secwatch.observer — SEC 8-K summary
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Issuer:     WOLVERINE WORLD WIDE INC /DE/ (WWW)
CIK:        0000110471
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0000110471-22-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolverine Worldwide Q2 revenue record $713.6M; full-year guidance cut on macro headwinds
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/110471/000011047122000038/0000110471-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/110471/000011047122000038/www-20220810.htm
  HTML page:      https://secwatch.observer/filing/0000110471-22-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer