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Disney Planes Competition


‘Tell us what you want to be when you grow up to win a Crocs and Disney Planes Prize Pack!’


HOW TO ENTER


Entrants must tell us what they want to be when they grow up in 25 words or less on the Crocs Australia Facebook page and the five most creative answers will win a Disney Planes prize pack.

Log onto www.facebook.com/crocsaus between 12.00pm AEST on Monday 31st March, 2014 and 5.00pm AEST on Monday 7th April, 2014 to enter. Only one entry per person is permitted. Entries close at 5.00pm (AEST) on Monday 7th April, 2014.

For details concerning how your personal information is managed, please refer to the Conditions of Entry.


CONDITIONS OF ENTRY


  • 1. Information on how to enter and prizes forms part of these conditions. Entry into this competition is deemed to be an acceptance of these conditions and the Promoter's Privacy Policy. This competition is a game of skill.

  • 2. Entry is open to Australian residents aged 13 years and over. Employees of the Promoter and its agencies associated with this competition and their immediate families are not eligible to enter. The Promoter reserves the right to determine validity of entries and acceptance of entries, at the discretion of the Promoter.

  • 3. Competition commences 12.00pm AEST on Monday 31st March, 2014 and entries close 5.00pm AEST on Monday 7th April, 2014. The judging will take place at 10am (AEST) on Tuesday 8th April, 2014 at Crocs Australia, L3/47 Wellington Street, St Kilda 3182. The name of the Winner will be published at www.facebook.com/crocsaus on Tuesday 8th April, 2014. The winner will be notified through www.facebook.com/crocsaus. The Winner consents to the publication of their name at www.facebook.com/crocsaus.

  • 4. The five answers deemed to be the most creative will each win one pair of Crocs CC Planes Clog, one pair of Crocs (style and model to be decided by Crocs) and a Disney Planes Prize pack (1 copy of Planes Blue-Ray, 1 Kids T-shirt and 1 YoYo). Total prize pool: five (5) prizes. Maximum total value of each prize pool is AUD$210.00. Prize is not transferable or exchangeable and cannot be taken as cash. The Promoter’s decision is final and no correspondence will be entered into. Prize must be taken on the designated date and any part of the prize not taken on the designated date is forfeited. Prize value includes GST where applicable.

  • 5. Prize Winners are advised that tax implications may arise from their prize winnings and they should seek independent financial advice prior to the acceptance of the prize.

  • 6. The value of the prize in item 4 is shown as a guide only, was correct at the time of printing and includes GST where applicable. The Promoter accepts no responsibility for any variation in prize value. Should the items specified in item 4 above be unavailable or superseded, the Promoter reserves the right to substitute a prize of a similar replacement type and value, subject to the approval of the gaming authorities, where relevant.

  • 7. The Promoter accepts no responsibility for any late, lost or misdirected entries or for any problems or technical malfunction of any telephone network or lines, computer online systems, servers, or providers, computer equipment, software, technical problems or traffic congestions on the Internet or at any website, or any combination thereof, including but not limited to, any injury or damage to participants or any other person’s computer related to or resulting from participation in or downloading any materials in this competition.

  • 8. If for any reason this competition is not capable of running as planned, including but not limited to, infection by computer virus, bugs, tampering, unauthorised intervention, fraud, technical failures, or any other causes beyond the control of the Promoter which corrupts or affect the administration, security, fairness, integrity or proper conduct of this competition, the Promoter reserves the right in its sole discretion to disqualify any individual who tampers with the entry process, and, subject to any written directions given by the various Lottery Departments, if any, to cancel, terminate, modify or suspend the competition. Any attempt by any person to deliberately undermine the legitimate operation of the competition may be in violation of criminal and civil law, and should such an attempt be made, the Promoter reserves the right to seek damages from any such person to the fullest extent permitted by law. The Promoter's failure to enforce any term of these Conditions of Entry shall not constitute a waiver of these provisions. Entrants agree that in the event of a dispute as to the identity of an online entrant, the authorised account holder of the email address used to enter will be deemed to be the entrant. Winner may be required to show proof of being the authorised account holder.

  • 9. Any costs associated with accessing the Crocs Australia page on facebook and www.crocs.com.au is the entrant’s responsibility and is dependent on the Internet service provider used.

  • 10. All entries are deemed to be received at the time of receipt into the promotional database and not at the time of transmission by the entrant.

  • 11. The Promoter and the Entrants acknowledge that there are certain guarantees, warranties, terms and conditions imposed by law relating to the supply of goods and services which the law expressly provides may not be excluded, restricted or modified or may only be modified to a certain extent (Statutory Obligations). Except as required under the Statutory Obligations, or as otherwise permitted by law, the Promoter will not be liable for (1) any loss or damage whatsoever which is suffered (including but not limited to indirect or consequential loss) or for personal injury which is suffered or sustained, as a result of taking a prize or in the misuse of the prize; (2) any incorrect or inaccurate information, whether caused by Entrants, printing errors or by any of the equipment or programming associated with or utilised in the competition; (3) technical failures of any kind, including, but not limited to malfunctions, interruptions, or disconnections in phone lines or network hardware or software; (4) unauthorised human intervention in any part of the entry process or the competition; or (5) technical or human error which may occur in the administration of the competition or the processing of entries. If for any reason an entrant’s entry is confirmed to have been erroneously deleted, lost, or otherwise destroyed or corrupted, the Entrant’s sole remedy is another entry in the competition. No more than the stated number of prizes will be awarded. Where the Statutory Obligations apply, liability of the Promoter for a breach of the Statutory Obligation in respect of the goods or services not ordinarily acquired for personal, domestic or household use or consumption is limited, at its option, to the repair or replacement of the goods or re-supply of services.

  • 12. Protecting your personal information - Crocs Australia Pty Ltd (the Promoter) may use winners’ names and photographs for publicity purposes. By participating in this competition, the Promoter may collect your name, address, phone number and email address. The Promoter will use this information to administer your participation in the competition. Further, the personal information contained on entries may be entered into a database and the Promoter and its related companies may use this information for research, promotional and marketing purposes, including via email, which you expressly consent to. An opportunity to opt-out of receiving additional promotional material from the Promoter and its related companies can be exercised by using the unsubscribe function in any email you receive from us. Information contained on the entries will be used exclusively by the Promoter and its related companies and not provided to any other party. Please contact the Promoter at the address provided below if you do not wish your information to be used by the Promoter for future promotional and marketing purposes. A request to access, correct or update any personal information should also be directed to the Promoter. By entering this competition, you consent to comply with Crocs Australia Pty Ltd privacy policy. A copy of the privacy policy may be found at http://www.crocsaustralia.com.au/privacy-security-policy/privacy-security-policy,en_AU,pg.html

  • 13. Entrants consent to the Promoter using the entrant’s name, likeness, image and/or voice in the event they are a winner (incl. photograph, film and/or recording of the same) in any media for an unlimited period of time without remuneration for the purpose of promoting this competition (including any outcome), and promoting any products manufactured, distributed and/or supplied by the Promoter.

  • 14. The Promoter reserves the right to request winners to provide proof of age, identity and residency at the nominated prize delivery address. Identification considered suitable for verification is at the discretion of the Promoter.

  • 15. The Promoter is Crocs Australia Pty Ltd ABN 86113735907, L3/47 Wellington Street, St Kilda 3182, phone 1800 469 382.

  • 16. This competition is in no way sponsored, endorsed or administered by, or associated with, Facebook. Entrants understand that they are providing their information to the Promoter and not to Facebook. Any questions, comments or complaints regarding this competition must be directed to Crocs Australia of Level 3, 47 Wellington Street, St Kilda, VIC 3182, and not to Facebook or any other social media channels. The information you provide will only be used in the ways outlined in these terms and conditions.



  • The Color Run Melbourne Dive into Comfort Photo Competition


    ‘Win a year’s supply of Crocs by getting the most votes on your Comfort dive from The Swisse Color Run Melbourne’


    HOW TO ENTER

    Entrants who take the best ‘dive’ on the Crocs Comfort Pillow at The Swisse Color Run in Melbourne on 2/3/2014 will be given the opportunity to let the public vote on Facebook in a Crocs Australia photo album on photos of the ‘divers’ and the image that receives the most ‘likes’ will be deemed the best dive on the The Swisse Color Run in Melbourne on 2/3/2014.


    Log onto www.facebook.com/crocsaus between 9.00am AEST on Tuesday 4th March, 2014 and entries close 5.00pm AEST on Monday 17th March, 2014 to vote for a photo. Only one entry per person is permitted. Entries close at 5.00pm (AEST) on Monday 17th March, 2014.


    For details concerning how your personal information is managed, please refer to the Conditions of Entry.


    CONDITIONS OF ENTRY


    1. Information on how to enter and prizes forms part of these conditions. Entry into this competition is deemed to be an acceptance of these conditions and the Promoter's Privacy Policy. This competition is a game of skill.


    2. Entry is open to Australian residents aged 18 years and over. Employees of the Promoter and its agencies associated with this competition and their immediate families are not eligible to enter. The Promoter reserves the right to determine validity of entries and acceptance of entries, at the discretion of the Promoter.


    3. Competition commences 9.00am AEST on Tuesday 4th March, 2014 and entries close 5.00pm AEST on Monday 17th March, 2014. The judging will take place at 10am (AEST) on Tuesday 18th March, 2014 at Crocs Australia, L3/47 Wellington Street, St Kilda 3182. The Winner will be notified by email and their name will be published at www.facebook.com/crocsaus on Tuesday 18th March, 2014. The Winner consents to the publication of their name and photograph at www.facebook.com/crocsaus.


    4. The photo deemed to be the most skillful dive into comfort at The Swisse Color Run in Melbourne on 2/3/2014, with the maximum number of facebook ‘likes’ from the public on the Crocs Australia facebook page will win a year’s supply of Crocs – total of four (4) pairs of Crocs shoes, one pair of shoes per quarter of 2014 (the style and model to be decided by Crocs). Total prize pool: one (1) prize. Maximum total value of prize pool is AUD$300.00. Prize is not transferable or exchangeable and cannot be taken as cash. The Promoter’s decision is final and no correspondence will be entered into. Prize must be taken on the designated date and any part of the prize not taken on the designated date is forfeited. Prize value includes GST where applicable.


    5. Prize Winners are advised that tax implications may arise from their prize winnings and they should seek independent financial advice prior to the acceptance of the prize.


    6. The value of the prize in item 4 is shown as a guide only, was correct at the time of printing and includes GST where applicable. The Promoter accepts no responsibility for any variation in prize value. Should the items specified in item 4 above be unavailable or superseded, the Promoter reserves the right to substitute a prize of a similar replacement type and value, subject to the approval of the gaming authorities, where relevant.


    7. The Promoter accepts no responsibility for any late, lost or misdirected entries or for any problems or technical malfunction of any telephone network or lines, computer online systems, servers, or providers, computer equipment, software, technical problems or traffic congestions on the Internet or at any website, or any combination thereof, including but not limited to, any injury or damage to participants or any other person’s computer related to or resulting from participation in or downloading any materials in this competition.


    8. If for any reason this competition is not capable of running as planned, including but not limited to, infection by computer virus, bugs, tampering, unauthorised intervention, fraud, technical failures, or any other causes beyond the control of the Promoter which corrupts or affect the administration, security, fairness, integrity or proper conduct of this competition, the Promoter reserves the right in its sole discretion to disqualify any individual who tampers with the entry process, and, subject to any written directions given by the various Lottery Departments, if any, to cancel, terminate, modify or suspend the competition. Any attempt by any person to deliberately undermine the legitimate operation of the competition may be in violation of criminal and civil law, and should such an attempt be made, the Promoter reserves the right to seek damages from any such person to the fullest extent permitted by law. The Promoter's failure to enforce any term of these Conditions of Entry shall not constitute a waiver of these provisions. Entrants agree that in the event of a dispute as to the identity of an online entrant, the authorised account holder of the email address used to enter will be deemed to be the entrant. Winner may be required to show proof of being the authorised account holder.


    9. Any costs associated with accessing the Crocs Australia page on facebook and www.crocs.com.au is the entrant’s responsibility and is dependent on the Internet service provider used.


    10. All entries are deemed to be received at the time of receipt into the promotional database and not at the time of transmission by the entrant.


    11. The Promoter and the Entrants acknowledge that there are certain guarantees, warranties, terms and conditions imposed by law relating to the supply of goods and services which the law expressly provides may not be excluded, restricted or modified or may only be modified to a certain extent (Statutory Obligations). Except as required under the Statutory Obligations, or as otherwise permitted by law, the Promoter will not be liable for (1) any loss or damage whatsoever which is suffered (including but not limited to indirect or consequential loss) or for personal injury which is suffered or sustained, as a result of taking a prize or in the misuse of the prize; (2) any incorrect or inaccurate information, whether caused by Entrants, printing errors or by any of the equipment or programming associated with or utilised in the competition; (3) technical failures of any kind, including, but not limited to malfunctions, interruptions, or disconnections in phone lines or network hardware or software; (4) unauthorised human intervention in any part of the entry process or the competition; or (5) technical or human error which may occur in the administration of the competition or the processing of entries. If for any reason an entrant’s entry is confirmed to have been erroneously deleted, lost, or otherwise destroyed or corrupted, the Entrant’s sole remedy is another entry in the competition. No more than the stated number of prizes will be awarded. Where the Statutory Obligations apply, liability of the Promoter for a breach of the Statutory Obligation in respect of the goods or services not ordinarily acquired for personal, domestic or household use or consumption is limited, at its option, to the repair or replacement of the goods or re-supply of services.


    12. Protecting your personal information - Crocs Australia Pty Ltd (the Promoter) may use winners’ names and photographs for publicity purposes. By participating in this competition, the Promoter may collect your name, address, phone number and email address. The Promoter will use this information to administer your participation in the competition. Further, the personal information contained on entries may be entered into a database and the Promoter and its related companies may use this information for research, promotional and marketing purposes, including via email, which you expressly consent to. An opportunity to opt-out of receiving additional promotional material from the Promoter and its related companies can be exercised by using the unsubscribe function in any email you receive from us. Information contained on the entries will be used exclusively by the Promoter and its related companies and not provided to any other party. Please contact the Promoter at the address provided below if you do not wish your information to be used by the Promoter for future promotional and marketing purposes. A request to access, correct or update any personal information should also be directed to the Promoter. By entering this competition, you consent to comply with Crocs Australia Pty Ltd privacy policy. A copy of the privacy policy may be found at http://www.crocsaustralia.com.au/privacy-security-policy/privacy-security-policy,en_AU,pg.html


    13. Entrants consent to the Promoter using the entrant’s name, likeness, image and/or voice in the event they are a winner (incl. photograph, film and/or recording of the same) in any media for an unlimited period of time without remuneration for the purpose of promoting this competition (including any outcome), and promoting any products manufactured, distributed and/or supplied by the Promoter.


    14. The Promoter reserves the right to request winners to provide proof of age, identity and residency at the nominated prize delivery address. Identification considered suitable for verification is at the discretion of the Promoter.


    15. The Promoter is Crocs Australia Pty Ltd ABN 86113735907, L3/47 Wellington Street, St Kilda 3182, phone 1800 469 382.


    16. This competition is in no way sponsored, endorsed or administered by, or associated with, Facebook. Entrants understand that they are providing their information to the Promoter and not to Facebook. Any questions, comments or complaints regarding this competition must be directed to Crocs Australia of Level 3, 47 Wellington Street, St Kilda, VIC 3182, and not to Facebook or any other social media channels. The information you provide will only be used in the ways outlined in these terms and conditions.




    What is your favourite Colour Competition

    ‘Win two tickets to The Swisse Color Run in Melbourne, 2nd of March, 2014’.


    HOW TO ENTER


    Simply finish this sentence in 25 words or less “My favourite colour is… because…” and tag the friend in your answer that you’d like to take with you to The Swisse Color Run.

    Log onto www.facebook.com/crocsaus between 24/02/2014 and 25/02/2014 to submit your entry. Only one entry per person is permitted. Entries close 25/02/2014 at 11.59am (AEST).


    For details concerning how your personal information is managed, please refer to the Conditions of Entry.


    CONDITIONS OF ENTRY


    1. 1. Information on how to enter and prizes forms part of these conditions. Entry into this competition is deemed to be an acceptance of these conditions and the Promoter's Privacy Policy. This competition is a game of skill.

    2. 2. Entry is open to Australian residents aged 18 years and over. Employees of the Promoter and its agencies associated with this competition and their immediate families are not eligible to enter. The Promoter reserves the right to determine validity of entries and acceptance of entries, at the discretion of the Promoter.

    3. 3. Competition commences 24/02/2014 and entries close 25/02/2014 at 11.59am (AEST). The judging will take place at 1.00pm (AEST) on 25/02/2014 at Crocs Australia, L3/47 Wellington Street, St Kilda 3182. Winner will be notified by email and their name will be published at www.facebook.com/crocsaus and www.crocs.com.au on 25/02/2014. The Winner consents to the publication of their name and photograph at www.crocs.com.au and www.facebook.com/crocsaus

    4. 4. The entry judged to be the most creative, original and genuine from all valid entries received will win two tickets to The Swisse Color Run in Melbourne on Sunday 2nd of March, 2014. The prize includes (1) two tickets to The Swisse Color Run in Melbourne on Sunday 2nd of March, 2014. The Winner is responsible for all other expenses incurred including any spending money, meals, transport costs to and from the venue and airports, and any other ancilliary costs. Prize does not include accommodation, flights or transport costs to and from The Swisse Color Run, Melbourne. Total prize pool: one (1) prize. Maximum total value of prize pool is AUD$121.00. Prize is not transferable or exchangeable and cannot be taken as cash. The Promoter’s decision is final and no correspondence will be entered into. Prize must be taken on the designated date and any part of the prize not taken on the designated date is forfeited. Prize value includes GST where applicable.

    5. 5. Prize Winners are advised that tax implications may arise from their prize winnings and they should seek independent financial advice prior to the acceptance of the prize.

    6. 6. The value of the prize in item 4 is shown as a guide only, was correct at the time of printing and includes GST where applicable. The Promoter accepts no responsibility for any variation in prize value. Should the items specified in item 4 above be unavailable or superseded, the Promoter reserves the right to substitute a prize of a similar replacement type and value, subject to the approval of the gaming authorities, where relevant.

    7. 7. The Promoter accepts no responsibility for any late, lost or misdirected entries or for any problems or technical malfunction of any telephone network or lines, computer online systems, servers, or providers, computer equipment, software, technical problems or traffic congestions on the Internet or at any website, or any combination thereof, including but not limited to, any injury or damage to participants or any other person’s computer related to or resulting from participation in or downloading any materials in this competition.

    8. 8. If for any reason this competition is not capable of running as planned, including but not limited to, infection by computer virus, bugs, tampering, unauthorised intervention, fraud, technical failures, or any other causes beyond the control of the Promoter which corrupts or affect the administration, security, fairness, integrity or proper conduct of this competition, the Promoter reserves the right in its sole discretion to disqualify any individual who tampers with the entry process, and, subject to any written directions given by the various Lottery Departments, if any, to cancel, terminate, modify or suspend the competition. Any attempt by any person to deliberately undermine the legitimate operation of the competition may be in violation of criminal and civil law, and should such an attempt be made, the Promoter reserves the right to seek damages from any such person to the fullest extent permitted by law. The Promoter's failure to enforce any term of these Conditions of Entry shall not constitute a waiver of these provisions. Entrants agree that in the event of a dispute as to the identity of an online entrant, the authorised account holder of the email address used to enter will be deemed to be the entrant. Winner may be required to show proof of being the authorised account holder.

    9. 9. Any costs associated with accessing the online entry website is the entrant’s responsibility and is dependent on the Internet service provider used.

    10. 10. The Promoter and the Entrants acknowledge that there are certain guarantees, warranties, terms and conditions imposed by law relating to the supply of goods and services which the law expressly provides may not be excluded, restricted or modified or may only be modified to a certain extent (Statutory Obligations). Except as required under the Statutory Obligations, or as otherwise permitted by law, the Promoter will not be liable for (1) any loss or damage whatsoever which is suffered (including but not limited to indirect or consequential loss) or for personal injury which is suffered or sustained, as a result of taking a prize or in the misuse of the prize; (2) any incorrect or inaccurate information, whether caused by Entrants, printing errors or by any of the equipment or programming associated with or utilised in the competition; (3) technical failures of any kind, including, but not limited to malfunctions, interruptions, or disconnections in phone lines or network hardware or software; (4) unauthorised human intervention in any part of the entry process or the competition; or (5) technical or human error which may occur in the administration of the competition or the processing of entries. If for any reason an entrant’s entry is confirmed to have been erroneously deleted, lost, or otherwise destroyed or corrupted, the Entrant’s sole remedy is another entry in the competition. No more than the stated number of prizes will be awarded. Where the Statutory Obligations apply, liability of the Promoter for a breach of the Statutory Obligation in respect of the goods or services not ordinarily acquired for personal, domestic or household use or consumption is limited, at its option, to the repair or replacement of the goods or re-supply of services.

    11. Protecting your personal information - Crocs Australia Pty Ltd (the Promoter) may use winners’ names and photographs for publicity purposes. By participating in this competition, the Promoter may collect your name, address, phone number and email address. The Promoter will use this information to administer your participation in the competition. Further, the personal information contained on entries may be entered into a database and the Promoter and its related companies may use this information for research, promotional and marketing purposes, including via email, which you expressly consent to. An opportunity to opt-out of receiving additional promotional material from the Promoter and its related companies can be exercised by using the unsubscribe function in any email you receive from us. Information contained on the entries will be used exclusively by the Promoter and its related companies and not provided to any other party. Please contact the Promoter at the address provided below if you do not wish your information to be used by the Promoter for future promotional and marketing purposes. A request to access, correct or update any personal information should also be directed to the Promoter. By entering this competition, you consent to comply with Crocs Australia Pty Ltd privacy policy. A copy of the privacy policy may be found at http://www.crocsaustralia.com.au/News-Events/news-events,en_AU,pg.html?intid=btmpromo3_news-event_130611.

    12. 11. The Promoter is Crocs Australia Pty Ltd ABN 86113735907, L3/47 Wellington Street, St Kilda 3182, phone 1800 838 570.




    Guess How Many Jibbitz™ are in the Jar

    ‘Win two tickets to The Swisse Color Run in Melbourne, 2nd of March, 2014’.

    HOW TO ENTER


    Guess how many Jibbitz™ are in the jar in store by filling out an entry competition slip in store.

    and Purchase any footwear between 14/02/2014 and 24/02/2014 from any Victorian Crocs Concept Store to submit your entry. Entries close 24/02/2014 at 5.00pm (AEST).

    For details concerning how your personal information is managed, please refer to the Conditions of Entry.


    CONDITIONS OF ENTRY


    1. 1. Information on how to enter and prizes forms part of these conditions. Entry into this competition is deemed to be an acceptance of these conditions and the Promoter's Privacy Policy. This competition is a game of skill.

    2. 2. Entry is open to Australian residents aged 16 years and over. Employees of the Promoter and its agencies associated with this competition and their immediate families are not eligible to enter. The Promoter reserves the right to determine validity of entries and acceptance of entries, at the discretion of the Promoter.

    3. 3. Competition commences 14/02/2014 and entries close 24/02/2014 at 5.00pm (AEST). The judging will take place at 10am (AEST) on 25/02/2014 at Crocs Australia, L3/47 Wellington Street, St Kilda 3182. Winner will be notified by email and their name will be published at www.crocs.com.au and www.facebook.com/crocsaus on 25/02/2014. The Winner consents to the publication of their name and photograph at www.crocs.com.au and www.facebook.com/crocsaus.

    4. 4. In order to enter the competition people must purchase a pair of shoes from a Victorian Crocs Concept Store. Participants are allowed one entry per store. Participants only get one entry per transaction.

    5. 5. The entry judged to be the closest guess to the correct number of Jibbitz™ in the jar will win two tickets to The Swisse Color Run in Melbourne on 2 March 2014. If there are several entrants with the same guess that is closest to the correct guess then each of such entrant will win a prize. The Winner is responsible for all expenses incurred including any spending money, meals, transport costs to and from the venue and airports, and any other ancilliary costs. Prize does not include accommodation, transport or flights to and from The Swisse Color Run in Melbourne. Total prize pool: A minimum of one (1) prize where there is one winner and where there is more than one winner, such number of prizes so that each winner obtains a prize. Maximum total value of each prize is AUD$121.00. Prize is not transferable or exchangeable and cannot be taken as cash. The Promoter’s decision is final and no correspondence will be entered into. Prize must be taken on the designated date and any part of the prize not taken on the designated date is forfeited. Prize value includes GST where applicable.

    6. 6. Each winner and their companion must be 16 years and over.

    7. 7. Prize Winners are advised that tax implications may arise from their prize winnings and they should seek independent financial advice prior to the acceptance of the prize.

    8. 8. The value of the prize in item 5 is shown as a guide only, was correct at the time of printing and includes GST where applicable. The Promoter accepts no responsibility for any variation in prize value. Should the items specified in item 5 above be unavailable or superseded, the Promoter reserves the right to substitute a prize of a similar replacement type and value, subject to the approval of the gaming authorities, where relevant.

    9. 9. The Promoter accepts no responsibility for any late, lost or misdirected entries or for any problems or technical malfunction of any telephone network or lines, computer online systems, servers, or providers, computer equipment, software, technical problems or traffic congestions on the Internet or at any website, or any combination thereof, including but not limited to, any injury or damage to participants or any other person’s computer related to or resulting from participation in or downloading any materials in this competition.

    10. 10. If for any reason this competition is not capable of running as planned, including but not limited to, infection by computer virus, bugs, tampering, unauthorised intervention, fraud, technical failures, or any other causes beyond the control of the Promoter which corrupts or affect the administration, security, fairness, integrity or proper conduct of this competition, the Promoter reserves the right in its sole discretion to disqualify any individual who tampers with the entry process, and, subject to any written directions given by the various Lottery Departments, if any, to cancel, terminate, modify or suspend the competition. Any attempt by any person to deliberately undermine the legitimate operation of the competition may be in violation of criminal and civil law, and should such an attempt be made, the Promoter reserves the right to seek damages from any such person to the fullest extent permitted by law. The Promoter's failure to enforce any term of these Conditions of Entry shall not constitute a waiver of these provisions. Entrants agree that in the event of a dispute as to the identity of an entrant, the authorised account holder of the email address used to enter will be deemed to be the entrant. Winner may be required to show proof of being the authorised account holder.

    11. 11. Any costs associated with accessing the online Crocs website is the entrant’s responsibility and is dependent on the Internet service provider used.

    12. 12. Any costs associated with accessing Crocs stores is the entrant’s responsibility.

    13. 13. The Promoter and the Entrants acknowledge that there are certain guarantees, warranties, terms and conditions imposed by law relating to the supply of goods and services which the law expressly provides may not be excluded, restricted or modified or may only be modified to a certain extent (Statutory Obligations). Except as required under the Statutory Obligations, or as otherwise permitted by law, the Promoter will not be liable for (1) any loss or damage whatsoever which is suffered (including but not limited to indirect or consequential loss) or for personal injury which is suffered or sustained, as a result of taking a prize or in the misuse of the prize; (2) any incorrect or inaccurate information, whether caused by Entrants, printing errors or by any of the equipment or programming associated with or utilised in the competition; (3) technical failures of any kind, including, but not limited to malfunctions, interruptions, or disconnections in phone lines or network hardware or software; (4) unauthorised human intervention in any part of the entry process or the competition; or (5) technical or human error which may occur in the administration of the competition or the processing of entries. If for any reason an entrant’s entry is confirmed to have been erroneously deleted, lost, or otherwise destroyed or corrupted, the Entrant’s sole remedy is another entry in the competition. No more than the stated number of prizes will be awarded. Where the Statutory Obligations apply, liability of the Promoter for a breach of the Statutory Obligation in respect of the goods or services not ordinarily acquired for personal, domestic or household use or consumption is limited, at its option, to the repair or replacement of the goods or re-supply of services.

      Protecting your personal information - Crocs Australia Pty Ltd (the Promoter) may use winners’ names and photographs for publicity purposes. By participating in this competition, the Promoter may collect your name, address, phone number and email address. The Promoter will use this information to administer your participation in the competition. Further, the personal information contained on entries may be entered into a database and the Promoter and its related companies may use this information for research, promotional and marketing purposes, including via email, which you expressly consent to. An opportunity to opt-out of receiving additional promotional material from the Promoter and its related companies can be exercised by using the unsubscribe function in any email you receive from us. Information contained on the entries will be used exclusively by the Promoter and its related companies and not provided to any other party. Please contact the Promoter at the address provided below if you do not wish your information to be used by the Promoter for future promotional and marketing purposes. A request to access, correct or update any personal information should also be directed to the Promoter. By entering this competition, you consent to comply with Crocs Australia Pty Ltd privacy policy. A copy of the privacy policy may be found at http://www.crocsaustralia.com.au/News-Events/news-events,en_AU,pg.html?intid=btmpromo3_news-event_130611

    14. 14. The Promoter is Crocs Australia Pty Ltd ABN 86113735907, L3/47 Wellington Street, St Kilda 3182, phone 1800 838 570.




    St. Kilda Festival Dive into Comfort Photo Competition


    ‘Win a $200 Crocs voucher and 2 tickets to The Swisse Color Run Melbourne on 2/3/14’.


    HOW TO ENTER


    Entrants who take the best ‘dive’ on the Crocs Comfort Pillow at St Kilda Festival will be given the opportunity to let the public vote on Facebook in a Crocs Australia photo album on photos of the ‘divers’ and the image that receives the most ‘likes’ will be deemed the best dive on the Crocs Comfort Pillow at St Kilda Festival 2014.


    Log onto www.facebook.com/crocsaus between 11/02/2014 and 16/02/2014 to vote for a photo. Only one entry per person is permitted. Entries close 16/02/2014 at 11.59pm (AEST).


    For details concerning how your personal information is managed, please refer to the Conditions of Entry.


    CONDITIONS OF ENTRY


    1. 1. Information on how to enter and prizes forms part of these conditions. Entry into this competition is deemed to be an acceptance of these conditions and the Promoter's Privacy Policy. This competition is a game of skill.

    2. 2. Entry is open to Australian residents aged 13 years and over. Employees of the Promoter and its agencies associated with this competition and their immediate families are not eligible to enter. The Promoter reserves the right to determine validity of entries and acceptance of entries, at the discretion of the Promoter.

    3. 3. Competition commences 11/02/2014 and entries close 16/02/2014 at 11.59am (AEST). The judging will take place at 1pm (AEST) on 17/02/2014 at Crocs Australia, L3/47 Wellington Street, St Kilda 3182. Winner will be notified by email and their name will be published at www.facebook.com/crocsaus and www.crocs.com.au on 19/02/2014. The Winner consents to the publication of their name and photograph at www.crocs.com.au and www.facebook.com/crocsaus
    4. 4. The photo deemed to be the most skillful with the maximum number of Facebook ‘likes’ from the public in the Crocs Australia photo album will win a AUD$200 Crocs voucher and 2 tickets to The Swisse Color Run held in Melbourne on Sunday 2/3/2014. The Winner is responsible for all other expenses incurred including any spending money, meals, transport costs to and from the venue and airports, and any other ancilliary costs. Prize does not include accommodation, flights or transport costs to and from The Swisse Color Run. Total prize pool: one (1) prize. Maximum total value of prize pool is AUD$321. Prize is not transferable or exchangeable and cannot be taken as cash. The Promoter’s decision is final and no correspondence will be entered into. Prize must be taken on the designated date and any part of the prize not taken on the designated date is forfeited. Prize value includes GST where applicable.

    5. 5. Prize winners under the age of 18 years must be accompanied to The Swisse Color Run by a parent/ guardian or someone over the age of 18 years.

    6. 6. Prize Winners are advised that tax implications may arise from their prize winnings and they should seek independent financial advice prior to the acceptance of the prize.

    7. 7. The value of the prize in item 4 is shown as a guide only, was correct at the time of printing and includes GST where applicable. The Promoter accepts no responsibility for any variation in prize value. Should the items specified in item 4 above be unavailable or superseded, the Promoter reserves the right to substitute a prize of a similar replacement type and value, subject to the approval of the gaming authorities, where relevant.

    8. 8. The Promoter accepts no responsibility for any late, lost or misdirected entries or for any problems or technical malfunction of any telephone network or lines, computer online systems, servers, or providers, computer equipment, software, technical problems or traffic congestions on the Internet or at any website, or any combination thereof, including but not limited to, any injury or damage to participants or any other person’s computer related to or resulting from participation in or downloading any materials in this competition.

    9. 9. If for any reason this competition is not capable of running as planned, including but not limited to, infection by computer virus, bugs, tampering, unauthorised intervention, fraud, technical failures, or any other causes beyond the control of the Promoter which corrupts or affect the administration, security, fairness, integrity or proper conduct of this competition, the Promoter reserves the right in its sole discretion to disqualify any individual who tampers with the entry process, and, subject to any written directions given by the various Lottery Departments, if any, to cancel, terminate, modify or suspend the competition. Any attempt by any person to deliberately undermine the legitimate operation of the competition may be in violation of criminal and civil law, and should such an attempt be made, the Promoter reserves the right to seek damages from any such person to the fullest extent permitted by law. The Promoter's failure to enforce any term of these Conditions of Entry shall not constitute a waiver of these provisions. Entrants agree that in the event of a dispute as to the identity of an online entrant, the authorised account holder of the email address used to enter will be deemed to be the entrant. Winner may be required to show proof of being the authorised account holder.

    10. 10. Any costs associated with accessing the online entry website is the entrant’s responsibility and is dependent on the Internet service provider used.

    11. 11. The Promoter and the Entrants acknowledge that there are certain guarantees, warranties, terms and conditions imposed by law relating to the supply of goods and services which the law expressly provides may not be excluded, restricted or modified or may only be modified to a certain extent (Statutory Obligations). Except as required under the Statutory Obligations, or as otherwise permitted by law, the Promoter will not be liable for (1) any loss or damage whatsoever which is suffered (including but not limited to indirect or consequential loss) or for personal injury which is suffered or sustained, as a result of taking a prize or in the misuse of the prize; (2) any incorrect or inaccurate information, whether caused by Entrants, printing errors or by any of the equipment or programming associated with or utilised in the competition; (3) technical failures of any kind, including, but not limited to malfunctions, interruptions, or disconnections in phone lines or network hardware or software; (4) unauthorised human intervention in any part of the entry process or the competition; or (5) technical or human error which may occur in the administration of the competition or the processing of entries. If for any reason an entrant’s entry is confirmed to have been erroneously deleted, lost, or otherwise destroyed or corrupted, the Entrant’s sole remedy is another entry in the competition. No more than the stated number of prizes will be awarded. Where the Statutory Obligations apply, liability of the Promoter for a breach of the Statutory Obligation in respect of the goods or services not ordinarily acquired for personal, domestic or household use or consumption is limited, at its option, to the repair or replacement of the goods or re-supply of services.

      Protecting your personal information - Crocs Australia Pty Ltd (the Promoter) may use winners’ names and photographs for publicity purposes. By participating in this competition, the Promoter may collect your name, address, phone number and email address. The Promoter will use this information to administer your participation in the competition. Further, the personal information contained on entries may be entered into a database and the Promoter and its related companies may use this information for research, promotional and marketing purposes, including via email, which you expressly consent to. An opportunity to opt-out of receiving additional promotional material from the Promoter and its related companies can be exercised by using the unsubscribe function in any email you receive from us. Information contained on the entries will be used exclusively by the Promoter and its related companies and not provided to any other party. Please contact the Promoter at the address provided below if you do not wish your information to be used by the Promoter for future promotional and marketing purposes. A request to access, correct or update any personal information should also be directed to the Promoter. By entering this competition, you consent to comply with Crocs Australia Pty Ltd privacy policy. A copy of the privacy policy may be found at http://www.crocsaustralia.com.au/privacy-security-policy/privacy-security-policy,en_AU,pg.html

    12. 12. The Promoter is Crocs Australia Pty Ltd ABN 86113735907, L3/47 Wellington Street, St Kilda 3182, phone 1800 469 382.




    Melbourne Festival VIP Competition

    Win VIP tickets to Melbourne’s Biggest Outdoor Festival for you and three friends

    HOW TO ENTER


    Simply tell us which festival in Australia Crocs will be at this weekend, 09/02/2014, and tag three friends in your answer and share the competition on your facebook page.
    Log onto
    www.facebook.com/crocsaus between 06/02/2014 and 07/02/2014 to submit your entry. Only one entry per person is permitted. Entries close 07/02/2014 at 11.59am (AEST).


    For details concerning how your personal information is managed, please refer to the Conditions of Entry.


    CONDITIONS OF ENTRY


    1. Information on how to enter and prizes forms part of these conditions. Entry into this competition is deemed to be an acceptance of these conditions and the Promoter's Privacy Policy.  This competition is a game of skill.


    2. Entry is open to Australian residents aged 18 years and over. Employees of the Promoter and its agencies associated with this competition and their immediate families are not eligible to enter. The Promoter reserves the right to determine validity of entries and acceptance of entries, at the discretion of the Promoter.


    3. Competition commences 06/02/2014 and entries close 7/02/2014 at 11.59am (AEST). The judging will take place at 1pm (AEST) on 07/02/2014 at Crocs Australia, L3/47 Wellington Street, St Kilda 3182. Winner will be notified by email and their name will be published at www.facebook.com/crocsaus and www.crocs.com.au on 07/02/2014. The Winner consents to the publication of their name and photograph at www.crocs.com.au and www.facebook.com/crocsaus


    4. The entry judged to be the most creative, original and genuine from all valid entries received will win a VIP experience at St. Kilda festival for themselves and three family members or friends on 9 February 2014. The prize includes (1) a meal voucher at Grill’d in Acland Street, St Kilda, to the value of $80 (2) side of stage access to the main stage at St Kilda Festival from 1.15pm-2pm (AEST) on 09/02/2014 (3) Front of the line access to the Crocs Dive into Comfort Pillow (4) one free pair of Crocs per person, every 3 (three) months of 2014. The Winner is responsible for all other expenses incurred including any spending money, meals, transport costs to and from the venue and airports, and any other ancilliary costs. Prize does not include accommodation, flights or transport costs to and from St Kilda Festival. Total prize pool: one (1) prize.  Maximum total value of prize pool is AUD$1,040.  Prize is not transferable or exchangeable and cannot be taken as cash. The Promoter’s decision is final and no correspondence will be entered into. Prize must be taken on the designated date and any part of the prize not taken on the designated date is forfeited. Prize value includes GST where applicable.


    5. Prize Winners are advised that tax implications may arise from their prize winnings and they should seek independent financial advice prior to the acceptance of the prize.


    6. The value of the prize in item 4 is shown as a guide only, was correct at the time of printing and includes GST where applicable. The Promoter accepts no responsibility for any variation in prize value. Should the items specified in item 4 above be unavailable or superseded, the Promoter reserves the right to substitute a prize of a similar replacement type and value, subject to the approval of the gaming authorities, where relevant.


    7. The Promoter accepts no responsibility for any late, lost or misdirected entries or for any problems or technical malfunction of any telephone network or lines, computer online systems, servers, or providers, computer equipment, software, technical problems or traffic congestions on the Internet or at any website, or any combination thereof, including but not limited to, any injury or damage to participants or any other person’s computer related to or resulting from participation in or downloading any materials in this competition.


    8. If for any reason this competition is not capable of running as planned, including but not limited to, infection by computer virus, bugs, tampering, unauthorised intervention, fraud, technical failures, or any other causes beyond the control of the Promoter which corrupts or affect the administration, security, fairness, integrity or proper conduct of this competition, the Promoter reserves the right in its sole discretion to disqualify any individual who tampers with the entry process, and, subject to any written directions given by the various Lottery Departments, if any, to cancel, terminate, modify or suspend the competition.  Any attempt by any person to deliberately undermine the legitimate operation of the competition may be in violation of criminal and civil law, and should such an attempt be made, the Promoter reserves the right to seek damages from any such person to the fullest extent permitted by law. The Promoter's failure to enforce any term of these Conditions of Entry shall not constitute a waiver of these provisions. Entrants agree that in the event of a dispute as to the identity of an online entrant, the authorised account holder of the email address used to enter will be deemed to be the entrant. Winner may be required to show proof of being the authorised account holder.


    9. Any costs associated with accessing the online entry website is the entrant’s responsibility and is dependent on the Internet service provider used.


    10. The Promoter and the Entrants acknowledge that there are certain guarantees, warranties, terms and conditions imposed by law relating to the supply of goods and services which the law expressly provides may not be excluded, restricted or modified or may only be modified to a certain extent (Statutory Obligations).  Except as required under the Statutory Obligations, or as otherwise permitted by law, the Promoter will not be liable for (1) any loss or damage whatsoever which is suffered (including but not limited to indirect or consequential loss) or for personal injury which is suffered or sustained, as a result of taking a prize or in the misuse of the prize; (2) any incorrect or inaccurate information, whether caused by Entrants, printing errors or by any of the equipment or programming associated with or utilised in the competition; (3) technical failures of any kind, including, but not limited to malfunctions, interruptions, or disconnections in phone lines or network hardware or software; (4) unauthorised human intervention in any part of the entry process or the competition; or (5) technical or human error which may occur in the administration of the competition or the processing of entries. If for any reason an entrant’s entry is confirmed to have been erroneously deleted, lost, or otherwise destroyed or corrupted, the Entrant’s sole remedy is another entry in the competition. No more than the stated number of prizes will be awarded.  Where the Statutory Obligations apply, liability of the Promoter for a breach of the Statutory Obligation in respect of the goods or services not ordinarily acquired for personal, domestic or household use or consumption is limited, at its option, to the repair or replacement of the goods or re-supply of services.

    Protecting your personal information - Crocs Australia Pty Ltd (the Promoter) may use winners’ names and photographs for publicity purposes. By participating in this competition, the Promoter may collect your name, address, phone number and email address. The Promoter will use this information to administer your participation in the competition. Further, the personal information contained on entries may be entered into a database and the Promoter and its related companies may use this information for research, promotional and marketing purposes, including via email, which you expressly consent to.  An opportunity to opt-out of receiving additional promotional material from the Promoter and its related companies can be exercised by using the unsubscribe function in any email you receive from us. Information contained on the entries will be used exclusively by the Promoter and its related companies and not provided to any other party. Please contact the Promoter at the address provided below if you do not wish your information to be used by the Promoter for future promotional and marketing purposes. A request to access, correct or update any personal information should also be directed to the Promoter. By entering this competition, you consent to comply with Crocs Australia Pty Ltd privacy policy. A copy of the privacy policy may be found at http://www.crocsaustralia.com.au/privacy-security-policy/privacy-security-policy,en_AU,pg.html


    11. The Promoter is Crocs Australia Pty Ltd ABN 86113735907, L3/47 Wellington Street, St Kilda 3182, phone 1800 469 382




    5th of February Walk Away Wednesday 12 Hour Flash Sale


     

    Terms and conditions:

    - Offer valid from 12am to 11:59pm on Feb 5 (AEDT)
    - This is an online only sale.
    - Discount applies to selected kids’ clog styles and / or colors only.
    - While stocks last.
    - Promotion orders cannot be exchanged or refunded.
    - Offer cannot be used in conjunction with any other special offers or promotions.
    - Crocs reserves the right to vary/amend the terms and conditions or terminate this promotion in a manner it deems reasonable without prior notice.
    - Crocs reserves the right of final decision on all matters relating to the promotion or terms and conditions including the eligibility of this offer in case of any disputes and this decision will be final and binding on all participants.
     


     



    Australia Day Celebration. Buy any beachline styles for 20%off*


     

    *Terms & conditions:
     

    1. Offer valid from 9am on Jan 24 to 11:59pm on Jan 27 (AEDT)

    2. Promotional orders cannot be exchanged or refunded.

    3. Offer cannot be used in conjunction with any other special offers or promotions.

    4. Crocs reserves the right to vary/amend the terms and conditions or terminate this promotion in a manner it deems reasonable without prior notice.

    5. Crocs reserves the right of final decision on all matters relating to the promotion or terms and conditions including the eligibility of this offer in case of any disputes and this decision will be final and binding on all participants.


     



    Buy any flips & get 20% off your next purchase


     

    Terms & Conditions:

    1. Purchase of flips from now until 21 Jan 2014 in either women, men, girls or boys' flips & sandals category will qualify for a 20% off coupon code sent to you through email on 24 Jan 2014.

    2. Please note that customers who are active subscribers will receive this coupon code.

    3. This promotion is an online only special.

    4. Promotional orders cannot be exchanged or refunded.

    5. Offer cannot be used in conjunction with any other special offers or promotions.

    6. Crocs reserves the right to vary/amend the terms and conditions or terminate this promotion in a manner it deems reasonable without prior notice.

    7. Crocs reserves the right of final decision on all matters relating to the promotion or terms and conditions including the eligibility of this offer in case of any disputes and this decision will be final and binding on all participants.


     



    Crocs Inc. Reports Third Quarter Financial Results and Announces 15 Million Share Increase in Share Repurchase Authorization


     

    NIWOT, COLORADO – October 30, 2013 – Crocs Inc. (NASDAQ: CROX) reported today financial results for the third quarter of 2013.


     

    Third Quarter 2013 Highlights:

    • Revenue of $288.5 million

    • Gross Margin of 53.2 percent

    • Net income of $13.0 million

    • Earnings per diluted share of $0.15

    • Non-GAAP adjusted net income1 per diluted share of $0.18

    • Global cash balance increased by $43.1 million in the quarter


     

    “During the third quarter we saw strong performance in our Asia Pacific region and marked improvement in all channels of our European business,” said John McCarvel, President and Chief Executive Officer. “This positive performance was counterbalanced by weakness in the Americas and Japan where all sales channels performed below our expectations. The underperformance was especially acute in the Americas where we were impacted by wholesale accounts trimming at once orders to remain lean on inventory coupled with weak consumer confidence affecting our consumer-direct performance.”


     

    Share Repurchase Authorization


     

    On October 29, 2013, the company’s board of directors approved the repurchase of up to an additional 15.0 million shares under the company’s existing stock repurchase authorization. This brings the total shares available for repurchase by the company under the existing authorization to approximately 17.8 million shares, or approximately 20 percent of the common outstanding shares at September 30, 2013. The number, price and timing of repurchases will be at the company’s sole discretion and will be evaluated depending on market conditions, liquidity needs or other factors. The company’s board of directors may suspend, modify or terminate the program at any time without prior notice.


     

    Third Quarter Results


     

    Revenue for the third quarter of 2013 was $288.5 million compared with revenue of $295.6 million reported in the third quarter of 2012. On a constant currency basis revenue increased 0.9% for the third quarter of 2013.


     

    For third quarter of 2013, the company had net income of $13.0 million or $0.15 per diluted share, compared with net income of $45.1 million or $0.49 per diluted share in the prior year period.


     

    Adjusting for the impact of the $3.1 million relating to the implementation of a new ERP system including non-cash accelerated depreciation and cash expenses for program management, training and other non-capitalized costs, the company had Non-GAAP adjusted net income of $16.1 million in the quarter or $0.18 per diluted share.


     

    Margins


     

    Gross profit for the third quarter of 2013 was $153.6 million, or 53.2% as a percentage of sales, compared with $160.7 million, or 54.4% as a percentage of sales in the prior year period. The year- over-year decrease in gross profit as a percentage of sales was primarily related to lower wholesale and internet revenue in the Americas and Japan. Selling, General & Administrative (“SG&A”) expenses increased 12.4% to $135.7 million compared with $120.7 million a year ago, due primarily to increases in retail store space, marketing expenses, and the company’s ERP project. As a percentage of sales, SG&A increased to 47.0% compared with 40.8% in the third quarter of 2012.


     

    (1)
    Non-GAAP adjusted net income is a financial measure not calculated in accordance with U.S. Generally Accepted Accounting Principles (non-GAAP). See the non-GAAP reconciliations set forth later in this press release for additional information.


     

    Revenue Results – Channel and Regional


     

    The following tables detail the company’s three and nine months 2013 and 2012 revenues:


     


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Three Months Ended September 30,


     

    Change


     

     

    Constant Currency Change(1)


     

    ($ thousands)


     

    2013


     

    2012


     

    $


     

    %


     

     

    $


     

    %


     

    Channel revenues:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

      Wholesale:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

        Americas


     

    $

    45,134


     

    $

    56,445


     

    $

    (11,311)


     

    (20.0)

    %


     

    $

    (10,504)


     

    (18.6)

    %

        Asia Pacific


     

     

    43,268


     

     

    42,291


     

     

    977


     

    2.3


     

     

     

    1,352


     

    3.2


     

        Japan


     

     

    24,536


     

     

    34,685


     

     

    (10,149)


     

    (29.3)


     

     

     

    (3,807)


     

    (11.0)


     

        Europe


     

     

    27,414


     

     

    22,667


     

     

    4,747


     

    20.9


     

     

     

    3,463


     

    15.3


     

        Other businesses


     

     

    37


     

     

    161


     

     

    (124)


     

    (77.0)


     

     

     

    (118)


     

    (73.3)


     

          Total Wholesale


     

     

    140,389


     

     

    156,249


     

     

    (15,860)


     

    (10.2)


     

     

     

    (9,614)


     

    (6.2)


     

      Consumer-direct:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

        Retail:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

          Americas


     

     

    59,839


     

     

    58,798


     

     

    1,041


     

    1.8


     

     

     

    1,369


     

    2.3


     

          Asia Pacific


     

     

    33,469


     

     

    28,549


     

     

    4,920


     

    17.2


     

     

     

    5,013


     

    17.6


     

          Japan


     

     

    12,397


     

     

    13,277


     

     

    (880)


     

    (6.6)


     

     

     

    2,285


     

    17.2


     

          Europe


     

     

    18,995


     

     

    11,550


     

     

    7,445


     

    64.5


     

     

     

    6,985


     

    60.5


     

            Total Retail


     

     

    124,700


     

     

    112,174


     

     

    12,526


     

    11.2


     

     

     

    15,652


     

    14.0


     

        Internet:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

          Americas


     

     

    11,221


     

     

    16,705


     

     

    (5,484)


     

    (32.8)


     

     

     

    (5,414)


     

    (32.4)


     

          Asia Pacific


     

     

    2,669


     

     

    2,124


     

     

    545


     

    25.7


     

     

     

    573


     

    27.0


     

          Japan


     

     

    2,051


     

     

    2,769


     

     

    (718)


     

    (25.9)


     

     

     

    (192)


     

    (6.9)


     

          Europe


     

     

    7,494


     

     

    5,548


     

     

    1,946


     

    35.1


     

     

     

    1,548


     

    27.9


     

            Total Internet


     

     

    23,435


     

     

    27,146


     

     

    (3,711)


     

    (13.7)


     

     

     

    (3,485)


     

    (12.8)


     

    Total revenues:


     

    $

    288,524


     

    $

    295,569


     

    $

    (7,045)


     

    (2.4)

    %


     

    $

    2,553


     

    0.9

    %


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Three Months Ended September 30,


     

    Change


     

     

    Constant Currency Change(1)


     

    ($ thousands)


     

    2013


     

    2012


     

    $


     

    %


     

     

    $


     

    %


     

    Regional Revenue:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

      Americas


     

    $

    116,194


     

    $

    131,948


     

    $

    (15,754)


     

    (11.9)

    %


     

    $

    (14,549)


     

    (11.0)

    %

      Asia Pacific


     

     

    79,406


     

     

    72,964


     

     

    6,442


     

    8.8


     

     

     

    6,938


     

    9.5


     

      Japan


     

     

    38,984


     

     

    50,731


     

     

    (11,747)


     

    (23.2)


     

     

     

    (1,714)


     

    (3.4)


     

      Europe


     

     

    53,903


     

     

    39,765


     

     

    14,138


     

    35.6


     

     

     

    11,996


     

    30.2


     

      Other businesses


     

     

    37


     

     

    161


     

     

    (124)


     

    (77.0)


     

     

     

    (118)


     

    (73.3)


     

    Total revenues:


     

    $

    288,524


     

    $

    295,569


     

    $

    (7,045)


     

    (2.4)

    %


     

    $

    2,553


     

    0.9

    %


     

    (1)   Current period results have been restated using 2012 average foreign exchange rates for the comparative period to enhance the visibility of the underlying business trends excluding the impact of foreign currency exchange rate fluctuations.


     


     

     

    Nine Months Ended September 30,


     

    Change


     

     

    Constant Currency Change(1)


     

    ($ thousands)


     

    2013


     

    2012


     

    $


     

    %


     

     

    $


     

    %


     

    Channel revenues:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

      Wholesale:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

          Americas


     

    $

    195,827


     

    $

    187,870


     

    $

    7,957


     

    4.2

    %


     

    $

    9,824


     

    5.2

    %

          Asia Pacific


     

     

    180,205


     

     

    147,628


     

     

    32,577


     

    22.1


     

     

     

    31,374


     

    21.3


     

          Japan


     

     

    78,116


     

     

    101,863


     

     

    (23,747)


     

    (23.3)


     

     

     

    (6,645)


     

    (6.5)


     

          Europe


     

     

    107,689


     

     

    97,773


     

     

    9,916


     

    10.1


     

     

     

    8,166


     

    8.4


     

          Other businesses


     

     

    200


     

     

    333


     

     

    (133)


     

    (39.9)


     

     

     

    (135)


     

    (40.5)


     

            Total Wholesale


     

     

    562,037


     

     

    535,467


     

     

    26,570


     

    5.0


     

     

     

    42,584


     

    8.0


     

      Consumer-direct:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

        Retail:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

          Americas


     

     

    156,784


     

     

    149,296


     

     

    7,488


     

    5.0


     

     

     

    8,167


     

    5.5


     

          Asia Pacific


     

     

    93,937


     

     

    79,290


     

     

    14,647


     

    18.5


     

     

     

    14,195


     

    17.9


     

          Japan


     

     

    30,625


     

     

    31,476


     

     

    (851)


     

    (2.7)


     

     

     

    6,131


     

    19.5


     

          Europe


     

     

    46,734


     

     

    25,158


     

     

    21,576


     

    85.8


     

     

     

    21,076


     

    83.8


     

            Total Retail


     

     

    328,080


     

     

    285,220


     

     

    42,860


     

    15.0


     

     

     

    49,569


     

    17.4


     

        Internet:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

          Americas


     

     

    39,267


     

     

    46,700


     

     

    (7,433)


     

    (15.9)


     

     

     

    (7,298)


     

    (15.6)


     

          Asia Pacific


     

     

    7,553


     

     

    5,322


     

     

    2,231


     

    41.9


     

     

     

    2,181


     

    41.0


     

          Japan


     

     

    6,074


     

     

    6,997


     

     

    (923)


     

    (13.2)


     

     

     

    404


     

    5.8


     

          Europe


     

     

    20,996


     

     

    18,603


     

     

    2,393


     

    12.9


     

     

     

    1,786


     

    9.6


     

            Total Internet


     

     

    73,890


     

     

    77,622


     

     

    (3,732)


     

    (4.8)


     

     

     

    (2,927)


     

    (3.8)


     

    Total revenues:


     

    $

    964,007


     

    $

    898,309


     

    $

    65,698


     

    7.3

    %


     

    $

    89,226


     

    9.9

    %


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Nine Months Ended September 30,


     

    Change


     

     

    Constant Currency Change(1)


     

    ($ thousands)


     

    2013


     

    2012


     

    $


     

    %


     

     

    $


     

    %


     

    Regional Revenue:


     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

      Americas


     

    $

    391,878


     

    $

    383,866


     

    $

    8,012


     

    2.1

    %


     

    $

    10,693


     

    2.8

    %

      Asia Pacific


     

     

    281,695


     

     

    232,240


     

     

    49,455


     

    21.3


     

     

     

    47,750


     

    20.6


     

      Japan


     

     

    114,815


     

     

    140,336


     

     

    (25,521)


     

    (18.2)


     

     

     

    (110)


     

    (0.1)


     

      Europe


     

     

    175,419


     

     

    141,534


     

     

    33,885


     

    23.9


     

     

     

    31,028


     

    21.9


     

      Other businesses


     

     

    200


     

     

    333


     

     

    (133)


     

    (39.9)


     

     

     

    (135)


     

    (40.5)


     

    Total revenues:


     

    $

    964,007


     

    $

    898,309


     

    $

    65,698


     

    7.3

    %


     

    $

    89,226


     

    9.9

    %

    (1)   Current period results have been restated using 2012 average foreign exchange rates for the comparative period to enhance the visibility of the underlying business trends excluding the impact of foreign currency exchange rate fluctuations.


     

     

    Constant Currency


     

     

    Constant Currency


     

     

     

    Three Months Ended


     

     

    Three Months Ended


     

    Comparable store sales growth (1)


     

    September 30, 2013 (2)


     

     

    September 30, 2012 (2)


     

    Americas


     

    (8.3)

    %


     

    5.5

    %

    Asia Pacific


     

    6.0


     

     

    (2.2)


     

    Japan


     

    (16.3)


     

     

    (15.1)


     

    Europe


     

    8.8


     

     

    0.9


     

    Total


     

    (4.2)

    %


     

    1.0

    %

     

    (1)  Current period results have been restated using 2012 average foreign exchange rates for the comparative period to enhance the visibility of the underlying business trends excluding the impact of foreign currency exchange rate fluctuations.


    Other Financial Information


    Comparable Store Sales Results


    Comparable store sales on a constant currency basis for the three months ended September 30, 2013 compared with the prior year period were as follows:



     

     

    Constant Currency


     

     

    Constant Currency


     

     

     

    Three Months Ended


     

     

    Three Months Ended


     

    Comparable store sales growth (1)


     

    September 30, 2013 (2)


     

     

    September 30, 2012 (2)


     

    Americas


     

    (8.3)

    %


     

    5.5

    %

    Asia Pacific


     

    6.0


     

     

    (2.2)


     

    Japan


     

    (16.3)


     

     

    (15.1)


     

    Europe


     

    8.8


     

     

    0.9


     

    Total


     

    (4.2)

    %


     

    1.0

    %

    Comparable store sales on a constant currency basis for the nine months ended September 30, 2013 compared with the prior year period were as follows:



     

     

    Constant Currency


     

     

    Constant Currency


     

     

     

    Nine Months Ended


     

     

    Nine Months Ended


     

    Comparable store sales growth (1)


     

    September 30, 2013 (2)


     

     

    September 30, 2012 (2)


     

    Americas


     

    (5.1)

    %


     

    3.7

    %

    Asia Pacific


     

    7.2


     

     

    5.9


     

    Japan


     

    (16.1)


     

     

    (11.2)


     

    Europe


     

    3.1


     

     

    7.5


     

    Total


     

    (2.4)

    %


     

    3.1

    %


    (1)   Current period results have been restated using 2012 average foreign exchange rates for the comparative period to enhance the visibility of the underlying business trends excluding the impact of foreign currency exchange rate fluctuations.
    (2)   Comparable store status is determined on a monthly basis. Comparable store sales begin in the thirteenth month of a store's operation. Stores in which selling square footage has changed more than 15% as a result of a remodel, expansion or reduction are excluded until the thirteenth month they have comparable prior year sales. Temporarily closed stores are excluded from the comparable store sales calculation during the month of closure. Location closures in excess of three months are excluded until the thirteen month post re-opening.


    Balance Sheet


    Cash and cash equivalents at September 30, 2013 were $332.5 million, an increase of 13.0% compared with December 31, 2012. Inventories at September 30, 2013 were $176.1 million, up 6.9% compared with inventory at December 31, 2012.


    Backlog


    Backlog at September 30, 2013 was $398.6 million compared with $395.5 million in the prior year period. On a constant currency basis backlog at September 30, 2013 was an estimated 5% higher than the prior year period.


    Financial Outlook


    For the fourth quarter of 2013, the company expects revenue between $220 million and $225 million and a loss between $(0.20) and $(0.23) per share. This outlook includes $(0.03) per share of ERP implementation expense and reflects an impact of $(0.04) for currency translation.


    Conference Call Information


    A conference call to discuss Crocs’ third quarter 2013 results is scheduled for today (October 30, 2013) at 5:00 PM Eastern Time. A webcast of the call will take place simultaneously and can be accessed by clicking the ‘Investor Relations’ link under the company section on www.crocs.com and at www.earnings.com. An audio replay of the webcast will be available on the Crocs website for one year.


    Interested parties are advised to log on to the live webcast at least fifteen minutes prior to the call in order to download the necessary software.


    About Crocs, Inc.

    Crocs, Inc. is a world leader in innovative casual footwear for men, women and children. Crocs offers several distinct shoe collections with more than 300 four-season footwear styles. All Crocs™ shoes feature Croslite™ material, a proprietary, revolutionary technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities that Crocs fans know and love. Crocs fans “Get Crocs Inside” every pair of shoes, from the iconic clog to new sneakers, sandals, boots and heels. Since its inception in 2002, Crocs has sold more than 200 million pairs of shoes in more than 90 countries around the world.

    Visit www.crocs.com for additional information.


    The matters regarding the future discussed in this news release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding future revenue and earnings, backlog, future orders, prospects, investments in our business, outlook and product pipeline. 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. These risks and uncertainties include, but are not limited to, the following: macroeconomic issues, including, but not limited to, the current global financial conditions; the effect of competition in our industry; our ability to effectively manage our future growth or declines in revenue; changing fashion trends; our ability to maintain and expand revenues and gross margin; our ability to accurately forecast consumer demand for our products; our ability to develop and sell new products; our ability to obtain and protect intellectual property rights; the effect of potential adverse currency exchange rate fluctuations and other international operating risks; our ability to open and operate additional retail locations; and other factors described in our most recent annual report on Form 10-K under the heading “Risk Factors” and our subsequent filings with the Securities and Exchange Commission. Readers are encouraged to review that section and all other disclosures appearing in our filings with the Securities and Exchange Commission.


    All information in this document speaks as of October 30, 2013. We do not undertake any obligation to update publicly any forward-looking statements, including, without limitation, any estimate regarding revenues or earnings, whether as a result of the receipt of new information, future events, or otherwise.



    CROCS, INC. AND SUBSIDIARIES

    CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)


     

     

     

     

     

     

     

     

     

     

     

     

    Three Months Ended


     

    Nine Months Ended


     

     

    September 30,


     

    September 30,

    ($ thousands, except per share data)


     

    2013


     

    2012


     

    2013


     

    2012

    Revenues  


     

    $

    288,524


     

    $

    295,569


     

    $

    964,007


     

    $

    898,309

    Cost of sales  


     

     

    134,943


     

     

    134,826


     

     

    443,710


     

     

    396,682

      Gross profit  


     

     

    153,581


     

     

    160,743


     

     

    520,297


     

     

    501,627

    Selling, general and administrative expenses  


     

     

    135,674


     

     

    120,729


     

     

    414,119


     

     

    349,737

    Asset impairment


     

     

    -


     

     

    -


     

     

    202


     

     

    819

      Income from operations  


     

     

    17,907


     

     

    40,014


     

     

    105,976


     

     

    151,071

    Foreign currency transaction losses, net  


     

     

    1,043


     

     

    21


     

     

    4,457


     

     

    2,670

    Interest income


     

     

    (853)


     

     

    (151)


     

     

    (1,676)


     

     

    (1,057)

    Interest expense


     

     

    44


     

     

    377


     

     

    519


     

     

    556

    Other (income) expense, net  


     

     

    13


     

     

    71


     

     

    180


     

     

    (690)

      Income before income taxes  


     

     

    17,660


     

     

    39,696


     

     

    102,496


     

     

    149,592

    Income tax expense (benefit)


     

     

    4,624


     

     

    (5,384)


     

     

    25,143


     

     

    14,642

      Net income


     

    $

    13,036


     

    $

    45,080


     

    $

    77,353


     

    $

    134,950

    Net income per common share:


     

     

     

     

     

     

     

     

     

     

     

     

      Basic  


     

    $

    0.15


     

    $

    0.50


     

    $

    0.88


     

    $

    1.50

      Diluted


     

    $

    0.15


     

    $

    0.49


     

    $

    0.87


     

    $

    1.48



    CROCS, INC. AND SUBSIDIARIES

    CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)


     

     

     

     

     

     

     

     

     

     

    September 30,


     

    December 31,

    ($ thousands, except number of shares)


     

    2013


     

    2012

    ASSETS


     

     

     

     

     

     

    Current assets:


     

     

     

     

     

     

       Cash and cash equivalents 


     

    $

    332,491


     

    $

    294,348

       Accounts receivable, net of allowances of $14,626 and $13,315, respectively 


     

     

    120,079


     

     

    92,278

       Inventories 


     

     

    176,118


     

     

    164,804

       Deferred tax assets, net 


     

     

    5,647


     

     

    6,284

       Income tax receivable 


     

     

    16,666


     

     

    5,613

       Other receivables 


     

     

    17,201


     

     

    24,821

       Prepaid expenses and other current assets 


     

     

    30,869


     

     

    24,967

            Total current assets 


     

     

    699,071


     

     

    613,115

    Property and equipment, net 


     

     

    94,233


     

     

    82,241

    Intangible assets, net 


     

     

    69,081


     

     

    59,931

    Deferred tax assets, net 


     

     

    33,529


     

     

    34,112

    Other assets 


     

     

    50,672


     

     

    40,239

            Total assets 


     

    $

    946,586


     

    $

    829,638


     

     

     

     

     

     

     

    LIABILITIES AND STOCKHOLDERS' EQUITY


     

     

     

     

     

     

    Current liabilities:


     

     

     

     

     

     

       Accounts payable 


     

    $

    66,198


     

    $

    63,976

       Accrued expenses and other current liabilities 


     

     

    99,277


     

     

    81,371

       Deferred tax liabilities, net 


     

     

    2,383


     

     

    2,405

       Income taxes payable 


     

     

    27,868


     

     

    8,147

       Current portion of long-term borrowings and capital lease obligations 


     

     

    4,262


     

     

    2,039

            Total current liabilities 


     

     

    199,988


     

     

    157,938

    Long term income tax payable 


     

     

    32,457


     

     

    36,343

    Long-term borrowings and capital lease obligations


     

     

    9,345


     

     

    4,596

    Other liabilities 


     

     

    14,571


     

     

    13,361

            Total liabilities 


     

     

    256,361


     

     

    212,238


     

     

     

     

     

     

     

    Commitments and contingencies


     

     

     

     

     

     

    Stockholders' equity:


     

     

     

     

     

     

       Preferred shares, par value $0.001 per share, 5,000,000 shares authorized, none outstanding 


     

     

    -


     

     

    -

       Common shares, par value $0.001 per share, 250,000,000 shares authorized, 91,643,474 and 88,426,104 shares issued and outstanding, respectively, at September 30, 2013 and 91,047,297 and 88,662,845 shares issued and outstanding, respectively, at December 31, 2012 


     

     

    92


     

     

    91

       Treasury stock, at cost, 3,217,370 and 2,384,452 shares, respectively 


     

     

    (56,198)


     

     

    (44,214)

       Additional paid-in capital 


     

     

    319,516


     

     

    307,823

       Retained earnings 


     

     

    411,365


     

     

    334,012

       Accumulated other comprehensive income 


     

     

    15,450


     

     

    19,688

            Total stockholders' equity 


     

     

    690,225


     

     

    617,400

            Total liabilities and stockholders' equity 


     

    $

    946,586


     

    $

    829,638


    CROCS, INC. AND SUBSIDIARIES
    NON-GAAP NET INCOME RECONCILIATIONS (UNAUDITED)
    (In thousands)


    The Company prepares and reports its financial statements in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”). Internally, management monitors the operating performance of its business using the non-GAAP metrics constant currency and Non-GAAP adjusted net income. Constant currency excludes the effects of foreign exchange rate fluctuations by restating current period results using the prior year average exchange rates. Non-GAAP adjusted net income excludes the impact of new enterprise resource planning system (“ERP”) implementation expenses, a one-time net expense related to the resolution of a statutory tax audit in Brazil and the accelerated depreciation and amortization of our current ERP system. In management’s opinion, these non-GAAP measures are used by, and are useful to, investors and other users of our financial statements in evaluating operating performance by providing better comparability between reporting periods because they exclude items that may not be indicative of overall business trends and provide a better baseline for analyzing trends in our operations. The Company does not, nor does it suggest that investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. The Company believes the disclosure of the effects of these items increases the reader’s understanding of the underlying performance of the business and that such non-GAAP financial measures provide investors with an additional tool to evaluate our financial results and assess our prospects for future performance.


    The following is a reconciliation of our net income, the most directly comparable U.S. GAAP measure, to Non-GAAP adjusted net income:



     

     

     

    Three Months Ended September 30,


     

    Nine Months Ended September 30,

    Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income:


     

    2013


     

    2012


     

    2013


     

    2012

    GAAP net income


     

    $

    13,036


     

    $

    45,080


     

    $

    77,353


     

    $

    134,950

     New ERP implementation (1)


     

     

    2,137


     

     

    -


     

     

    4,246


     

     

    -

     Brazil tax credits (2)


     

     

    -


     

     

    -


     

     

    6,094


     

     

    -

     Depreciation and amortization (3)


     

     

    952


     

     

    -


     

     

    2,587


     

     

    -

    Non-GAAP adjusted net income


     

    $

    16,125


     

    $

    45,080


     

    $

    90,280


     

    $

    134,950


     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Non-GAAP adjusted net income per diluted share


     

    $

    0.18


     

    $

    0.49


     

    $

    1.02


     

    $

    1.48


     

     

     

     

     

     

     

     

     

     

     

     

     

     

    (1) This proforma adjustment in the GAAP to Non-GAAP reconciliations above represents expenses related to the implementation of a new ERP system.


     

     

     

     

     

     

     

     

     

     

     

     

     

     

    (2) This proforma adjustment in the GAAP to Non-GAAP reconciliations above represents a one-time net expense related to the resolution of a statutory tax audit in Brazil. In April 2013, the State of Sao Paulo, Brazil government ("Brazil") assessed sales taxes, interest and penalties for the period April 2009 to May 2011. We had previously tendered these taxes using Brazil obligations purchased from third parties at a discount.  On May 22, 2013, we applied for amnesty in order to receive a significant reduction in penalties and interest, agreed to amend our 2009 through 2012 tax returns to remove the Brazil obligations, and agreed to settle the assessment in cash to Brazil. In June 2013, cash payment was made to Brazil, in full satisfaction of the Brazil assessment. Brazil is making court-ordered payments to holders of the Brazil obligations along with accrued interest.   The Company anticipates that the Brazil obligations (plus accrued interest) will be paid by Brazil in accordance with the court-orders.  The Company is carrying the Brazil obligations at the original discounted cost to the Company and intends to hold the Brazil obligations until paid by Brazil. The net impact of the above is a $6.1 million charge to operating income, and the carrying balance of the Brazil obligations in investments is $3.5 million. 


     

     

     

     

     

     

     

     

     

     

     

     

     

     

    (3) This proforma adjustment in this GAAP to Non-GAAP reconciliation represents the add-back of accelerated depreciation and amortization on tangible and intangible items related to our current ERP system and supporting platforms that will no longer be utilized once the implementation of a new ERP is complete.



    CROCS, INC. AND SUBSIDIARIES

    RETAIL STORE COUNTS

    (UNAUDITED)


     

     

     

    September 30,


     

     

     

     

     

    September 30,

    Company-operated retail locations:


     

    2012


     

     Opened 


     

     Closed 


     

    2013

    Type:


     

     

     

     

     

     

     

     

       Kiosk/Store in Store 


     

    133


     

    26


     

    (37)


     

    122

       Retail Stores 


     

    245


     

    95


     

    (25)


     

    315

       Outlet Stores 


     

    121


     

    40


     

    (4)


     

    157

          Total 


     

    499


     

    161


     

    (66)


     

    594

    Operating segment:


     

     

     

     

     

     

     

     

       Americas 


     

    189


     

    45


     

    (26)


     

    208

       Asia Pacific


     

    197


     

    59


     

    (35)


     

    221

       Japan


     

    36


     

    15


     

    (1)


     

    50

       Europe 


     

    77


     

    42


     

    (4)


     

    115

          Total 


     

    499


     

    161


     

    (66)


     

    594


    CROCS, INC. AND SUBSIDIARIES

    BACKLOG

    (UNAUDITED)


     

     

     

     

     

    September 30,

    ($ thousands)


     

    2013


     

    2012

    Americas


     

    $

    120,913


     

    $

    137,999

    Asia Pacific


     

     

    150,350


     

     

    136,382

    Japan


     

     

    52,000


     

     

    70,655

    Europe


     

     

    75,338


     

     

    50,433

    Total backlog(1)


     

    $

    398,601


     

    $

    395,469


     

     

     

     

     

     

     

    (1) We receive a significant portion of orders as preseason orders, generally four to six months prior to shipment date. We provide customers with price incentives to participate in such preseason programs to enable us to better plan our production schedule, inventory and shipping needs. Unfulfilled customer orders as of any date are referred to as backlog and represent orders scheduled to be shipped at a future date. Backlog as of a particular date is affected by a number of factors, including seasonality, manufacturing schedule and the timing of product shipments. Further, the mix of future and immediate delivery orders can vary significantly period over period. Due to these factors and since the unfulfilled orders can be canceled at any time prior to shipment by our customers, backlog may not be a reliable measure of future sales and comparisons of backlog from period to period may be misleading. In addition, our historical cancellation experience may not be indicative of future cancellation rates. While all orders in the backlog are subject to cancellation by customers, we expect that the majority of these orders will be fulfilled within one year.




    Crocs Instagram Competition


    ‘Tell us how you’ll spend your summer in Crocs!”


    CONDITIONS OF ENTRY

    1. Information on how to enter and prizes forms part of these conditions. Entry into this competition is deemed to be an acceptance of these conditions and the Promoter's Privacy Policy. This competition is a game of skill.

    2. Entry is open to Australian residents aged 18 years and over. Employees of the Promoter and its agencies associated with this competition and their immediate families are not eligible to enter. The Promoter reserves the right to determine validity of entries and acceptance of entries, at the discretion of the Promoter.

    3. Competition commences 5.00pm AEST on Friday 1st of November, 2013 and entries close 5.00pm AEST on Friday 15th November, 2013. The judging will take place at 10am (AEST) on Tuesday 19th November, 2013 at Crocs Australia, L3/47 Wellington Street, St Kilda 3182.

    4. To enter, participants must subscribe, or be subscribed, to the Crocs Australia official Instagram account and submit and repost the image on their personal Instagram feed along with the hashtags #mysummerincrocs #crocscomfortcrew and say how they’ll spend their summer in Crocs.

    5. The entry judged to be the most creative, original and genuine from all valid entries received will win Four (4) pairs of Crocs shoes (the style and model to be decided by Crocs). Total prize pool: one (1) prize. Maximum total value of prize pool is AUD$200.00. Prize is not transferable or exchangeable and cannot be taken as cash. The Promoter’s decision is final and no correspondence will be entered into. The Winner will have to contact Crocs Australia to claim prize. Prize must be taken on the designated date and any part of the prize not taken on the designated date is forfeited. Prize value includes GST where applicable.

    6. A reserve winner will be selected at the time of judging. In the event of a prize not being accepted or claimed by Friday 6th of December, 2013, the relevant Winner’s entry will be deemed invalid and the ‘reserve winner’ will win the prize. Winners will be notified via an Instagram post within 48 hours. The Winner consents to the publication of their name and photograph on Instagram and at www.crocs.com.au.

    7. Prize Winners are advised that tax implications may arise from their prize winnings and they should seek independent financial advice prior to the acceptance of the prize.

    8. The value of the prize in item 4 is shown as a guide only, was correct at the time of printing and includes GST where applicable. The Promoter accepts no responsibility for any variation in prize value. Should the items specified in item 4 above be unavailable or superseded, the Promoter reserves the right to substitute a prize of a similar replacement type and value, subject to the approval of the gaming authorities, where relevant.

    9. The Promoter accepts no responsibility for any late, lost or misdirected entries or for any problems or technical malfunction of any telephone network or lines, computer online systems, servers, or providers, computer equipment, software, technical problems or traffic congestions on the Internet or at any website, or any combination thereof, including but not limited to, any injury or damage to participants or any other person’s computer related to or resulting from participation in or downloading any materials in this competition.

    10. If for any reason this competition is not capable of running as planned, including but not limited to, infection by computer virus, bugs, tampering, unauthorised intervention, fraud, technical failures, or any other causes beyond the control of the Promoter which corrupts or affect the administration, security, fairness, integrity or proper conduct of this competition, the Promoter reserves the right in its sole discretion to disqualify any individual who tampers with the entry process, and, subject to any written directions given by the various Lottery Departments, if any, to cancel, terminate, modify or suspend the competition. Any attempt by any person to deliberately undermine the legitimate operation of the competition may be in violation of criminal and civil law, and should such an attempt be made, the Promoter reserves the right to seek damages from any such person to the fullest extent permitted by law. The Promoter's failure to enforce any term of these Conditions of Entry shall not constitute a waiver of these provisions. Entrants agree that in the event of a dispute as to the identity of an online entrant, the authorised account holder of the email address used to enter will be deemed to be the entrant. Winner may be required to show proof of being the authorised account holder.

    11. Any costs associated with accessing the Crocs Australia page on Instagram and www.crocs.com.au is the entrant’s responsibility and is dependent on the Internet service provider used.

    12. All entries are deemed to be received at the time of receipt into the promotional database and not at the time of transmission by the entrant.

    13. The Promoter and the Entrants acknowledge that there are certain guarantees, warranties, terms and conditions imposed by law relating to the supply of goods and services which the law expressly provides may not be excluded, restricted or modified or may only be modified to a certain extent (Statutory Obligations). Except as required under the Statutory Obligations, or as otherwise permitted by law, the Promoter will not be liable for (1) any loss or damage whatsoever which is suffered (including but not limited to indirect or consequential loss) or for personal injury which is suffered or sustained, as a result of taking a prize or in the misuse of the prize; (2) any incorrect or inaccurate information, whether caused by Entrants, printing errors or by any of the equipment or programming associated with or utilised in the competition; (3) technical failures of any kind, including, but not limited to malfunctions, interruptions, or disconnections in phone lines or network hardware or software; (4) unauthorised human intervention in any part of the entry process or the competition; or (5) technical or human error which may occur in the administration of the competition or the processing of entries. If for any reason an entrant’s entry is confirmed to have been erroneously deleted, lost, or otherwise destroyed or corrupted, the Entrant’s sole remedy is another entry in the competition. No more than the stated number of prizes will be awarded. Where the Statutory Obligations apply, liability of the Promoter for a breach of the Statutory Obligation in respect of the goods or services not ordinarily acquired for personal, domestic or household use or consumption is limited, at its option, to the repair or replacement of the goods or re-supply of services.

    14. The Promoter collects entrants’ personal information in order to conduct the competition. If the information requested is not provided, the entrant may not participate in the competition. By entering the competition, unless otherwise advised, each entrant also agrees that the Promoter may use this information, for research purposes and in any media for future promotional, marketing and publicity purposes, without any further reference, payment or other compensation to the entrant, including sending the entrant electronic messages. Entrants’ personal information may be disclosed to State and Territory lottery departments and winners’ names published as required under the relevant lottery legislation. An opportunity to opt-out of receiving additional promotional material from the Promoter and its related companies can be exercised by using the unsubscribe function in any email you receive from us. A request to access, update or connect any information should be directed to the Promoter at their address set out below. By entering this competition, you consent to comply with Crocs Australia Pty Ltd privacy policy. A copy of the privacy policy may be found at http://www.crocsaustralia.com.au/privacy-security-policy/privacy-security-policy,en_AU,pg.html.

    15. Entrants consent to the Promoter using the entrant’s name, likeness, image and/or voice in the event they are a winner (incl. photograph, film and/or recording of the same) in any media for an unlimited period of time without remuneration for the purpose of promoting this competition (including any outcome), and promoting any products manufactured, distributed and/or supplied by the Promoter.

    16. The Promoter reserves the right to request winners to provide proof of age, identity and residency at the nominated prize delivery address. Identification considered suitable for verification is at the discretion of the Promoter

    17. The Promoter is Crocs Australia Pty Ltd ABN 86113735907, L3/47 Wellington Street, St Kilda 3182, phone 1800 469 382.

    18. This competition is in no way sponsored, endorsed or administered by, or associated with, Instagram. Entrants understand that they are providing their information to the Promoter and not to Instagram. Any questions, comments or complaints regarding this competition must be directed to Crocs Australia of Level 3, 47 Wellington Street, St Kilda, VIC 3182, and not to Instagram or any other social media channels. The information you provide will only be used in the ways outlined in these terms and conditions.

     









    Crocs Inc. Reports 2012 Third Quarter Financial Results
    Company Reports Earnings Per Diluted Share of $0.49 and
    Record Third Quarter Revenue of $295.6 million


    NIWOT, COLORADO – October 24, 2012 – Crocs Inc. (NASDAQ: CROX) reported today financial results for the third quarter ended September 30, 2012. Revenue for the third quarter of 2012 increased 7.5% to $295.6 million compared with revenue of $274.9 million reported in the third quarter of 2011. Net income for the third quarter of 2012 was $45.1 million, or $0.49 per diluted share, compared with net income of $30.2 million, or $0.33 per diluted share, in the third quarter of 2011.


    From a channel perspective, wholesale sales increased 1.5% to $156.2 million compared with sales of $154.0 million in the third quarter of 2011. Internet sales increased 6.0% to $27.1 million compared with sales of $25.6 million in the third quarter of 2011. Retail sales increased 17.7% to $112.2 million compared with sales of $95.3 million in the third quarter of 2011. The company ended the quarter with 499 retail store locations compared with 410 locations a year ago. Global same store sales for the third quarter of 2012 increased 1.0% on a currency neutral basis, as the Americas increased 5.5%, Europe increased 0.9%, and Asia declined 6.3%.


    Sales growth during the quarter was driven by strength in the Americas and Asia. Geographically, revenue increased 7.4% for the Americas, 11.3% for Asia and decreased 2.9% for Europe. On a constant currency basis, revenue increased 8.6% for the Americas, 13.0% for Asia, 7.3% for Europe, and 10.3% globally.


    “Our revenue growth during the third quarter reflects the benefit of balanced distribution channels globally. Our direct to consumer channel in the Americas increased 12% on year-over-year basis, highlighted by a mid single digit same store sales gain, and our expanded presence in Asia resulted in a direct to consumer sales increase of 17% in that region,” said John McCarvel, President and Chief Executive Officer. “Our Americas and Asia performance helped to more than offset weakness in the European market, where challenging macroeconomic conditions and foreign currency exchange rate fluctuations continue to pressure our results. At the same time, we haven’t been fully immune to some of the recent choppiness in Asia, particularly in Japan, where consumer demand slowed as the third quarter progressed. Despite the economic headwinds we faced during quarter, we continued to grow the business and make strategic progress toward our long-term goal of evolving Crocs into a four-season brand. For the spring summer 2013 season our wholesale pre-books have been strong. We are excited about the prospects for 2013 as enthusiasm for our products continues to grow and our opportunities globally expand.”


    Margins

    Gross profit for the third quarter of 2012 increased 9.2% to $160.7 million, or 54.4% as a percentage of sales, from $147.2 million, or 53.5% as a percentage of sales in the same period last year. Selling, General, & Administrative expenses (SG&A) increased 8.1% to $120.7 million versus $111.7 million a year ago. As a percentage of sales, SG&A was 40.8% compared with 40.6% in the third quarter of 2011.


    Balance Sheet

    Cash and cash equivalents at September 30, 2012 increased 41.8% to $312.6 million compared to $220.4 million at September 30, 2011. Inventories at September 30, 2012 were $187.5 million, up 24.1% compared to inventories at September 30, 2011 of $151.1 million. Inventory levels during the third quarter of 2012 were partially driven by the 22% increase in retail store locations in the quarter and the need for additional inventory for the 35 to 40 new store openings planned for the fourth quarter of 2012.


    Backlog

    Backlog at September 30, 2012 increased 33.2% to $395.4 million compared with backlog of $296.8 million at September 30, 2011. John McCarvel continued “We saw exceptional growth in third quarter of 2012 pre-books as our wholesale customers accelerated their order books to secure sourcing for spring summer deliveries of our hottest new products for 2013, which include the huarache, molded boat shoes, and our women’s wedge line.”


    Income Taxes

    For the quarter, the company recorded a non-recurring tax benefit of $11.4 million due to a reversal of certain tax provisions and the release of certain valuation allowances associated with deferred tax assets.


    Guidance

    For the fourth quarter of 2012, the Company expects break-even diluted earnings per share on revenue of $220 million.


    Conference Call Information

    A conference call to discuss Crocs’ 2012 third quarter financial results is scheduled for today (October 24, 2012) at 5:00 PM Eastern Time. A webcast of the call will take place simultaneously and can be accessed by clicking the ‘Investor Relations’ link under the Company section on www.crocs.com or at www.earnings.com. To listen to the broadcast, your computer must have Windows Media Player installed. If you do not have Windows Media Player, go to www.earnings.com prior to the call, where you can download the software for free.


    About Crocs, Inc.
    Celebrating its 10th anniversary in 2012, Crocs, Inc. is a world leader in innovative casual footwear for men, women and children. Crocs offers several distinct shoe collections with more than 300 four-season footwear styles. All Crocs™ shoes feature Croslite™ material, a proprietary, revolutionary technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities that Crocs fans know and love. Crocs fans “Get Crocs Inside” every pair of shoes, from the iconic clog to new sneakers, sandals, boots and heels. Since its inception in 2002, Crocs has sold more than 200 million pairs of shoes in more than 90 countries around the world. The brand celebrated reaching $1 billion in annual sales in 2011.


    Visit www.crocs.com for additional information.


    Forward-looking statements
    The matters regarding the future discussed in this news release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding future revenue and earnings, backlog, future orders, prospects and product pipeline. 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. These risks and uncertainties include, but are not limited to, the following: macroeconomic issues, including, but not limited to, the current global financial conditions; the effect of competition in our industry; our ability to effectively manage our future growth or declines in revenue;changing fashion trends; our ability to maintain and expand revenues and gross margin; our ability to accurately forecast consumer demand for our products; our ability to develop and sell new products; our ability to obtain and protect intellectual property rights; the effect of potential adverse currency exchange rate fluctuations and other international operating risks; our ability to open and operate additional retail locations; and other factors described in our most recent annual report on Form 10-K under the heading “Risk Factors” and our subsequent filings with the Securities and Exchange Commission. Readers are encouraged to review that section and all other disclosures appearing in our filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statements, including, without limitation, any estimate regarding revenues or earnings, whether as a result of the receipt of new information, future events, or otherwise.






    Crocs, Inc. Reports 2012 Second Quarter Results
    Company sets record quarterly revenue and diluted earnings per share
    Company raises full year EPS outlook

    NIWOT, Colo.--(BUSINESS WIRE)--Jul. 25, 2012-- Crocs, Inc. (NASDAQ: CROX) today reported financial results for the second quarter ended June 30, 2012. Revenue for the second quarter of 2012 increased 12.0% to $330.9 million, over revenue of $295.6 million reported in the second quarter of 2011. This represents the highest three month revenue level in the company’s history. Net income for the second quarter 2012 was $61.5 million, or $0.68 per diluted share, compared to net income of $55.5 million, or $0.61 per diluted share, in the second quarter of 2011.

     

    Sales growth during the quarter was driven by Asia and Americas which was partially offset by a modest decrease in Europe. Geographically, revenue increased 10.9% for the Americas, increased 20.5% for Asia and decreased 5.2% for Europe.

     

    From a channel perspective, wholesale sales increased 7.3% to $188.5 million, over sales of $175.8 million in the second quarter of 2011. Retail sales increased 22.6% to $112.5 million, over sales of $91.8 million in the second quarter of 2011. The company ended the quarter with 484 retail store locations, which compares to 397 locations a year ago. Global same store sales for the second quarter of 2012 increased 1.8% on a currency neutral basis. Internet sales increased 6.6% to$29.9 million, over sales of $28.1 million in the second quarter of 2011.

     

    John McCarvel, President and Chief Executive Officer, stated: “We’re pleased with our ability to deliver profitability that exceeded our second quarter projections despite some challenges in certain areas of our business. Conditions in Europe, including currency headwinds, and slower than expected retail sales in theAmericas resulted in slightly lower growth than expected. We are very encouraged by continued strong growth of Asia, sell through of our products in key wholesale accounts, our international retail performance, all driven by customer enthusiasm for our new products.”

     

    Margins

    Gross profit for the second quarter of 2012 increased 15.2% to $196.1 million, or 59.3% as a percentage of sales, from $170.2 million, or 57.6% as a percentage of sales in the same period last year. Selling, General, & Administrative expenses (SG&A) increased 15.0% to $124.7 million versus $108.5 million a year ago. As a percentage of sales, SG&A was 37.7% compared to 36.7% in the second quarter of 2011.

     

    Balance Sheet

    Cash and cash equivalents at June 30, 2012 increased 54.9% to $278.8 million compared to $180.0 million at June 30, 2011. Inventories at June 30, 2012 were$166.0 million, up 6.1% compared to inventories at June 30, 2011 of $156.5 million.

     

    Backlog

    Backlog at June 30, 2012 increased 2.7% to $172.6 million compared to backlog of $168.1 million at June 30, 2011. On a constant currency basis, backlog is up approximately 6% over 2011.

     

    Guidance

    For the third quarter of 2012, the Company expects revenue of $300 million and diluted earnings per share to be between $0.42 and $0.44.

     

    John McCarvel, continued: “Based on our year to date results, the increasing count of retail stores and the strength of our wholesale business, we are projecting that we will finish 2012 with US dollar revenue growth of about 14% over 2011, which on a constant currency growth represents 17.5%, inline with our previous guidance. For the first half of the year, we earned $0.99 per diluted share and we now project earnings to be between $1.50 and $1.54 per diluted share for the full year. We believe the diversification in our business model, global presence and product breadth provides the platform for continued sales growth and earnings expansion.”

     

    Conference Call Information

    A conference call to discuss Crocs’ 2012 second quarter financial results is scheduled for today (July 25, 2012) at 5:00 PM Eastern Time. A webcast of the call will take place simultaneously and can be accessed by clicking the ‘Investor Relations’ link under the Company section on www.crocs.com or at www.earnings.com. To listen to the broadcast, your computer must have Windows Media Player installed. If you do not have Windows Media Player, go to www.earnings.com prior to the call, where you can download the software for free.

     

    About Crocs, Inc.

    Celebrating its 10th anniversary in 2012, Crocs, Inc. is a world leader in innovative casual footwear for men, women and children. Crocs offers several distinct shoe collections with more than 300 four-season footwear styles. All Crocs™ shoes feature Croslite™ material, a proprietary, revolutionary technology that gives each pair of shoes the soft, comfortable, lightweight, non-marking and odor-resistant qualities that Crocs fans know and love. Crocs fans “Get Crocs Inside” every pair of shoes, from the iconic clog to new sneakers, sandals, boots and heels. Since its inception in 2002, Crocs has sold more than 200 million pairs of shoes in more than 90 countries around the world. The brand celebrated reaching $1 billion in annual sales in 2011.

     

    Visit www.crocs.com for additional information.

     

    Forward-looking statements

    The matters regarding the future discussed in this news release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding future revenue and earnings, backlog, future orders, prospects and product pipeline. 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. These risks and uncertainties include, but are not limited to, the following: macroeconomic issues, including, but not limited to, the current global financial conditions; the effect of competition in our industry; our ability to effectively manage our future growth or declines in revenue; changing fashion trends; our ability to maintain and expand revenues and gross margin; our ability to accurately forecast consumer demand for our products; our ability to develop and sell new products; our ability to obtain and protect intellectual property rights; the effect of potential adverse currency exchange rate fluctuations and other international operating risks; our ability to open and operate additional retail locations; and other factors described in our most recent annual report on Form 10-K under the heading “Risk Factors” and our subsequent filings with the Securities and Exchange Commission. Readers are encouraged to review that section and all other disclosures appearing in our filings with the Securities and Exchange Commission. We do not undertake any obligation to update publicly any forward-looking statements, including, without limitation, any estimate regarding revenues or earnings, whether as a result of the receipt of new information, future events, or otherwise.

     

    Download: CROX Q2 2012 earning release


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