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Jun 27, 2020
Wolverine Q2 2020 Earnings Report
Reported strong cash flow and better-than-expected revenue and earnings.
Key Takeaways
Wolverine World Wide, Inc. reported second-quarter results that significantly exceeded expectations across every key financial metric. The company's brands excelled online, with nearly triple-digit owned eCommerce revenue growth. The company generated $116 million of operating cash flow in the quarter.
Revenue was $349.1 million, down 38.6% versus the prior year.
Owned eCommerce revenue grew 96.0% versus the prior year.
Cash flow from operating activities in the quarter was $115.6 million.
Cash on hand at the end of the quarter was $422.6 million.
Revenue by Segment
Forward Guidance
The Company now expects to generate $200 million to $250 million of operating cash flow for the full year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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