See more : ExaWizards Inc. (4259.T) Income Statement Analysis – Financial Results
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 |
What Should Investors Expect From WWW Ahead of Q3 Earnings?
Wolverine's Q3 results are likely to reflect a year-over-year revenue decline amid a challenging retail environment. However, it expects an improvement in the gross margin.
MERRELL® AND THE JEEP® BRAND ANNOUNCE SECOND FOOTWEAR COLLABORATION, INSPIRED BY FUTURE OF OUTDOOR INNOVATION
ROCKFORD, Mich., Oct. 29, 2024 /PRNewswire/ -- Merrell® , the world's leading outdoor footwear brand, and off-road automotive adventure icon Jeep® brand have joined forces for a second time to create a collection around Merrell's newest hiking innovation and the electrified Jeep Wrangler 4xe.
Wolverine Worldwide Appoints Susie Kuhn as Active Group President
ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced the appointment of Susie Kuhn as President of the Company's Active Group, effective October 28, 2024. Ms. Kuhn will be responsible for leading successful brand strategies, executing consumer-focused go-to-market plans,...
WWW Stock Falls 15% From 52-Week High: Thinking of Buying the Dip?
Wolverine's operational efficiency, innovative products and debt reduction drive brand loyalty and strengthen growth potential.
Wolverine World Wide Breaks Out – Will the 92% Rally Continue?
Wolverine World Wide Inc. NYSE: WWW designs and manufactures footwear and apparel under a diverse portfolio of brands beyond their popular Wolverine boots. The consumer discretionary sector company has been shoring up its finances and trimming down inventory levels as...
Wolverine Worldwide Announces Third Quarter Fiscal 2024 Conference Call for November 7, 2024
ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its third quarter fiscal 2024 financial results on Thursday, November 7, 2024, at approximately 6:30 a.m. ET. Following the press release, the Company will host...
WWW Stock Looks Attractive With P/E Multiple of 13.64X: How to Play?
WWW's effective marketing and innovative launches boost brand loyalty, whereas debt reduction strengthens its balance sheet.
5 Shoes & Retail Apparel Stocks in Focus Amid Industry Struggles
Rising costs from commodity inflation and ongoing reinvestments impact the Shoes & Retail Apparel industry. Companies like ADDYY, BIRK, SHOO, CRI and WWW are expected to benefit from product innovation, strong consumer demand and digital investments.
Wolverine Trades Above 200 & 50-Day SMA: How to Play the Stock?
WWW's proactive debt reduction and growth potential make it an attractive option for investors despite ongoing challenges in consumer demand.
Overlooked Stocks: WWW
Wolverine World Wide (WWW) closed on a two-year high Thursday after getting an upgrade and price target hike from BNP Paribas. George Tsilis says the upgrade is nothing to scoff at, pointing to a turnaround in its financial fitness.
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.