---
schema_version: "secwatch.filing_event.v1"
accession: "0000110471-23-000018"
form_type: "8-K"
ticker: "WWW"
cik: "0000110471"
company_name: "WOLVERINE WORLD WIDE INC /DE/"
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:10:06.956313+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Wolverine Worldwide Q4 GAAP EPS -$4.59 on $428.7M impairment; guides 2023 revenue growth 0-2%

## Summary
- Q4 revenue $665M (+4.6% YoY, +8.4% constant currency); GAAP diluted EPS -$4.59 vs -$0.18 prior year.
- Q4 includes $428.7M non-cash impairment of Sperry and Sweaty Betty intangible assets.
- Full-year 2022 revenue $2.68B (+11.2%); adjusted diluted EPS $1.41 vs $1.85 prior year.
- Inventory reduced ~$90M sequentially to $745.2M; net debt down to $1.02B from $1.35B.
- 2023 guidance: ongoing revenue $2.53B-$2.58B (0-2% growth); adjusted EPS $1.40-$1.60; adjusted operating margin ~8.5%.

## SEC filing metadata
- accession: 0000110471-23-000018
- form_type: 8-K
- ticker: WWW
- cik: 0000110471
- company_name: WOLVERINE WORLD WIDE INC /DE/
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/110471/000011047123000018/0000110471-23-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/110471/000011047123000018/www-20230222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000110471-23-000018
- JSON: https://secwatch.observer/filing/0000110471-23-000018.json
- Plain text: https://secwatch.observer/filing/0000110471-23-000018.txt

## Key facts
- Earnings Releases
  WOLVERINE WORLD WIDE INC /DE/ reported the fiscal year ended December 31, 2022 results: revenue $2,684.8 million, EPS ($2.37).
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $2,684.8 million
  - EPS: ($2.37)
  - Result: reported results
  source text: Revenue of $2,684.8 million represents growth of 11.2% versus the prior year
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047123000018/0000110471-23-000018-index.htm
- Earnings Releases
  WOLVERINE WORLD WIDE INC /DE/ reported the fourth quarter ended December 31, 2022 results: revenue $665.0 million, EPS ($4.59).
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $665.0 million
  - EPS: ($4.59)
  - Result: reported results
  source text: Revenue of $665.0 million represents growth of 4.6% versus the prior year
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047123000018/0000110471-23-000018-index.htm
- Earnings Releases
  WOLVERINE WORLD WIDE INC /DE/ updated its full-year 2023 guidance (initiated).
  - Period: full-year 2023
  - Guidance: initiated
  - Result: guidance update
  source text: We expect to grow 2023 revenue from our ongoing business by approximately 0% to 2.0%
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047123000018/0000110471-23-000018-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.