Complete financial analysis of Wolverine World Wide, Inc. (WWW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Wolverine World Wide, Inc., a leading company in the Apparel – Footwear & Accessories industry within the Consumer Cyclical sector.
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Wolverine World Wide, Inc. (WWW)
Industry: Apparel - Footwear & Accessories
Sector: Consumer Cyclical
Website: https://www.wolverineworldwide.com
About Wolverine World Wide, Inc.
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. The company operates through two segments, Wolverine Michigan Group and Wolverine Boston Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots. The company sources, markets, and licenses a range of footwear styles, such as shoes, boots, and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Sweaty Betty, Wolverine, and Stride Rite brands. It also markets Merrell and Wolverine branded apparel and accessories, as well as licenses its brands for use on non-footwear products, including the Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; Wolverine branded eyewear and gloves; and Keds, Saucony, and Sperry branded apparel. In addition, the company markets pigskin leather under the Wolverine Warrior Leather, Weather Tight, and All Season Weather Leathers trademarks for use in the footwear industry. Further, it operates brick and mortar retail stores, and eCommerce sites. The company sells its products to department stores, national chains, catalog and specialty retailers, independent retailers, uniform outlets, and mass merchant and government customers through retail stores, as well as through third-party licensees and distributors, and joint ventures. As of January 1, 2022, it operated 143 retail stores, as well as 65 consumer-direct eCommerce sites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.24B | 2.68B | 2.41B | 1.79B | 2.27B | 2.24B | 2.35B | 2.49B | 2.69B | 2.76B | 2.69B | 1.64B | 1.41B | 1.25B | 1.10B | 1.22B | 1.20B | 1.14B | 1.06B | 991.91M | 888.93M | 827.11M | 720.07M | 701.29M | 665.60M | 669.30M | 665.10M | 511.00M | 414.00M | 378.50M | 333.10M | 293.10M | 313.80M | 322.20M | 323.60M | 323.70M | 321.10M | 341.70M | 389.50M |
| Cost of Revenue | 1.37B | 1.61B | 1.39B | 1.06B | 1.35B | 1.32B | 1.44B | 1.53B | 1.64B | 1.67B | 1.63B | 1.01B | 852.32M | 755.94M | 669.33M | 734.55M | 727.04M | 700.35M | 655.80M | 617.77M | 562.34M | 532.88M | 463.03M | 459.62M | 442.10M | 443.70M | 451.80M | 348.10M | 284.70M | 253.10M | 227.90M | 201.00M | 208.50M | 219.60M | 222.10M | 224.90M | 221.10M | 240.90M | 270.10M |
| Gross Profit | 872.50M | 1.07B | 1.03B | 735.60M | 923.80M | 921.30M | 914.40M | 959.90M | 1.05B | 1.09B | 1.06B | 628.16M | 556.75M | 492.57M | 431.72M | 486.02M | 471.93M | 441.54M | 405.20M | 374.14M | 326.59M | 294.23M | 257.04M | 241.67M | 223.50M | 225.60M | 213.30M | 162.90M | 129.30M | 125.40M | 105.20M | 92.10M | 105.30M | 102.60M | 101.50M | 98.80M | 100.00M | 100.80M | 119.40M |
| Gross Profit Ratio | 38.90% | 39.87% | 42.65% | 41.07% | 40.63% | 41.14% | 38.91% | 38.48% | 39.07% | 39.34% | 39.56% | 38.28% | 39.51% | 39.45% | 39.21% | 39.82% | 39.36% | 38.67% | 38.19% | 37.72% | 36.74% | 35.57% | 35.70% | 34.46% | 33.58% | 33.71% | 32.07% | 31.88% | 31.23% | 33.13% | 31.58% | 31.42% | 33.56% | 31.84% | 31.37% | 30.52% | 31.14% | 29.50% | 30.65% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 684.50M | 685.70M | 622.40M | 503.80M | 549.90M | 0.00 | 606.60M | 636.50M | 678.80M | 688.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 169.30M | 220.70M | 195.40M | 135.60M | 119.40M | 0.00 | 107.10M | 121.50M | 137.20M | 126.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 856.20M | 906.40M | 817.80M | 639.40M | 669.30M | 654.10M | 713.70M | 758.00M | 816.00M | 815.20M | 830.70M | 481.90M | 386.53M | 347.50M | 316.38M | 345.18M | 333.15M | 318.24M | 291.89M | 274.13M | 246.65M | 217.15M | 182.18M | 198.95M | 148.00M | 143.40M | 137.20M | 107.50M | 86.00M | 90.30M | 80.40M | 74.30M | 85.60M | 84.80M | 84.00M | 80.60M | 84.20M | 95.00M | 106.60M |
| Other Expenses | 84.50M | 33.70M | 56.40M | 11.10M | 83.50M | 600.00K | -2.40M | 3.50M | 3.30M | -1.70M | 500.00K | -317.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 34.47M | 17.70M | 14.90M | 13.00M | 9.20M | 7.10M | 5.80M | 5.70M | 5.20M | 5.20M | 5.00M | 5.10M | 4.90M | 5.00M | 5.20M | 5.40M |
| Operating Expenses | 940.70M | 940.10M | 874.20M | 650.50M | 752.80M | 669.40M | 749.00M | 758.00M | 816.00M | 815.20M | 830.70M | 481.90M | 386.53M | 347.50M | 316.38M | 345.18M | 333.15M | 318.24M | 291.89M | 274.13M | 246.65M | 217.15M | 182.18M | 216.65M | 162.90M | 156.40M | 146.40M | 114.60M | 91.80M | 96.00M | 85.60M | 79.50M | 90.60M | 89.90M | 88.90M | 85.60M | 89.40M | 100.40M | 112.30M |
| Cost & Expenses | 2.31B | 2.55B | 2.26B | 1.71B | 2.10B | 1.99B | 2.18B | 2.29B | 2.46B | 2.49B | 2.46B | 1.49B | 1.24B | 1.10B | 985.71M | 1.08B | 1.06B | 1.02B | 947.69M | 891.90M | 808.99M | 750.03M | 645.21M | 676.27M | 605.00M | 600.10M | 598.20M | 462.70M | 376.50M | 349.10M | 313.50M | 280.50M | 299.10M | 309.50M | 311.00M | 310.50M | 310.50M | 341.30M | 382.40M |
| Interest Income | 0.00 | 47.30M | 37.40M | 43.60M | 30.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 565.00K | 370.00K | 184.00K | 383.00K | 1.76M | 1.76M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 63.50M | 47.30M | 37.40M | 43.60M | 30.00M | 24.50M | 32.10M | 34.80M | 38.20M | 45.40M | 52.00M | 14.03M | 1.40M | 387.00K | 111.00K | 1.09M | 2.85M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 24.50M | 68.30M | 89.60M | 43.90M | 116.20M | 46.80M | 72.50M | 43.50M | 48.70M | 53.30M | 56.20M | 27.65M | 15.91M | 16.20M | 17.62M | 20.70M | 22.79M | 20.62M | 20.04M | 19.07M | 17.95M | 16.86M | 17.62M | 17.70M | 14.90M | 13.00M | 9.20M | 7.10M | 5.80M | 5.70M | 5.20M | 5.20M | 5.00M | 5.10M | 4.90M | 5.00M | 5.20M | 5.40M | 5.70M |
| EBITDA | -46.20M | -137.30M | 207.30M | -96.60M | 292.10M | 251.90M | 94.00M | 253.70M | 287.40M | 325.40M | 298.30M | 136.43M | 186.21M | 160.00M | 103.81M | 164.13M | 163.83M | 143.92M | 133.35M | 119.08M | 97.88M | 93.93M | 92.48M | 42.72M | 75.50M | 82.20M | 76.20M | 55.40M | 43.30M | 35.10M | 24.80M | 17.80M | 19.70M | 17.80M | 17.50M | 18.20M | 15.80M | 5.80M | 12.80M |
| EBITDA Ratio | -2.06% | 6.25% | 7.67% | 6.70% | 9.17% | 12.68% | 8.52% | 9.98% | 10.69% | 11.69% | 10.79% | 10.58% | 13.23% | 12.92% | 10.48% | 11.54% | 13.55% | 12.71% | 12.58% | 11.97% | 10.93% | 11.23% | 12.78% | 6.10% | 11.45% | 12.12% | 11.52% | 10.35% | 10.14% | 9.27% | 7.05% | 6.93% | 7.84% | 9.78% | 4.39% | 5.19% | 4.73% | 4.27% | 2.31% |
| Operating Income | -68.20M | 133.10M | 155.70M | 87.20M | 171.00M | 251.90M | 23.90M | 159.90M | 201.10M | 229.90M | 192.30M | 113.72M | 108.70M | 169.19M | 143.80M | 86.19M | 143.43M | 138.57M | 122.29M | 111.25M | 96.82M | 74.98M | 71.51M | 68.55M | 15.02M | 49.60M | 61.90M | 61.00M | 47.70M | 34.10M | 24.00M | 15.90M | -9.10M | 4.60M | -6.20M | 10.30M | 8.90M | 7.30M | -14.80M |
| Operating Income Ratio | -3.04% | 4.96% | 6.45% | 4.87% | 7.52% | 11.25% | 1.02% | 6.41% | 7.47% | 8.33% | 7.15% | 6.93% | 7.71% | 13.55% | 13.06% | 7.06% | 11.96% | 12.14% | 11.53% | 11.22% | 10.89% | 9.07% | 9.93% | 9.77% | 2.26% | 7.41% | 9.31% | 11.94% | 11.52% | 9.01% | 7.21% | 5.42% | -2.90% | 1.43% | -1.92% | 3.18% | 2.77% | 2.14% | -3.80% |
| Total Other Income/Expenses | -66.00M | -44.50M | -75.40M | -47.00M | -25.10M | -24.50M | -42.20M | -53.30M | -36.50M | -48.40M | -64.60M | -60.50M | -1.29M | 979.00K | -29.65M | -254.00K | -209.00K | -1.00M | -2.06M | -2.94M | -4.79M | -5.42M | -6.31M | -10.01M | -11.00M | -7.30M | -6.00M | -600.00K | -3.40M | -3.90M | -3.70M | -6.10M | -10.10M | -18.90M | -2.30M | -4.30M | -3.30M | -15.20M | -4.00M |
| Income Before Tax | -134.20M | -252.90M | 80.30M | -184.10M | 145.90M | 227.40M | -10.60M | 110.50M | 164.60M | 181.50M | 127.70M | 94.18M | 168.91M | 143.23M | 85.69M | 140.58M | 138.57M | 122.29M | 111.25M | 97.07M | 75.15M | 71.65M | 68.55M | 15.02M | 49.60M | 61.90M | 61.00M | 47.70M | 34.10M | 25.50M | 15.90M | 6.50M | 4.60M | -6.20M | 10.30M | 8.90M | 7.30M | -14.80M | 3.10M |
| Income Before Tax Ratio | -5.98% | -9.42% | 3.33% | -10.28% | 6.42% | 10.16% | -0.45% | 4.43% | 6.12% | 6.57% | 4.75% | 5.74% | 11.99% | 11.47% | 7.78% | 11.52% | 11.56% | 10.71% | 10.49% | 9.79% | 8.45% | 8.66% | 9.52% | 2.14% | 7.45% | 9.25% | 9.17% | 9.33% | 8.24% | 6.74% | 4.77% | 2.22% | 1.47% | -1.92% | 3.18% | 2.75% | 2.27% | -4.33% | 0.80% |
| Income Tax Expense | -95.00M | -63.80M | 13.30M | -45.50M | 17.00M | 27.10M | -9.90M | 23.00M | 41.40M | 47.60M | 26.70M | 13.41M | 45.62M | 38.76M | 23.78M | 44.76M | 45.69M | 38.65M | 36.78M | 30.88M | 23.26M | 23.60M | 23.31M | 4.33M | 17.20M | 20.20M | 19.50M | 14.80M | 10.00M | 7.40M | 4.40M | 1.90M | 1.30M | -500.00K | 3.00M | 1.20M | 800.00K | -2.20M | -900.00K |
| Net Income | -39.60M | -189.10M | 68.60M | -138.60M | 128.50M | 200.10M | 300.00K | 87.70M | 122.80M | 133.10M | 100.40M | 80.69M | 123.29M | 104.47M | 61.91M | 95.82M | 92.89M | 83.65M | 74.47M | 65.94M | 51.72M | 47.91M | 45.24M | 10.69M | 32.40M | 41.70M | 41.50M | 32.90M | 24.10M | 16.60M | 11.50M | -11.00M | 3.30M | -5.70M | 7.30M | 7.70M | 6.50M | -12.60M | 4.00M |
| Net Income Ratio | -1.77% | -7.04% | 2.84% | -7.74% | 5.65% | 8.94% | 0.01% | 3.52% | 4.56% | 4.82% | 3.73% | 4.92% | 8.75% | 8.37% | 5.62% | 7.85% | 7.75% | 7.33% | 7.02% | 6.65% | 5.82% | 5.79% | 6.28% | 1.52% | 4.87% | 6.23% | 6.24% | 6.44% | 5.82% | 4.39% | 3.45% | -3.75% | 1.05% | -1.77% | 2.26% | 2.38% | 2.02% | -3.69% | 1.03% |
| EPS | -0.51 | -2.37 | 0.82 | -1.71 | 1.48 | 2.18 | 0.00 | 0.90 | 1.19 | 1.31 | 1.00 | 0.82 | 1.28 | 1.07 | 0.62 | 0.98 | 0.89 | 0.76 | 0.67 | 0.38 | 0.29 | 0.40 | 0.37 | 0.09 | 0.27 | 0.33 | 0.22 | 0.12 | 0.07 | 0.15 | 0.02 | -0.11 | 0.00 | -0.06 | 0.01 | 0.01 | 0.01 | -0.12 | 0.00 |
| EPS Diluted | -0.51 | -2.37 | 0.81 | -1.71 | 1.45 | 2.11 | 0.00 | 0.89 | 1.19 | 1.30 | 0.99 | 0.82 | 1.24 | 1.06 | 0.62 | 0.95 | 0.85 | 0.74 | 0.64 | 0.36 | 0.28 | 0.38 | 0.36 | 0.09 | 0.26 | 0.32 | 0.21 | 0.11 | 0.06 | 0.15 | 0.01 | -0.11 | 0.00 | -0.06 | 0.01 | 0.01 | 0.01 | -0.12 | 0.00 |
| Weighted Avg Shares Out | 79.40M | 79.70M | 82.30M | 81.00M | 85.10M | 91.70M | 93.70M | 95.30M | 98.46M | 100.02M | 98.80M | 96.91M | 96.34M | 98.00M | 96.35M | 98.21M | 105.00M | 110.06M | 111.98M | 115.57M | 176.47M | 120.79M | 122.27M | 123.35M | 121.50M | 125.10M | 127.66M | 125.10M | 123.09M | 110.58M | 103.63M | 101.29M | 99.38M | 99.38M | 102.11M | 101.65M | 107.96M | 109.09M | 108.89M |
| Weighted Avg Shares Out (Dil) | 79.40M | 79.70M | 83.30M | 81.00M | 87.20M | 95.00M | 96.06M | 97.12M | 100.00M | 101.84M | 100.75M | 98.67M | 97.46M | 99.02M | 99.86M | 100.86M | 108.98M | 113.81M | 117.27M | 121.31M | 184.02M | 124.99M | 126.84M | 123.35M | 124.62M | 128.97M | 127.66M | 125.10M | 123.09M | 112.05M | 103.63M | 101.29M | 99.38M | 99.38M | 102.11M | 101.65M | 107.96M | 109.09M | 108.89M |
Wolverine Worldwide Reports Fourth Quarter and Full Year 2023 Results In-Line With Guidance and Provides Outlook for 2024
ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the fourth-quarter and full-year 2023 ended December 30, 2023. “We are effectively executing our transformation plan with great pace – having largely completed the stabilization phase of...
Wolverine (WWW) Q4 Earnings Coming Up: Factors Worth Knowing
Wolverine (WWW) battles challenges in the outdoor category, soft demand in the U.S. and European wholesale businesses and weakness in the DTC channel.
Analysts Estimate Wolverine World Wide (WWW) to Report a Decline in Earnings: What to Look Out for
Wolverine (WWW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wolverine Worldwide Announces Fourth Quarter and Full Year Fiscal 2023 Conference Call for February 21, 2024
ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its fourth quarter and full year fiscal 2023 financial results on Wednesday, February 21, 2024, at approximately 6:30 a.m. ET. Following the press release, the...
Saucony® Launches All-New Guide 17
Introducing CenterPath Technology, the redesigned Guide delivers a new era of max cushioning built with comfort-first protection ROCKFORD, Mich. , Feb. 1, 2024 /PRNewswire/ -- Saucony, a leading global performance running lifestyle brand, today announces the launch of the all-new...
Celebrate Chaco's 35th Birthday with "Chaco for Life" Campaign, Special Releases, Teases Nationwide Tour
ROCKFORD, Mich. , Jan. 30, 2024 /PRNewswire/ -- Chaco , the trailblazing outdoor footwear brand, born on the river and renowned for its performance sandals, embarks on a year-long celebration of its 35th birthday, beginning with the launch of its new "Chaco...
Saucony Calls on Consumers to Move their Feet More than their Feed with the Launch of the Marathumb Challenge
The average consumer scrolls three marathons a year on their phone – The Marathumb Challenge app is designed to pit scrolling against steps, encouraging physical activity ROCKFORD, Mich. , Jan. 17, 2024 /PRNewswire/ -- Saucony , a leading global performance...
Wolverine (WWW) Sells Sperry, Strategic transformation on Track
Wolverine (WWW) remains on track with its strategic transformation. Proceeding on these lines, it concluded the sale of the Sperry brand to Authentic Brands Group, and the ALDO Group.
Merrell Continues to Grow Trail Category; Enlists Professional Runner Coree Woltering to Team
The leading outdoor brand has strengthened its global trail team with four new athletes in 2024 ROCKFORD, Mich. , Jan. 11, 2024 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, announced it has signed ultra-runner Coree Woltering as...
Wolverine World Wide sells Sperry to Authentic Brands Group in shoe retail deal
Brand management firm Authentic Brands Group bought Sperry, best known for its boat shoes and loafers, from Wolverine World Wide.
Source: https://incomestatements.info
Category: Stock Reports
What were Wolverine World Wide’s revenue and profit margins in 2023?
The Company expects the following preliminary and unaudited financial results for its ongoing business as of December 30, 2023 : Full year and fourth quarter reported revenue of approximately $2.24 billion and $527 million , respectively – in line with November guidance.