Wolverine World Wide (NYSE: WWW) reported earnings on July 9. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 15 (Q2), Wolverine World Wide met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share dropped. GAAP earnings per share contracted.

Gross margins grew, operating margins contracted, net margins contracted.

Revenue details
 Wolverine World Wide booked revenue of $587.8 million. The 11 analysts polled by S&P Capital IQ looked for revenue of $591.0 million on the same basis. GAAP reported sales were 88% higher than the prior-year quarter's $312.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.46. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.34 per share. Non-GAAP EPS of $0.46 for Q2 were 4.2% lower than the prior-year quarter's $0.48 per share. GAAP EPS of $0.36 for Q2 were 14% lower than the prior-year quarter's $0.42 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 41.0%, 320 basis points better than the prior-year quarter. Operating margin was 7.6%, 130 basis points worse than the prior-year quarter. Net margin was 3.0%, 360 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $711.2 million. On the bottom line, the average EPS estimate is $1.01.

Next year's average estimate for revenue is $2.74 billion. The average EPS estimate is $2.70.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 153 members out of 164 rating the stock outperform, and 11 members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 60 give Wolverine World Wide a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wolverine World Wide is hold, with an average price target of $49.09.

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