055	$	163,455
Direct-to-consumer	179,254		156,002
Total North America (1)	351,309		319,457
International:
Wholesale	238,508		180,803
Direct-to-consumer	58,961		44,965
Total International	297,469		225,768
Total Crocs Brand	$	648,778	$	545,225

Crocs Brand:
Total Wholesale	$	410,563	$	344,258
Total Direct-to-consumer	238,215		200,967
Total Crocs Brand	648,778		545,225
HEYDUDE Brand:
Total Wholesale	167,863		86,919
Total Direct-to-consumer	67,525		28,004
Total HEYDUDE Brand (2)	235,388		114,923
Total consolidated revenues	$	884,166	$	660,148

(1) North America includes the United States and Canada.

(2) The vast majority of HEYDUDE Brand revenues are derived from North America.


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in thousands)
Crocs Brand:
North America:
Wholesale	$	181,085	$	171,957	$	353,140	$	335,412
Direct-to-consumer	293,473		250,993		472,727		406,995
Total North America (1)	474,558		422,950		825,867		742,407
International:
Wholesale	226,257		220,554		464,765		401,356
Direct-to-consumer	132,135		88,712		191,096		133,678
Total International	358,392		309,266		655,861		535,034
Total Crocs Brand	$	832,950	$	732,216	$	1,481,728	$	1,277,441

Crocs Brand:
Total Wholesale	$	407,342	$	392,511	$	817,905	$	736,768
Total Direct-to-consumer	425,608		339,705		663,823		540,673
Total Crocs Brand	832,950		732,216		1,481,728		1,277,441
HEYDUDE Brand:
Total Wholesale	148,825		162,499		316,688		249,418
Total Direct-to-consumer	90,592		69,866		158,117		97,870
Total HEYDUDE Brand (2)	239,417		232,365		474,805		347,288
Total consolidated revenues	$	1,072,367	$	964,581	$	1,956,533	$	1,624,729

(1) North America includes the United States and Canada.

(2) The vast majority of HEYDUDE Brand revenues are derived from North America.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in thousands)
Crocs Brand:
North America:
Wholesale	$	164,920	$	166,626	$	518,059	$	502,038
Direct-to-consumer	315,824		278,702		788,550		685,697
Total North America (1)	480,744		445,328		1,306,609		1,187,735
International:
Wholesale	204,257		186,678		669,022		588,035
Direct-to-consumer	113,768		83,701		304,866		217,378
Total International	318,025		270,379		973,888		805,413
Total Crocs Brand	$	798,769	$	715,707	$	2,280,497	$	1,993,148

Crocs Brand:
Total Wholesale	$	369,177	$	353,304	$	1,187,081	$	1,090,073
Total Direct-to-consumer	429,592		362,403		1,093,416		903,075
Total Crocs Brand	798,769		715,707		2,280,497		1,993,148
HEYDUDE Brand:
Total Wholesale	146,501		181,768		463,189		431,186
Total Direct-to-consumer	100,447		87,619		258,564		185,489
Total HEYDUDE Brand (2)	246,948		269,387		721,753		616,675
Total consolidated revenues	$	1,045,717	$	985,094	$	3,002,250	$	2,609,823

(1) North America includes the United States and Canada.

(2) The vast majority of HEYDUDE Brand revenues are derived from North America.