WOLVERINE WORLD WIDE INC /DE/WWW

WOLVERINE WORLD WIDE INC /DE/ Earnings Per Share Disclosure

10-KFiled Feb 27, 20262 min read
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
Fiscal Year
(In millions, except per share data)202520242023
Numerator:
Net earnings (loss) attributable to Wolverine World Wide, Inc.$95.8 $45.2 $(38.5)
Less: net earnings attributed to participating share-based awards
(2.7)(1.6)(0.7)
Net earnings (loss) used to calculate earnings per share$93.1 $43.6 $(39.2)
Denominator:
Weighted average shares outstanding
81.2 80.0 79.4 
Effect of dilutive share-based awards
0.5 — — 
Shares used to calculate diluted earnings per share
81.7 80.0 79.4 
Net earnings (loss) per share:
Basic
$1.14 $0.55 $(0.49)
Diluted
$1.14 $0.55 $(0.49)
For fiscal years 2025, 2024 and 2023, 185,601, 1,592,297 and 2,022,676 outstanding stock options, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.
The Company has 2,000,000 authorized shares of $1 par value preferred stock, none of which was issued or outstanding as of January 3, 2026 or December 28, 2024. The Company has designated 150,000 shares of preferred stock as Series A junior participating preferred stock and 500,000 shares of preferred stock as Series B junior participating preferred stock for possible future issuance.
The Company repurchased $14.5 million of Company common stock in fiscal year 2025 under stock repurchase plans and did not repurchase Company common stock in fiscal years 2024 or 2023. In addition to the stock repurchase program activity, the Company acquired $10.7 million, $2.6 million and $5.8 million of Company common stock in fiscal years 2025, 2024 and 2023, respectively, in connection with employee transactions related to stock incentive plans.
On March 7, 2024, the Company's Board of Directors approved a common stock repurchase program that authorized the repurchase of $150.0 million of common stock over a three-year period.

Historical Timeline

Fiscal YearFiled
2026Feb 27, 2026Showing above
2024Feb 20, 2025
2023Feb 22, 2024
2022Feb 23, 2023
2021Feb 26, 2021
2019Feb 26, 2020
2018Feb 26, 2019
2017Feb 27, 2018
2016Feb 28, 2017

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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