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Jul 03, 2021
Wolverine Q2 2021 Earnings Report
Delivered record second-quarter revenue and raised full-year outlook.
Key Takeaways
Wolverine Worldwide reported record financial results for the second quarter ended July 3, 2021. The company's revenue was $631.9 million, up 81.0% versus the prior year. Reported diluted earnings per share were $0.53, compared to a reported diluted loss per share of $0.02 in the prior year. The company raised its full 2021 fiscal-year revenue and earnings outlook.
Reported revenue was $631.9 million, up 81.0% versus the prior year.
Reported gross margin was 42.8%, compared to 42.2% in the prior year.
Reported operating margin was 10.1%, compared to 2.1% in the prior year.
Reported diluted earnings per share were $0.53, compared to a reported diluted loss per share of $0.02 in the prior year.
Revenue by Segment
Forward Guidance
For the full 2021 fiscal year, the Company now expects revenue in the range of $2,340 million to $2,400 million. Reported diluted earnings per share are now expected to be in the range of $1.85 to $1.95, and adjusted diluted earnings per share are now expected to be in the range of $2.20 to $2.30.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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