WOLVERINE WORLD WIDE INC DE
For the period ended Aug 7, 2024. Filed Aug 7, 2024.
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Aug 7, 2024 · Filed Aug 7, 2024
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Contents
EX-99.1 · TO ADJUSTED OPERATING MARGIN*
TO ADJUSTED OPERATING MARGIN*
| GAAP Basis | Adjustments (1) | Divestiture (2) | As Adjusted | |
|---|---|---|---|---|
| Operating Profit - Fiscal 2024 Q2 | $29.1 | $(3.5) | $1.2 | $26.8 |
| Operating margin | 6.8% | 6.3% | ||
| Operating Profit - Fiscal 2023 Q2 | $46.1 | $(11.7) | $(0.9) | $33.5 |
| Operating margin | 7.8% | 6.4% | ||
| (1)Q2 2024 adjustments reflect $15.7 million of environmental and other related costs net of recoveries, partially offset by $9.0 million of reorganization costs and $3.2 million for impairments of long-lived assets. Q2 2023 adjustments reflect $29.4 million of environmental and other related costs net of recoveries, partially offset by $15.6 million for impairments of long-lived assets and $2.1 million of reorganization costs. | ||||
| (2)Q2 2024 adjustments reflect the Sperry business results included in the consolidated condensed statement of operations. Q2 2023 adjustments reflect results for the Sperry business and Wolverine Leathers business included in the consolidated condensed statement of operations. | ||||
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