Wolverine World Wide (NYSE: WWW) reported Q4 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $607.4 million versus the consensus estimate of $614.23 million.

GUIDANCE:

Wolverine World Wide sees FY2020 EPS of $2.25-$2.40, versus the consensus of $2.51. Wolverine World Wide sees FY2020 revenue of $2.29-2.34 billion, versus the consensus of $2.37 billion.

• Revenue is expected to be approximately $2.29 billion to $2.34 billion, representing growth of approximately 3.0% at the high-end of the range. Constant currency revenue growth is expected to be approximately 3.5% at the high-end of the range. This outlook includes an estimated revenue impact from the coronavirus of approximately $30 million in the first half of 2020. Excluding the estimated coronavirus impact, constant currency growth in 2020 is expected to be 4.5% at the high-end of the range.
• Gross margin is expected to be approximately 41.0%.
• Reported operating margin is expected to be approximately 11.0% and adjusted operating margin is expected to be approximately 12.0%.
• The effective tax rate is expected to be approximately 19.0%.
• Diluted weighted average shares are expected to be approximately 82.5 million.
• Reported diluted earnings per share are expected to be approximately $2.05 to $2.20. Adjusted diluted earnings per share are expected to be approximately $2.25 to $2.40. Both reported and adjusted EPS include the negative estimated impact of $0.10 related to foreign currency and $0.10 related to the coronavirus. Excluding the estimated coronavirus impact and the impact of foreign currency, adjusted EPS on a constant currency basis is expected to be $2.60 at the high-end of the range.
• Cash flow from operations is expected to be approximately $240 million.

For earnings history and earnings-related data on Wolverine World Wide (WWW) click here.