---
schema_version: "secwatch.filing_event.v1"
accession: "0000110471-24-000106"
form_type: "8-K"
ticker: "WWW"
cik: "0000110471"
company_name: "WOLVERINE WORLD WIDE INC /DE/"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:41:50.271853+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Wolverine Worldwide Q1 beats expectations on revenue and earnings; record gross margin 46.5%

## Summary
- Ongoing revenue $390.8M, down 24.5% YoY; adjusted EPS $0.05 vs $0.11 YoY.
- Reported gross margin 45.9%, adjusted gross margin 46.5% (up 540bps YoY).
- Inventory down 51% YoY to $354.3M; net debt down $380M YoY to $685M.
- FY 2024 outlook: ongoing revenue $1.68-1.73B; adjusted EPS $0.65-0.85.
- Board approved $150M stock repurchase program over three years.

## SEC filing metadata
- accession: 0000110471-24-000106
- form_type: 8-K
- ticker: WWW
- cik: 0000110471
- company_name: WOLVERINE WORLD WIDE INC /DE/
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/110471/000011047124000106/0000110471-24-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/110471/000011047124000106/www-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000110471-24-000106
- JSON: https://secwatch.observer/filing/0000110471-24-000106.json
- Plain text: https://secwatch.observer/filing/0000110471-24-000106.txt

## Key facts
- Earnings Releases
  WOLVERINE WORLD WIDE INC /DE/ reported first quarter ended March 30, 2024 results: revenue Total Revenue $394.9, EPS Diluted Earnings Per Share ($0.19).
  - Period: first quarter ended March 30, 2024
  - Revenue: Total Revenue $394.9
  - EPS: Diluted Earnings Per Share ($0.19)
  - Result: reported results
  source text: Change Reported Segment Revenue Results: Active Group $289.8 $385.9 (24.9)% (25.6)% Work Group $90.1 $114.5 (21.3)% (21.7)% Other $15.0 $99.0 (84.8)% (84.8)% Total Revenue $394.9 $599.4 (34.1)% (34.6)% Ongoing Total Revenue $390.8 $517.5 (24.5)% (25.1)% Supplemental Revenue Information Merrell $133.0 $180.3 (26.2)% (26.6)% Saucony $100.1 $132.6 (24.5)%
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047124000106/0000110471-24-000106-index.htm
- Earnings Releases
  WOLVERINE WORLD WIDE INC /DE/ reported Full year 2024 results: revenue Revenue from our ongoing business is now expected to be approximately $1.68 billion to $1.73 billion, EPS diluted earnings per share are expected to be between $0.43 and $0.63. Guidance reaffirmed.
  - Period: Full year 2024
  - Revenue: Revenue from our ongoing business is now expected to be approximately $1.68 billion to $1.73 billion
  - EPS: diluted earnings per share are expected to be between $0.43 and $0.63
  - Guidance: reaffirmed
  - Result: guidance update
  source text: by the progress we have made in such a short time frame.” Full year 2024 outlook is as follows: • Revenue from our ongoing business is now expected to be approximately $1.68 billion to $1.73 billion, which is adjusted for the new licensing model recently announced on May 1 for our Merrell and Saucony kids business. This range represents a decline compared to
  evidence_url: https://www.sec.gov/Archives/edgar/data/110471/000011047124000106/0000110471-24-000106-index.htm

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