WWWWolverine World Wide, Inc.

$1B

Q2 2023 Earnings

Consumer Cyclical Apparel - Footwear & Accessories

Income Statement

Revenue

$589M-17.4% YoY

Gross Profit

$228M38.7% margin

Operating Income

$46M7.8% margin

Net Income

$24M4.1% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

-1.7%

Cash Flow

Operating Cash Flow

$144M

Free Cash Flow

$137M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$2.0B

Stockholders' Equity

$347M

Cash & Equivalents

$177M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$589M	$714M	-17.4%
Gross Profit	$228M	$307M	-25.8%
Operating Income	$46M	$168M	-72.5%
Net Income	$24M	$125M	-80.7%

Revenue Segments

Active Group

$383M65%

Work Group

$118M20%

Lifestyle Group

$75M13%

Other Segments

$13M2%

WWW Q2 2023 Earnings — Wolverine World Wide, Inc. Revenue & Financial Results | Market Cap Arena