---
schema_version: "secwatch.filing_event.v1"
accession: "0000110471-23-000144"
form_type: "8-K"
ticker: "WWW"
cik: "0000110471"
company_name: "WOLVERINE WORLD WIDE INC /DE/"
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T06:04:40.588258+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wolverine WW Q3 rev down 24%; guides FY adjusted EPS $0.05-0.10; cuts workforce

## Summary
- Q3 revenue $527.7M (-23.7% YoY); ongoing rev $519.5M (-20.0% YoY).
- Reported EPS $0.11; adjusted EPS $0.07 vs $0.47 prior year. Gross margin 40.8% up 60bps.
- Inventory down ~33% to $563.8M; net debt $930M; leverage 3.4x.
- Lowered FY23 guidance: ongoing rev ~$2.19-2.20B, adjusted EPS $0.05-0.10 (incl $0.18 FX headwind).
- Global workforce restructuring; Profit Improvement Office targeting $215M annualized savings in 2024; Sperry strategic review ongoing.

## SEC filing metadata
- accession: 0000110471-23-000144
- form_type: 8-K
- ticker: WWW
- cik: 0000110471
- company_name: WOLVERINE WORLD WIDE INC /DE/
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/110471/000011047123000144/0000110471-23-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/110471/000011047123000144/www-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000110471-23-000144
- JSON: https://secwatch.observer/filing/0000110471-23-000144.json
- Plain text: https://secwatch.observer/filing/0000110471-23-000144.txt

## Key facts
- Earnings Releases
  WOLVERINE WORLD WIDE INC /DE/ reported financial results for third quarter ended September 30, 2023.
  - Period: third quarter ended September 30, 2023
  - Result: reported results
  source text: On November 9, 2023, Wolverine World Wide, Inc. (the “Company”) issued a press release announcing its financial results for the Company’s third quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047123000144/0000110471-23-000144-index.htm

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