WOLVERINE WORLD WIDE INC DE
For the period ended Nov 7, 2024. Filed Nov 7, 2024.
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Nov 7, 2024 · Filed Nov 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 Q3 | $35.2 | $(1.9) | $0.8 | $34.1 |
| Operating margin | 8.0% | 7.7% | ||
| Operating Profit - Fiscal 2023 Q3 | $27.3 | $(3.7) | $2.9 | $26.5 |
| Operating margin | 5.2% | 5.6% | ||
| (1)Q3 2024 adjustments reflect $8.5 million gain on the sale of businesses, trademarks and long-lived assets, partially offset by $5.3 million of reorganization costs and $1.3 million of environmental and other related costs net of recoveries. Q3 2023 adjustments reflect $57.7 million gain on the sale of businesses, trademarks and long-lived assets, partially offset by $38.3 million for a non-cash impairment of the Sperry® trade name, $2.3 million of environmental and other related costs net of recoveries, $9.0 million of reorganization costs, $2.0 million of Sperry® store closure costs and $2.4 million of costs associated with divestitures. | ||||
| (2)Q3 2024 adjustments reflect the Sperry business results included in the consolidated condensed statement of operations. Q3 2023 adjustments reflect results for the Sperry business and Wolverine Leathers business included in the consolidated condensed statement of operations. | ||||
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