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crocs tm Exhibit 99.1 BROOMFIELD , COLORADO Investor Contact : Cori Lin , Crocs , Inc. ( 303 ) 848-5053 clin@crocs.com PR Contact : Melissa Layton , Crocs , Inc. ( 303 ) 848-7885 mlayton@crocs.com Crocs , Inc. Reports Record First Quarter Revenue and Raises 2021 Guidance First Quarter Revenues Grew 64 % to $ 460 million Operating Income Increased $ 104 million to $ 125 million First Quarter Diluted EPS of $ 1.47 Up from $ 0.16 April 27 , 2021 - Crocs , Inc. ( NASDAQ : CROX ) , a world leader in innovative casual footwear for women , men , and children , today announced its first quarter 2021 financial results . Andrew Rees , Chief Executive Officer , said , " Demand for the Crocs brand is stronger than ever with expected 2021 revenue growth of 40 % to 50 % . In the first quarter we achieved record revenues and profitability , with growth in all regions and all channels . We have raised full year guidance as we continue to see consumer demand for our product accelerate globally . " First Quarter 2021 Highlights Record first quarter revenues of $ 460.1 million increased 63.6 % , or 60.5 % on a constant currency basis , with growth in all regions and channels . • Digital sales grew 75.3 % to represent 32.3 % of revenue versus 30.1 % last year . • Asia achieved strong double - digit growth of 26.2 % , or 20.1 % on a constant currency basis . • Sandals revenues increased 17.1 % to represent 17.3 % of footwear sales . • Operating income increased to $ 124.7 million from $ 20.8 million last year and operating margins expanded significantly to 27.1 % versus 7.4 % in 2020 . • Diluted earnings per share were $ 1.47 compared to $ 0.16 for the same period last year . Amounts referred to as " Adjusted " are Non - GAAP measures and include adjustments that are described under the heading " Reconciliation of GAAP Measures to Non - GAAP Measures . " A reconciliation of these amounts to their GAAP counterparts are contained in the schedules below . First Quarter 2021 Operating Results • Revenues were $ 460.1 million , an increase of 63.6 % from the same period last year , or 60.5 % on a constant currency basis . Direct - to - consumer ( " DTC " ) grew 93.3 % and wholesale revenues grew 50.1 % . Gross margin of 55.0 % increased 730 basis points compared to 47.7 % in the same period last year . Adjusted gross margin of 55.2 % rose 720 basis points from the same period last year . SG & A expenses of $ 128.5 million increased from $ 113.4 million in the same period last year and SG & A as a percent of revenues improved to 27.9 % from 40.3 % . Adjusted SG & A improved to 27.9 % of revenues versus 38.7 % for the same period last year . 1