earnings
confidence high
sentiment neutral
materiality 0.75
Wolverine Worldwide Q2 revenue record $713.6M; full-year guidance cut on macro headwinds
WOLVERINE WORLD WIDE INC /DE/
2022-Q2 EPS reported
$1.63
revenue$1,328,400,000
- Q2 revenue $713.6M (+12.9% YoY); GAAP EPS $1.53, adjusted EPS $0.66 (vs $0.67 prior year).
- Merrell grew 14%, Saucony +7.2%; Sperry fell 13.4%. International up 45%, DTC +21%.
- Inventory $639.5M (+93% YoY); debt $1.227B; $367M remaining share buyback authority.
- FY2022 guidance: revenue $2.74-2.79B (14-16% growth); adj. EPS $2.10-2.20 (0.5-5.3% growth).
- Lower outlook driven by stronger USD, excess retail inventory, and changing consumer behavior.