---
schema_version: "secwatch.filing_event.v1"
accession: "0000110471-22-000074"
form_type: "8-K"
ticker: "WWW"
cik: "0000110471"
company_name: "WOLVERINE WORLD WIDE INC /DE/"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T00:36:25.159860+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wolverine Worldwide Q3 revenue up 8.6% but misses expectations; cuts FY adjusted EPS guide to $1.41-$1.51

## Summary
- 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.

## SEC filing metadata
- accession: 0000110471-22-000074
- form_type: 8-K
- ticker: WWW
- cik: 0000110471
- company_name: WOLVERINE WORLD WIDE INC /DE/
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/110471/000011047122000074/0000110471-22-000074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/110471/000011047122000074/www-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000110471-22-000074
- JSON: https://secwatch.observer/filing/0000110471-22-000074.json
- Plain text: https://secwatch.observer/filing/0000110471-22-000074.txt

## Key facts
- Earnings Releases
  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
  source text: FULL-YEAR 2022 OUTLOOK • Revenue is expected to be in the range of $2.670 billion to $2.695 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047122000074/0000110471-22-000074-index.htm
- Earnings Releases
  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
  source text: FOURTH QUARTER 2022 OUTLOOK • Revenue is expected to be in the range of $650 million to $675 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047122000074/0000110471-22-000074-index.htm
- Earnings Releases
  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
  source text: - (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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047122000074/0000110471-22-000074-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.