Filing Flows › Wolverine World Wide (WWW) › Q1 2025
Wolverine World Wide (WWW) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Wolverine World Wide (WWW) reported revenue of $412M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -17% from the quarter before. Operating margin was 4.8%, net earnings $11.1M (2.7% of revenue).
Wolverine World Wide, Q1 2025: revenue $412M (+4% year over year), operating margin 4.8%, net earnings $11.1M, operating cash flow −$83.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $412M | -17% | +4% |
| Gross profit | $196M | -9% | +8% |
| Operating profit | $19.7M | -48% | — |
| Net earnings | $11.1M | -55% | — |
| Operating cash flow | −$83.8M | -202% | — |
What changed
Revenue was $412.3M in Q1 2025, up 4% year over year and down 17% from the previous quarter. Active Group was the largest line at 79% of revenue. Active Group added $36.9M year over year (up 13%), 212% of the total change. Other declined 28%.
Gross margin was 47.6%, up 1.6 points from a year earlier. Operating profit was $19.7M, a 4.8% margin (up 5.6 points year over year). Operating expenses fell 4% while revenue rose 4%. Net earnings were $11.1M. The effective tax rate was 7.6%.
Operating cash flow was −$83.8M. Non-cash charges added back $6.1M of depreciation and amortization and $5.7M of share-based compensation. Working capital and other items used $107.8M. Capital expenditures of $7.6M exceeded it, leaving free cash flow of −$91.4M.
Questions
What was Wolverine World Wide's revenue in the first quarter 2025?
Wolverine World Wide (WWW) reported revenue of $412M for the first quarter 2025 (Q1 2025), +4% from a year earlier and -17% from the quarter before.
Was Wolverine World Wide profitable in the first quarter 2025?
Operating profit was $19.7M (4.8% of revenue) and net earnings $11.1M.