Wolverine Worldwide Q2 revenue and EPS beat guidance; raises FY2024 mid-point

WOLVERINE WORLD WIDE INC /DE/

2024-Q2 EPS reported -$0.01 revenue$820,100,000

Revenue $425.2M (ongoing $424.8M, down 18.4% YoY); adjusted EPS $0.15 beat prior guidance.
Gross margin expanded to 43.1% (up 440 bps) from lower supply chain costs and inventory management.
Inventory down 54% to $297M; net debt reduced $271M to $666M.
FY2024 guidance raised: ongoing revenue $1.71-1.73B, adj. EPS $0.75-0.85 (prev. $0.65-0.85).
CEO highlights turnaround progress, lower debt/inventory, and product pipeline improvement.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.