Start Time: 08:30 January 1, 0000 9:22 AM ET

Crocs, Inc. (NASDAQ:CROX)

Q3 2022 Earnings Conference Call

October 03, 2022, 08:30 AM ET

Company Participants

Andrew Rees - CEO

Anne Mehlman - EVP and CFO

Cori Lin - VP, Corporate Finance

Conference Call Participants

Jonathan Komp - Baird

Abbie Zvejnieks - Piper Sandler

Tom Nikic - Wedbush Securities

Sam Poser - Williams Trading

Laura Champine - Loop Capital Markets

Jim Duffy - Stifel

Mitch Kummetz - Seaport

Operator

Hello, and welcome to the Crocs, Inc. Third Quarter 2022 Earnings Call. All participants will be in listen-only mode. [Operator Instructions]. After today's presentation, there will be an opportunity to ask questions. [Operator Instructions]. Please note, today's event is being recorded.

I now would like to turn the conference over to your host today, Ms. Cori Lin. Ms. Lin, please go ahead.

Cori Lin

Good morning everyone and thank you for joining us today for the Crocs third quarter 2022 earnings call. Earlier this morning, we announced our latest quarterly results and a copy of the press release may be found on our Web site at Crocs.com.

We would like to remind you that some of the information provided on this call is forward-looking and accordingly is subject to the Safe Harbor provisions of the Federal Securities Laws. These statements include, but are not limited to, statements regarding our supply chain challenges, cost inflation, the acquisition of HEYDUDE and the benefits thereof, Crocs' strategy, plans, objectives, expectations, financial or otherwise and intentions, future financial results and growth potential, anticipated product portfolio, our ability to create and deliver shareholder value and statements regarding potential impacts to our business related to the COVID-19 pandemic.

These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Crocs is not obligated to update these forward-looking statements to reflect the impact of future events, except as required by applicable law.

We caution you that all forward-looking statements are subject to risks and uncertainties described in the Risk Factors section of our annual report on Form 10-K and our subsequent filings with the SEC. Accordingly, actual results could differ materially from those described on this call.

Please refer to the Crocs annual report on Form 10-K as well as other documents filed with the SEC for more information relating to these risk factors. Certain financial metrics that we refer to as adjusted or “non-GAAP” are non-GAAP measures. A reconciliation of these amounts to their GAAP counterparts is contained in the press release we issued earlier this morning.