Wolverine World Wide Inc (WWW)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	872,500	1,070,400	1,029,900	735,600	923,800
Revenue	US$ in thousands	2,242,900	2,684,800	2,414,900	1,791,100	2,273,700
Gross profit margin		38.90%	39.87%	42.65%	41.07%	40.63%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $872,500K ÷ $2,242,900K
= 38.90%

Wolverine World Wide Inc's gross profit margin has shown a fluctuating trend over the past five years. The margin peaked at 42.65% in 2021 before declining to 38.90% in 2023. This suggests that the company's ability to generate profits from its core operations has experienced some variability. It is important for investors and stakeholders to monitor and understand the factors driving these fluctuations to assess the company's operational efficiency and profitability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Wolverine World Wide Inc

WWW

38.90%