Wolverine World Wide(US:WWW)2025-05-08 11:23Financial 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]