Wolverine World Wide, Inc. (NYSE:WWW) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET

Corporate Participants

Alex Wiseman - VP, Finance and eCommerce

Brendan Hoffman - President and Chief Executive Officer

Mike Stornant - EVP and Chief Financial Officer

Conference Call Participants

Jim Duffy - Stifel

Jonathan Komp - Baird

Dana Telsey - Telsey Advisory Group

Laurent Vasilescu - BNP Paribas

Susan Anderson - B. Riley

Mitch Kummetz - Seaport Research

Operator

Good morning everyone and welcome to the Wolverine World Wide First Quarter Fiscal 2022 Results Conference Call. All participants will be in a listen-only mode. [Operator Instructions]. It this time, I’d like to turn the call over to Alex Wiseman, Vice President of Finance and Investor Relations. Sir, please go ahead.

Alex Wiseman

Good morning and welcome to our first quarter 2022 conference call.

On the call today are Brendan Hoffman, our President and Chief Executive Officer and Mike Stornant, our Executive Vice President and Chief Financial Officer. Earlier this morning, we announced our financial results for the first quarter 2022. The press release is available on many news sites and can be viewed on our corporate website at wolverineworldwide.com. If you would prefer to have a copy of the release sent to you directly, please call Jean Fontana at 646-277-1214.

This morning’s press release and comments made during today’s earnings call include non-GAAP disclosures, which adjusts, for example, for the impacts of environmental and other related costs net of cost recoveries and foreign exchange rate changes. Additionally, prior year non-GAAP disclosure include adjustment for airfreight charges related to production and shipping delays caused by the COVID-19 pandemic.

References to organic performance reflect the exclusion of the Sweaty Betty brand which was acquired in August 2021. These disclosures were reconciled in the attached tables within the body of the release or in supplemental tables found on our website under the Investor Relations tab at the Webcast and Presentations link.

I’d also like to remind you that statements describing the company’s expectations, plans, predictions, and projections, such as those regarding the company’s outlook for fiscal year 2022, growth opportunities and trends expected to affect the company’s future performance made during today’s conference call are forward-looking statements under U.S. Securities Laws. As a result, we must caution you that there are a number of factors that could cause actual results to differ materially from those described in the forward-looking statements. These important risk factors are identified in the company’s SEC filings and in our press releases.