secwatch.observer — SEC 8-K summary
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Issuer:     WOLVERINE WORLD WIDE INC /DE/ (WWW)
CIK:        0000110471
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000110471-22-000074
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/110471/000011047122000074/0000110471-22-000074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/110471/000011047122000074/www-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000110471-22-000074

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