Financial Performance - Q1 2025 - Adjusted revenue reached $412 million, a 5.5% year-over-year increase, or 6.7% on a constant currency basis[13, 42] - Adjusted gross margin improved to 47.3%, an increase of 80 basis points year-over-year[13, 42] - Adjusted EPS increased significantly by 260% year-over-year to $0.18, or 300% on a constant currency basis[13, 42] - Net debt decreased by $83 million compared to the prior year, reaching $604 million[49, 50] Full Year 2024 Performance - Adjusted revenue for FY24 was $1.75 billion[4] - Adjusted EPS for FY24 was $0.91, a 507% increase compared to FY23[4, 13] - Net debt reduced by $246 million in 2024[13] - Inventory lowered by $133 million in 2024[13] Segment Performance - Q1 2025 - Active Group revenue increased by 12.7% year-over-year to $327 million[44] - Work Group revenue decreased by 17% year-over-year to $75 million[46] Future Outlook - The company withdrew its 2025 guidance due to uncertainty around tariffs and related macro-economic conditions[52] - The company expects Q2 2025 revenue to be in the range of $440 million to $450 million, an increase of approximately 4.9% at the mid-point[53] - The company expects Q2 2025 adjusted operating margin to expand approximately 90 basis points year-over-year[53]

Revenue 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]

Group 1 - Analysts project Wolverine World Wide (WWW) will announce quarterly earnings of $0.11 per share, a 120% increase year over year [1] - Revenues are expected to reach $395.35 million, reflecting a 0.1% increase from the same quarter last year [1] - The consensus EPS estimate has been revised downward by 9.4% in the past 30 days, indicating a reassessment by covering analysts [2] Group 2 - The average prediction for 'Revenue- Active Group' is $298.16 million, showing a year-over-year change of +2.9% [5] - 'Revenue- Other' is estimated to reach $13.10 million, indicating a decline of -12.7% from the prior-year quarter [5] - 'Revenue- Work Group' is expected to be $84.09 million, reflecting a year-over-year change of -6.7% [5] Group 3 - Wolverine shares have increased by +27.8% in the past month, outperforming the Zacks S&P 500 composite's +11.5% [6] - Wolverine holds a Zacks Rank 4 (Sell), suggesting it is expected to underperform the overall market in the near term [6]

Company Overview - Wolverine World Wide (WWW) is anticipated to report a year-over-year increase in earnings, with a projected earnings per share (EPS) of $0.16, reflecting a significant increase of +220% compared to the previous year [3] - The expected revenue for the quarter is $395.35 million, which represents a slight increase of 0.1% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for release on May 8, 2025, and could influence the stock price depending on whether the actual results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised down by 6.54% over the last 30 days, indicating a more cautious outlook from analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP (Expected Surprise Prediction) model indicates that the Most Accurate Estimate for Wolverine is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -17.46% [10][11] - This negative Earnings ESP, combined with a Zacks Rank of 5 (Strong Sell), suggests a challenging environment for predicting an earnings beat [11] Historical Performance - In the last reported quarter, Wolverine exceeded the consensus EPS estimate by delivering earnings of $0.42 per share against an expectation of $0.41, resulting in a surprise of +2.44% [12] - Over the past four quarters, the company has beaten consensus EPS estimates three times, indicating some level of reliability in its earnings performance [13] Industry Comparison - In the broader context of the Zacks Shoes and Retail Apparel industry, Steven Madden (SHOO) is expected to report earnings of $0.46 per share, reflecting a year-over-year decline of -29.2% [17] - Steven Madden's revenue is projected to be $561.97 million, which is an increase of 1.7% from the previous year [17] - Despite a recent downward revision of 6.6% in the consensus EPS estimate for Steven Madden, it has a positive Earnings ESP of 9.29%, although it carries a Zacks Rank of 4 (Sell), complicating predictions for an earnings beat [18]

Financial Data and Key Metrics Changes - Fiscal 2024 revenue for ongoing business was $1.75 billion, a decline of 12.1% compared to the prior year, primarily due to discrete items in 2023 [38] - Full-year adjusted gross margin was 44.6%, an increase of 470 basis points versus last year, reflecting cost-saving actions and improved sales mix [39] - Fourth-quarter revenue was $495 million, exceeding expectations, with ongoing business revenue growing 3% year-over-year [42] - Fourth-quarter adjusted gross margin was 44%, a year-over-year increase of 620 basis points [45] - Full-year diluted earnings per share was $0.91, compared to $0.15 in 2023, indicating significant profitability improvement [41] Business Line Data and Key Metrics Changes - Saucony grew 7% in the fourth quarter, with low teens growth in the US and over 20% in EMEA, driven by strong demand and improved product offerings [17][43] - Merrell posted a 1% revenue increase in the fourth quarter, continuing to gain market share in the US hiking category [25][43] - Sweaty Betty's revenue was down 6% in the fourth quarter, although profitability improved with nearly 900 basis points of gross margin improvement [30][43] - Wolverine brand's revenue performance was encouraging, but trends remained inconsistent [32] Market Data and Key Metrics Changes - Saucony's running business gained market share in the US run specialty channel for the second consecutive quarter [17] - Merrell gained significant market share in the US hiking category, marking the eighth time in the last nine quarters [25] - The work group revenue increased by 21% in the fourth quarter, driven by strong demand for core franchises [44] Company Strategy and Development Direction - The company is focused on stabilizing its foundation and driving growth through brand-building investments and product innovation [10][66] - Plans include expanding Saucony's lifestyle offerings and enhancing marketing efforts, particularly in key city activations [66] - The company aims to modernize its product line management tools and enhance e-commerce capabilities to improve consumer experiences [68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's direction and brand-building strategies, highlighting the potential for significant growth [65] - The outlook for 2025 includes expected revenue growth of 2.5% to 4.3%, with a focus on new product launches and lifestyle expansion [51] - Management acknowledged the need for continued investment in brands and technology to drive long-term sustainable growth [63] Other Important Information - The company successfully reduced net debt to $496 million, a 33% reduction compared to 2023 [48] - Inventory at the end of the fourth quarter was $241 million, down approximately 36% from last year, indicating improved planning and execution [47] Q&A Session Summary Question: Saucony's growth and new doors - Management confirmed plans for 900 new doors for Saucony, with many being online, and emphasized the importance of driving sell-through [73][76] Question: Merrell's new doors and reception - Management noted that Merrell is also opening new doors, particularly in the female consumer segment, and is encouraged by early returns [74][78] Question: Gross margin sustainability - Management expressed satisfaction with gross margin improvements and indicated ongoing opportunities for further expansion [81][84] Question: Long-term operating margin aspirations - Management stated that while it's too early to provide a specific timeline for mid-teen operating margins, they are encouraged by recent progress [90][93] Question: Inventory management - Management characterized current inventory levels as healthy and close to target, with plans for modest investment in inventory for 2025 [145]

The collection features the iconic ProGrid Omni 9 and kids Shadow 6000s in vibrant colorways and design elements reflective of Jae's signature style ROCKFORD, Mich., Sept. 13, 2024 /PRNewswire/ -- Saucony, a leading global performance running lifestyle brand, today announced that the To-Do List Collection, its third collaboration with Bronx native Jae Tips, will be available globally at Saucony.com beginning September 20. Saucony® and Jae Tips Unveil the 'To-Do List' Collection, Launching Globally on Septem ...