Wolverine World Wide reorganizes into Active, Work, Lifestyle segments; recasts historical financials

WOLVERINE WORLD WIDE INC /DE/

New reportable segments: Active (Merrell, Saucony, Sweaty Betty, Chaco), Work (Wolverine, Cat, Bates, Harley-Davidson, HyTest), Lifestyle (Sperry, Keds, Hush Puppies).
Recast revenue for FY2021: Active $1,319.6M, Work $548.8M, Lifestyle $477.0M, Other $69.5M.
Recast segment operating profit FY2021: Active $229.5M, Work $103.8M, Lifestyle $67.5M, Other $8.1M, Corporate ($253.2M).
Change effective Q4 2022; prior periods adjusted to new structure; consolidated statements not restated.
Previously segments were Wolverine Michigan Group and Wolverine Boston Group.

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