Net Earnings used to calculate diluted earnings per share
$22 - $30
$3
$0
$25 - $33
Shares used to calculate diluted earnings per share
80.1
80.1
2024 adjustments reflect estimated environmental and other related costs net of recoveries and reorganization costs.
2024 adjustments reflect financial results for the Sperry® business and Sperry® stores not divested which the Company is closing in 2024.
* To supplement the consolidated condensed financial statements presented in accordance with Generally Accepted Accounting Principles ("GAAP"), the Company describes what certain financial measures would have been if environmental and other related costs net of recoveries and reorganization costs. The adjusted 2024 outlook excludes financial results from the Sperry business and Sperry® stores that were not divested, which the Company is closing in 2024. The Company believes these non-GAAP measures provide useful information to both management and investors by increasing comparability to the prior period by adjusting for certain items that may not be indicative of the Company's core ongoing operating business results and to better identify trends in the Company's ongoing business. The adjusted financial results are used by management to, and allow investors to, evaluate the operating performance of the Company on a comparable basis.
Management does not, nor should investors, consider such non-GAAP financial measures in isolation from, or as a substitution for, financial information prepared in accordance with GAAP. A reconciliation of all non-GAAP measures included in this press release, to the most directly comparable GAAP measures are found in the financial tables above.
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Wolverine World Wide Inc. published this content on November 07, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 07, 2024 at 20:09:23.281.
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.
WOLVERINE WORLD WIDE, INC. 
