secwatch.observer — SEC 8-K summary
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Issuer:     WOLVERINE WORLD WIDE INC /DE/ (WWW)
CIK:        0000110471
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0000110471-24-000148
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/110471/000011047124000148/0000110471-24-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/110471/000011047124000148/www-20240807.htm
  HTML page:      https://secwatch.observer/filing/0000110471-24-000148

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