Wolverine reorganizes segments into Active, Work, Lifestyle; recasts prior financials

WOLVERINE WORLD WIDE INC /DE/

New Active segment (Merrell, Saucony, Sweaty Betty, Chaco) had FY21 revenue of $1,319.6M.
New Work segment (Wolverine, Cat, Bates, Harley-Davidson, HyTest) had FY21 revenue of $548.8M.
New Lifestyle segment (Sperry, Keds, Hush Puppies) had FY21 revenue of $477.0M.
Segment recast applies to Q4 FY22 and prior periods; no restatement of consolidated results.
FY21 total segment operating profit recast: $155.7M vs FY20 loss of $137.1M.

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