The earnings call reflected a strong financial recovery in Q4 and 2024, with significant improvements in gross margin and debt reduction. Strong performances from Saucony and Merrell were noted, although challenges in direct-to-consumer sales and Sweaty Betty's performance were highlighted. The company remains optimistic about 2025 with strategic investments planned to sustain growth.

Company Guidance

During the Wolverine Worldwide Fourth Quarter Fiscal 2024 Earnings Call, the company provided guidance for fiscal year 2025, emphasizing a return to growth and improved profitability. They expect revenue to be in the range of $1.795 billion to $1.825 billion, reflecting an increase of 2.5% to 4.3% compared to the previous year. This includes a $40 million currency headwind, with constant currency growth projected at 4.2% to 5.9%. The company anticipates an adjusted gross margin of approximately 45.5%, up 90 basis points from last year, and an adjusted operating margin of around 8.3%, improved from 7.5% in 2024. Wolverine Worldwide projects adjusted diluted earnings per share to be between $1.05 and $1.20, representing a 25% to 41% growth on a constant currency basis. Operating free cash flow is expected to range from $70 million to $80 million, with capital expenditures around $40 million. The first quarter of 2025 is expected to see revenue of $395 million, with an adjusted operating margin of approximately 4.6%.

Strong Fourth Quarter and Full-Year Performance

Wolverine Worldwide posted revenue of $495 million in Q4, exceeding expectations, with a 3% increase year-over-year. Full-year diluted earnings per share increased to $0.91 from $0.15 in 2023.

Gross Margin Expansion

Gross margin expanded by more than 600 basis points in Q4, achieving a new fourth quarter record. Full-year 2024 adjusted gross margin was 44.6%, a 470 basis point increase from the previous year.

Debt Reduction and Inventory Management

The company finished with its lowest debt level since Q2 2021, reducing net debt by 33% to $496 million. Inventory was down approximately 36% from the previous year.

Saucony and Merrell Brand Growth

Saucony grew 7% in Q4, with a gross margin expansion of over 1400 basis points, and Merrell posted a second consecutive quarter of growth with a 400 basis point improvement in gross margin.

2025 Outlook and Strategic Investments

For 2025, revenue is expected to grow 2.5% to 4.3%, with continued investments in brand-building, particularly for Saucony, and enhancements in product innovation and marketing.

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Wolverine World Wide (WWW) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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WWW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2025	2025 (Q1)	0.11 / -	0.05	―	―	―
Feb 19, 2025	2024 (Q4)	0.42 / 0.42	-0.3	240.00% (+0.72)
Nov 07, 2024	2024 (Q3)	0.22 / 0.29	0.07	314.29% (+0.22)
Aug 07, 2024	2024 (Q2)	0.11 / 0.15	0.19	-21.05% (-0.04)
May 08, 2024	2024 (Q1)	<0.01 / 0.05	0.09	-44.44% (-0.04)
Feb 21, 2024	2023 (Q4)	-0.27 / -0.30	-0.15	-100.00% (-0.15)
Nov 09, 2023	2023 (Q3)	0.07 / 0.07	0.48	-85.42% (-0.41)
Aug 10, 2023	2023 (Q2)	0.19 / 0.19	0.66	-71.21% (-0.47)
May 10, 2023	2023 (Q1)	0.04 / 0.09	0.41	-78.05% (-0.32)
Feb 22, 2023	2022 (Q4)	-0.14 / -0.15	0.41	-136.59% (-0.56)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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WWW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2025	$18.73	$15.62	-16.60%
Nov 07, 2024	$15.98	$21.70	+35.79%
Aug 07, 2024	$13.68	$12.75	-6.80%
May 08, 2024	$11.22	$12.52	+11.59%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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