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Crocs, Inc.
2/16/2022
Good morning, and my name is Savannah, and I will be your conference call operator. At this time, I would like to welcome you to the Crocs fourth quarter 2021 audience call. All lines have been placed on mute to prevent any background noise. And after the speaker's remarks, there will be a question and answer session. And if you would like to ask a question during this time, please press the one. I will now turn it over to the speakers. Please go ahead.
Good morning, and welcome to the Crocs, Inc. Fourth Quarter 2021 Earnings Call.
Good morning, everyone, and thank you for joining us today for the Crocs Fourth Quarter and Full Year 2021 Earnings Call. Earlier this morning, we announced our latest quarterly and annual results, and a copy of the press release may be found on our website at crocs.com. We would like to remind you that some of the information provided on this call is forward-looking and, accordingly, is subject to the safe harbor provisions of the federal securities laws. These statements include but are not limited to statements regarding the anticipated consummation of the acquisition of Hey Dude and the timing and benefits thereof, Cox's strategy, plans, objectives, expectations, financial or otherwise, and intentions, future financial results and growth potential, anticipated product portfolio, our ability to create and deliver shareholder value, and statements regarding potential impacts to our business related to the COVID-19 pandemic. These statements involve known and unknown risks, uncertainties, and other factors, which may cause our actual results, performance, or achievements to be materially different from any future results, performances, or achievements expressed or implied by the forward-looking statements. Crocs is not obligated to update these forward-looking statements to reflect the impact of future events, except as required by applicable law. We caution you that all forward-looking statements are subject to risks and uncertainties described in the risk factors section of our annual report on Form 10-K and our subsequent filings with the SEC. Accordingly, actual results could differ materially from those described on this call. Please refer to the Crocs Annual Report on Form 10-K, as well as other documents filed with the SEC for more information relating to these risk factors. Adjusted gross profit, adjusted gross margin, adjusted selling general and administrative expenses, adjusted income from operations and operating margin, adjusted income tax or benefit, and effective tax rate. Adjusted basic and diluted earnings per common share are non-GAAP measures. A reconciliation of these amounts to their GAAP counterparts is contained in the press release we issued earlier this morning. Joining us on the call today are Andrew Reese, Chief Executive Officer, and Ann Melnick, Executive Vice President and Chief Financial Officer. Following their prepared remarks, we'll open the call for your questions. At this time, I'll turn the call over to Andrew.
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