secwatch.observer — SEC 8-K summary
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Issuer:     WOLVERINE WORLD WIDE INC /DE/ (WWW)
CIK:        0000110471
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0000110471-24-000174
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wolverine Worldwide Q3 beats guidance; raises FY2024 revenue and EPS outlook
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- Q3 ongoing revenue $440.1M (-7.0% YoY); GAAP EPS $0.28, adjusted EPS $0.29, vs $0.11 prior year.
- Gross margin 45.3% (up 450 bps); inventory down 49.4% YoY; net debt reduced $373M.
- Merrell revenue $159.2M (+1.4% YoY); Saucony $104.8M (-10% YoY) both outpaced forecast.
- FY2024 guidance raised: revenue $1.73-1.745B; adjusted EPS $0.80-0.90 (prior $0.75-0.85).
- Operating margin guidance adjusted to 5.8% (7.2% adj.) vs prior 6.0% (7.4% adj.); tax rate 16.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/110471/000011047124000174/0000110471-24-000174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/110471/000011047124000174/www-20241107.htm
  HTML page:      https://secwatch.observer/filing/0000110471-24-000174

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