earnings
confidence high
sentiment positive
materiality 0.80
Wolverine World Wide Q4 ongoing revenue +3% YoY, reports adjusted EPS $0.42, guides FY2025 $1.05-1.20 adj EPS
WOLVERINE WORLD WIDE INC /DE/
2024-FY EPS reported
$0.58
revenue$1,755,000,000
- Q4 total ongoing revenue $494.7M (+3.0% YoY, +3.3% constant currency); GAAP diluted EPS $0.29 vs -$1.15 prior year.
- Full-year 2024 adjusted diluted EPS $0.91 (vs $0.15 prior year); ongoing revenue $1.75B, down 12.1% YoY.
- FY2025 guidance: revenue $1.795-$1.825B (2.5%-4.3% growth), adjusted diluted EPS $1.05-$1.20.
- Gross margin improved 740 bps in Q4 to 44.0%; inventory -35.6% YoY; net debt reduced 33.1% to $496M.
- CEO Chris Hufnagel states 2024 turnaround objectives achieved; brands positioned for continued momentum.