Wolverine World Wide Inc (WWW)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 781,500 | 872,500 | 1,070,400 | 1,029,900 | 735,600 |
| Revenue | US$ in thousands | 1,755,000 | 2,242,900 | 2,684,800 | 2,414,900 | 1,791,100 |
| Gross profit margin | 44.53% | 38.90% | 39.87% | 42.65% | 41.07% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $781,500K ÷ $1,755,000K
= 44.53%
The gross profit margin of Wolverine World Wide Inc has displayed fluctuations over the years. It stood at 41.07% as of December 31, 2020, showing a slight increase to 42.65% by December 31, 2021. However, there was a decline in the gross profit margin to 39.87% by December 31, 2022, followed by a further decrease to 38.90% by December 31, 2023. The most recent data point, as of December 31, 2024, shows a significant improvement, with the gross profit margin rising notably to 44.53%.
The trend observed reveals variability in the company's ability to generate profits from its core operations, with both positive and negative movements in the margins. It is important for stakeholders to monitor this metric closely to assess the company's pricing strategy, cost management, and overall profitability performance.
Peer comparison
Dec 31, 2024