Wolverine World Wide(US:WWW)2025-05-08 10:16Revenue Performance - Total revenue for Q1 2025 was $412.3 million, representing a year-over-year increase of 4.4% compared to $394.9 million in Q1 2024[5] - Active Group revenue increased by 12.7% to $326.7 million, while Work Group revenue decreased by 17.0% to $74.8 million[5] - The company expects Q2 2025 revenue to be approximately $440 million to $450 million, indicating growth of approximately 3.7% to 6.0% compared to Q2 2024[11] - Total revenue for Q1 2025 was $412.3 million, representing a 4.4% increase from $394.9 million in Q1 2024[25] - The Active Group revenue increased by 12.7% to $330.2 million in Q1 2025, while the Work Group revenue decreased by 17.0% to $74.8 million[25] Profitability - Gross margin improved to 47.3%, up from 45.9% in the previous year, reflecting a 140 basis point increase[5] - Diluted earnings per share for Q1 2025 was $0.13, a significant improvement from a loss of $0.19 in Q1 2024, marking a 168.4% increase[5] - Net earnings for Q1 2025 were $12.2 million, a significant improvement compared to a net loss of $13.7 million in Q1 2024[23] - Operating profit for Q1 2025 was $19.7 million, resulting in an operating margin of 4.8%, compared to an operating loss of $3.1 million in Q1 2024[32] - The adjusted diluted earnings per share for Q2 2025 is projected to be in the range of $0.19 to $0.24[11] Inventory and Debt Management - Inventory at the end of Q1 2025 was $271 million, down $84 million or approximately 23.6% compared to the prior year[6] - Net debt decreased to $604 million, down $83 million or approximately 12.1% year-over-year[6] Guidance and Economic Conditions - The company has withdrawn its full-year 2025 guidance due to uncertainty around tariffs and macro-economic conditions[8] - The company expects Q2 2025 revenue guidance of $440 - $450 million, with dilutive EPS guidance of $0.17 - $0.22[36] - Adjusted operating margin for Q2 2025 is projected to be 7.2%, up from a GAAP basis of 6.7%[36] Brand Performance - Merrell and Saucony brands drove growth with revenue increases of 13.2% and 29.6%, respectively[5] Asset and Liability Management - Cash and cash equivalents decreased to $106.5 million in Q1 2025 from $169.7 million in Q1 2024[23] - Total assets decreased to $1,684.5 million in Q1 2025 from $1,853.0 million in Q1 2024[21] - Total current liabilities decreased to $551.1 million in Q1 2025 from $730.3 million in Q1 2024[21]