Wolverine World Wide, Inc. (NYSE:WWW) Q4 2023 Earnings Conference Call February 21, 2024 8:30 AM ET

Company Participants

Alex Wiseman – Vice President-Finance, FP&A

Chris Hufnagel – President and Chief Executive Officer

Mike Stornant – Executive Vice President and Chief Financial Officer

Conference Call Participants

Jonathan Komp – Baird

Jim Duffy – Stifel

Abbie Zvejnieks – Piper Sandler

Ashley Owens – KeyBanc Capital Markets

Sam Poser – Williams Trading

Mitch Kummetz – Seaport Global Securities

Mauricio Serna – UBS

Operator

Greetings. Welcome to the Wolverine World Wide, Inc. Fourth Quarter and Fiscal Year 2023 Earnings Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to your host Alex Wiseman. You may begin.

Alex Wiseman

Good morning, and welcome to our fourth quarter 2023 conference call. On the call today are Chris Hufnagel, President and Chief Executive Officer; and Mike Stornant, Executive Vice President and Chief Financial Officer. Earlier this morning, we issued our earnings press release and announced our financial results for the fourth quarter and full year 2023 and guidance for fiscal 2024. The press release is available on many news sites and can be viewed on our corporate website at wolverineworldwide.com. This morning's earnings press release and comments made during today's earnings call include non-GAAP financial measures. These non-GAAP financial measures were reconciled to most comparable GAAP financial measures and attached tables within the body of the release.

References made regarding financial results for 2023 and comparable results from 2022 in each case for our ongoing business exclude the impact of Keds, Wolverine Leathers and reflect an adjustment for the transition of our Hush Puppies North America business to a licensing model. The outlook for 2024 and comparable results from 2023, in each case, for our ongoing business now also exclude the impact of Sperry, which was sold in January 2024. 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 2024, 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.