secwatch.observer — SEC 8-K summary
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Issuer:     WOLVERINE WORLD WIDE INC /DE/ (WWW)
CIK:        0000110471
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0000110471-23-000002
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/110471/000011047123000002/0000110471-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/110471/000011047123000002/www-20230109.htm
  HTML page:      https://secwatch.observer/filing/0000110471-23-000002

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