Wolverine World Wide Inc (WWW)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -134,600 | -398,200 | -363,400 | -236,100 | -252,100 | 196,100 | 152,400 | 49,400 | 81,900 | -122,000 | -91,000 | -146,500 | -182,400 | 27,700 | 57,700 | 108,700 | 145,500 | 198,500 | 201,200 | 218,900 |
| Revenue (ttm) | US$ in thousands | 2,179,400 | 2,287,700 | 2,455,100 | 2,586,000 | 2,599,900 | 2,659,500 | 2,607,200 | 2,525,300 | 2,414,900 | 2,292,400 | 2,145,300 | 1,861,300 | 1,790,000 | 1,882,000 | 1,966,600 | 2,188,800 | 2,273,700 | 2,243,100 | 2,229,800 | 2,229,100 |
| Pretax margin | -6.18% | -17.41% | -14.80% | -9.13% | -9.70% | 7.37% | 5.85% | 1.96% | 3.39% | -5.32% | -4.24% | -7.87% | -10.19% | 1.47% | 2.93% | 4.97% | 6.40% | 8.85% | 9.02% | 9.82% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-134,600K ÷ $2,179,400K
= -6.18%
The pretax margin of Wolverine World Wide Inc has shown fluctuating trends over the past few quarters. The company recorded negative pretax margins in the most recent quarters of December 2023, September 2023, and June 2023, indicating that its operating expenses and/or non-operating expenses exceeded its gross profit during these periods.
The pretax margin improved in the quarter ending September 2022, with a positive figure of 7.37%, but then decreased in the subsequent quarters. This fluctuation suggests potential inconsistencies in the company's cost management and revenue generation strategies.
Overall, the company's pretax margin has been mostly negative or low in the recent quarters, indicating potential challenges in profitability and cost control. However, it is important to conduct further analysis and investigate the specific reasons behind these fluctuations to assess the financial health and performance of Wolverine World Wide Inc accurately.
Peer comparison
Dec 31, 2023