8-K
filed November 9, 2022, 6:59 PM ET
ticker WWW
CIK 0000110471
earnings
confidence high
sentiment negative
materiality 0.80
Wolverine Worldwide Q3 revenue up 8.6% but misses expectations; cuts FY adjusted EPS guide to $1.41-$1.51
WOLVERINE WORLD WIDE INC /DE/
2022-Q3 EPS reported
$2.12
revenue$2,019,800,000
- Q3 revenue $691.4M (+8.6% YoY); adjusted EPS $0.48, down from $0.56 prior year.
- Gross margin fell 300bps to 40.2%; inventory surged 113.8% to $880.9M.
- Merrell revenue up 33.6% to $198.6M; Sperry declined 12.4% to $70.0M.
- Q4 outlook: revenue $650-675M, adjusted gross margin ~38%, adjusted EPS loss ($0.15)-($0.05).
- Full-year adjusted EPS guidance $1.41-$1.51 (down ~20% YoY); net debt $1.35B, leverage 3.4x.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
WOLVERINE WORLD WIDE INC /DE/ reported the fiscal year ended January 1, 2023 results: revenue $2.670 billion to $2.695 billion. Guidance reaffirmed.
- Period
- the fiscal year ended January 1, 2023
- Revenue
- $2.670 billion to $2.695 billion
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
FULL-YEAR 2022 OUTLOOK • Revenue is expected to be in the range of $2.670 billion to $2.695 billion
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
WOLVERINE WORLD WIDE INC /DE/ reported the fourth quarter of 2022 results: revenue $650 million to $675 million, EPS ($0.19) to ($0.09). Guidance initiated.
- Period
- the fourth quarter of 2022
- Revenue
- $650 million to $675 million
- EPS
- ($0.19) to ($0.09)
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
FOURTH QUARTER 2022 OUTLOOK • Revenue is expected to be in the range of $650 million to $675 million
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
WOLVERINE WORLD WIDE INC /DE/ reported the third quarter ended October 1, 2022 results: revenue $691.4 million, EPS $0.48.
- Period
- the third quarter ended October 1, 2022
- Revenue
- $691.4 million
- EPS
- $0.48
- Result
- reported results
Exact text from the filing
- (1) See Form 8-K filed by Wolverine World Wide, Inc. with the Securities and Exchange Commission on November 9, 2022 for details on reportable segment composition. Revenue of $691.4 million represents growth of 8.6% versus the prior year and growth of 12.2% on a constant currency basis. Our international business was especially strong, up 33% to $303 million.
View on SEC.gov
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