Crocs sees FY24 adjusted EPS $12.25-$12.73, consensus $12.43

Sees FY24 revenue growth 3%-5% vs. last year. Sees FY24 revenues for the Crocs Brand up 7%-9%; revenues for the HEYDUDE Brand (10%)-(8%); adjusted operating margin 25%; Non-GAAP adjustments of approximately $28M related to the implementation of a new enterprise resource planning system for HEYDUDE, and costs to transition to our new HEYDUDE distribution center in Las Vegas, Nevada. Adjusted diluted EPS does not assume any impact from potential future share repurchases. As of March 31 the Company had $875M remaining on its current share repurchase authorization. Sees FY24 Capital expenditures $120M-$130M.