Wolverine World Wide (NYSE:WWW) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.76b (down 22% from FY 2023).
• Net income: US$46.3m (up from US$40.3m loss in FY 2023).
• Profit margin: 2.6% (up from net loss in FY 2023). The move to profitability was driven by lower expenses.
• EPS: US$0.58 (up from US$0.51 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wolverine World Wide EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%.

The primary driver behind last 12 months revenue was the Active Group segment contributing a total revenue of US$1.25b (71% of total revenue). Notably, cost of sales worth US$973.5m amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$547.1m (74% of total expenses). Explore how WWW's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Luxury industry in the US.

Performance of the American Luxury industry.

The company's shares are down 18% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Wolverine World Wide has 2 warning signs (and 1 which can't be ignored) we think you should know about.

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