Wolverine Worldwide updates FY22 outlook: revenue $2.685B, net debt down to $1.0B

WOLVERINE WORLD WIDE INC /DE/

FY22 revenue $2.685B, up ~11% YoY; Q4 revenue ~$665M, up ~5%.
Adjusted diluted EPS expected at low end of prior guidance, pending year-end close.
Year-end inventory ~$805M (down from $880M Q3); net debt $1.0B (down from $1.3B Q3).
Q4 operating free cash flow $280-300M.
Sale processes for Keds and Wolverine Leathers active with potential strategic buyers.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WOLVERINE WORLD WIDE INC /DE/ reported fiscal 2022 results: revenue $2.685 billion.

Period: fiscal 2022
Revenue: $2.685 billion
Result: preliminary results

Exact text from the filing

Fiscal 2022 full-year revenue of $2.685 billion

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WOLVERINE WORLD WIDE INC /DE/ reported fourth quarter fiscal 2022 results: revenue $665 million.

Period: fourth quarter fiscal 2022
Revenue: $665 million
Result: preliminary results

Exact text from the filing

Fourth quarter revenue of approximately $665 million

View on SEC.gov

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Source: SEC EDGAR

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