Exhibit 99.1

9341 Courtland Drive NE, Rockford, MI 49351
Phone (616) 866-5500; Fax (616) 866-0257

FOR IMMEDIATE RELEASE
CONTACT: Michael D. Stornant
(616) 866-5728


WOLVERINE WORLDWIDE REPORTS FULL-YEAR RESULTS IN LINE WITH GUIDANCE AND PROVIDES 2016 OUTLOOK


Rockford, Michigan, February 23, 2016 -
Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the fourth quarter and full year ended January 2, 2016. Adjusted financial results exclude restructuring and impairment, acquisition-related integration costs and debt extinguishment costs. References to underlying revenue indicate reported revenue adjusted for the impact of foreign exchange, retail store closures, and the exit of certain brand businesses (Patagonia footwear in 2015 results and Cushe in 2016 guidance).

“We finished the year with both revenue and adjusted earnings per share in line with our expectations for the fourth quarter, highlighted by significant growth in adjusted earnings per share on a constant currency basis,” said Blake W. Krueger, Wolverine Worldwide’s Chairman, Chief Executive Officer and President. “Our ability to deliver strong earnings in a challenging global retail and consumer environment continues to validate the power of our diversified brand portfolio and disciplined operational execution. Looking back on the full year, we made significant progress against our strategic priorities, including investing in global organic growth for our key brands and eCommerce.”


FOURTH-QUARTER 2015 REVIEW
Reported revenue of $751.2 million was in line with guidance. Underlying revenue declined 2.9% versus the prior year. On a reported basis, revenue declined 7.1% versus the prior year.
Adjusted gross margin on a constant currency basis was 37.8%, an increase of 70 basis points versus the prior year. Reported gross margin was 36.2%, compared to 37.1% in the prior year.
Adjusted operating margin on a constant currency basis was 7.2%, up 60 basis points versus the prior year. Reported operating margin was 1.9%, compared to 3.7% in the prior year.
Adjusted diluted earnings per share were $0.33. On a constant currency basis, adjusted diluted earnings per share were $0.40, an increase of 33.3% versus $0.30 in the prior year. Reported diluted earnings per share were $0.12, compared to $0.10 per share in the prior year.
Cash and cash equivalents were $194.1 million, and net debt was $625.9 million, a reduction of $51.1 million from the same period last year.
Reported eCommerce revenue growth accelerated in the fourth quarter to approximately 25%.


FULL-YEAR 2015 REVIEW
Reported revenue of $2.69 billion was in line with guidance. Underlying revenue increased 2.1% versus the prior year. On a reported basis, revenue declined 2.5% versus the prior year.


1

The following information was filed by Wolverine World Wide Inc (WWW) on Tuesday, February 23, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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