Wolverine World Wide, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 28, 2024
November 07, 2024 at 06:30 am EST
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Wolverine World Wide, Inc. reported earnings results for the third quarter and nine months ended September 28, 2024. For the third quarter, the company reported sales was USD 440.2 million compared to USD 527.7 million a year ago. Sales was USD 440.2 million compared to USD 527.7 million a year ago. Net income was USD 23.6 million compared to USD 8.6 million a year ago. Net income was USD 23.6 million compared to USD 8.6 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.11 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.11 a year ago.
For the nine months, sales was USD 1,260.3 million compared to USD 1,716.2 million a year ago. Sales was USD 1,260.3 million compared to USD 1,716.2 million a year ago. Net income was USD 23.3 million compared to USD 51.6 million a year ago. Net income was USD 23.3 million compared to USD 51.6 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.64 a year ago.
Wolverine World Wide, Inc. is a designer, marketer and licensor of a range of quality casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform shoes and boots. The Company's segments include Active Group and Work Group. Its Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear. Its Work Group segment consists of Wolverine footwear and apparel, Cat footwear, Bates uniform footwear, Harley-Davidson footwear and HYTEST safety footwear. Its Other category consists of Sperry footwear, Keds footwear, Hush Puppies footwear and apparel. The Companyâs products are marketed worldwide in approximately 170 countries and territories through owned operations in the United States (U.S.), Canada, the United Kingdom (U.K.) and certain countries in continental Europe and Asia Pacific.