secwatch.observer — SEC 8-K summary
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Issuer:     WOLVERINE WORLD WIDE INC /DE/ (WWW)
CIK:        0000110471
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0000110471-24-000106
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/110471/000011047124000106/0000110471-24-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/110471/000011047124000106/www-20240508.htm
  HTML page:      https://secwatch.observer/filing/0000110471-24-000106

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer