Filing Flows › Wolverine World Wide (WWW) › Q4 2024
Wolverine World Wide (WWW) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Feb 20, 2025
Wolverine World Wide (WWW) reported revenue of $495M for the fourth quarter 2024 (Q4 2024), -6% from a year earlier and +12% from the quarter before. Operating margin was 7.6%, net earnings $24.6M (5.0% of revenue).
Wolverine World Wide, Q4 2024: revenue $495M (-6% year over year), operating margin 7.6%, net earnings $24.6M, operating cash flow $82.4M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $495M | +12% | -6% |
| Gross profit | $216M | +9% | +11% |
| Operating profit | $37.8M | +9% | — |
| Net earnings | $24.6M | +6% | — |
| Operating cash flow | $82.4M | -24% | -28% |
| Free cash flow | $74.4M | -29% | -37% |
What changed
Revenue was $494.7M in Q4 2024, down 6% year over year and up 12% from the previous quarter. Active Group was the largest line at 67% of revenue.
Gross margin was 43.6%, up 6.7 points from a year earlier. Operating profit was $37.8M, a 7.6% margin (up 42.9 points year over year). Operating expenses fell 53% while revenue fell 6%. Net earnings were $24.6M. The effective tax rate was 11.7%.
Operating cash flow was $82.4M (down 28% year over year), 311% of net income including minority interests. Non-cash charges added back $6.8M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items added $45.0M. Capital expenditures of $8.0M left free cash flow of $74.4M.
Questions
What was Wolverine World Wide's revenue in the fourth quarter 2024?
Wolverine World Wide (WWW) reported revenue of $495M for the fourth quarter 2024 (Q4 2024), -6% from a year earlier and +12% from the quarter before.
Was Wolverine World Wide profitable in the fourth quarter 2024?
Operating profit was $37.8M (7.6% of revenue) and net earnings $24.6M.