Earnings Per Share (Notes)

3 Months Ended

Mar. 29, 2025

EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share.


	Quarter Ended
(In millions, except per share data)	March 29, 2025		March 30, 2024
Numerator:
Net earnings (loss) attributable to Wolverine World Wide, Inc.	$	11.1	$	(14.5)
Adjustment for earnings allocated to non-vested restricted common stock	(0.3)		(0.3)


Net earnings (loss) used in calculating basic and diluted earnings per share	$	10.8	$	(14.8)
Denominator:


Weighted average shares outstanding	80.7		79.8
Effect of dilutive stock options	0.1		—
Shares used in calculating diluted earnings per share	80.8		79.8
Net earnings (loss) per share:
Basic	$	0.13	$	(0.19)
Diluted	$	0.13	$	(0.19)

For the quarters ended March 29, 2025 and March 30, 2024, 474,375 and 1,770,500 outstanding stock options, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.