8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  July 13, 2005

Wolverine World Wide, Inc.
(Exact Name of Registrant as
Specified in its Charter)

Delaware
(State or Other Jurisdiction
of Incorporation) 001-06024
(Commission
File Number) 38-1185150
(IRS Employer
Identification No.)

9341 Courtland Drive
Rockford, Michigan
(Address of Principal Executive Offices) 49351
(Zip Code)

Registrant's telephone number, including area code:  (616) 866-5500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

                    On July 13, 2005, Wolverine World Wide, Inc. issued the press release attached as Exhibit 99.1 to this Form 8-K, which is here incorporated by reference. This Report and the Exhibit are furnished to, and not filed with, the Commission.

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits:

99.1 Press Release dated July 13, 2005. This Exhibit is furnished to, and not filed with, the Commission.

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SIGNATURES

                    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:  July 13, 2005	WOLVERINE WORLD WIDE, INC. (Registrant)
	/s/  Nicholas P. Ottenwess
	Nicholas P. Ottenwess      Vice President of Finance and Corporate      Controller

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EXHIBIT INDEX

Exhibit Number	Document
99.1	Wolverine World Wide, Inc. Press Release dated July 13, 2005. This Exhibit is furnished to, and not filed with, the Commission.

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EX-99

EXHIBIT 99.1

	WOLVERINE WORLD WIDE, INC. 9341 Courtland Drive, Rockford, MI 49351 Phone (616) 866-5500; FAX (616) 866-0257
	FOR IMMEDIATE RELEASE CONTACT:  Stephen L. Gulis Jr. (616) 866-5570

WOLVERINE WORLD WIDE, INC. REPORTS
RECORD SECOND QUARTER 2005 REVENUE
AND EARNINGS WITH EPS UP 22.2%

          Rockford, Michigan, July 13, 2005 - Wolverine World Wide, Inc. (NYSE: WWW) today reported record revenue and net earnings for its second quarter of 2005, making this the fourteenth consecutive record quarter of both revenue and net earnings for the Company.

          Second quarter 2005 revenue totaled $215.7 million, an 8.5 percent increase over second quarter 2004 revenue of $198.8 million. Earnings per share for the second quarter of 2005 were $0.22 compared to the $0.18 reported for the second quarter of 2004, an increase of 22.2 percent.

          For the first half of 2005, revenue reached $460.9 million, an 8.8 percent gain over the $423.6 million reported for the first half of 2004. Earnings per share for the first half of 2005 grew to $0.49 per share up 28.9 percent from $0.38 per share for the same period of 2004.

          "Our strong performance in the second quarter of 2005 was highlighted by the Outdoor Group, with Merrell leading the way among our portfolio of brands," stated Timothy J. O'Donovan, the Company's Chairman and CEO. "Demand for the Company's spring product offerings was significant, as evidenced by the performance of our brands at retail and an increase in at-once orders in the quarter. Of our four branded operating groups, the Heritage Group, the Hush Puppies Company and the Outdoor Group all experienced double-digit revenue and earnings increases. The Wolverine Footwear Group did not experience a revenue increase due to the impact of the planned reduction in Bates military shipments.

          "We are pleased with our continued growth in international markets, particularly Europe, where our branded wholesale business experienced a second quarter revenue increase of 39 percent. Our European CAT, Hush Puppies, Merrell and Sebago businesses all made significant contributions to the increase. Investments in our European infrastructure, brand-building initiatives and service capabilities are delivering a significant payoff as the business continues to expand.

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2Q 2005 page 2

          "The first half of 2005 was driven by strong consumer response to innovative product offerings including Merrell Continuum, Wolverine MultiShox, CAT iTech and Hush Puppies sport fashion product. Our unique, market-right product paired with our powerful global brands continues to position the Company for further growth and progress toward its goal of becoming the world's premier footwear company in the markets we serve."

          Stephen L. Gulis Jr., the Company's CFO, reported, "During the second quarter of 2005, the Company continued to realize significant gross margin improvement. Gross margin grew to 39.2 percent, a 120 basis point increase over the second quarter of 2004. The positive impact of foreign currency exchange on product costs and a stronger mix of higher-margin goods contributed to the increase. A portion of these improvements was offset by slightly increased product costs from domestic and sourced operations.

          "Our balance sheet remains strong, as the Company ended the quarter with a cash balance in excess of $74 million. Interest-bearing debt of $43.9 million reflects a $16.0 million reduction when compared to the second quarter of 2004. Additionally, working capital increases were at levels which supported the revenue increase."

          O'Donovan concluded, "We ended the second quarter of 2005 with our order backlog up approximately 12 percent which reflects strong retailer demand across our brands. We expect this backlog to assist us in reaching our previously stated 2005 annual estimates of revenue ranging from $1.045-$1.065 billion and earnings per share ranging from $1.22-$1.27 per share. These estimates do not include any impact from the potential repatriation of foreign earnings under the American Jobs Creation Act of 2004 which the Company is currently evaluating."

          The Company will host a conference call at 10:00 a.m. EDT today to discuss these results and current business trends. To listen to the call at the Company's website, go to www.wolverineworldwide.com, click on "Investors" in the navigation bar, and then click "Webcast" from the top navigation bar of the "Investors" page. To listen to the webcast, your computer must have Windows Media Player, which can be downloaded for free on the Wolverine World Wide website. In addition, the conference call can be heard at www.streetevents.com. A replay of the call will be available at the Company's website through July 27, 2005.

          With a commitment to service and product excellence, Wolverine World Wide, Inc. is one of the world's leading marketers of branded casual, active lifestyle, work, outdoor sport and uniform footwear and slippers. The Company's portfolio of highly recognized brands includes: Bates^®, Hush Puppies^®, HYTEST^®, Merrell^®, Sebago^® and Wolverine^®. The Company is also the exclusive footwear licensee of popular brands including CAT^®, Harley-Davidson^®, Patagonia^® and Stanley^®. The Company's products are carried by leading retailers in the U.S. and globally in over 140 countries. For additional information, please visit our website, www.wolverineworldwide.com.

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2Q 2005 page 3

          This press release contains forward-looking statements, including those relating to 2005 sales and earnings, order backlog and consumer demand. In addition, words such as "estimates," "expects," "intends," "should," "will," variations of such words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions ("Risk Factors") that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. Therefore, actual results and outcomes may materially differ from what may be expressed or forecasted in such forward-looking statements. Risk Factors include, among others: changes in consumer preferences or spending patterns; cancellation of orders for future delivery; changes in planned customer demand, re-orders or at-once orders; the availability and pricing o f foreign footwear factory capacity; reliance on foreign sourcing; the availability of power, labor and resources in key foreign sourcing countries, including China; the impact of competition and pricing; the impact of changes in the value of foreign currencies, including the Chinese Yuan, and the relative value to the U.S. Dollar; integration and operations of newly acquired and licensed businesses; retail buying patterns; consolidation in the retail sector; changes in economic and market conditions; acts and effects of war and terrorism; changes in duty structures in countries of import and export including anti-dumping duties in Europe; and additional factors discussed in the Company's reports filed with the Securities and Exchange Commission and exhibits thereto. Other Risk Factors exist, and new Risk Factors emerge from time to time that may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, investors should not place u ndue reliance on forward-looking statements as a prediction of actual results. Furthermore, the Company undertakes no obligation to update, amend or clarify forward-looking statements.

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WOLVERINE WORLD WIDE, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
($000's, except share and per share data)

	12 Weeks Ended					24 Weeks Ended
	June 18,		June 19,			June 18,			June 19,
	2005		2004			2005			2004
Revenue	$	215,706	$	198,774		$	460,880		$	423,645
Cost of products sold		131,252		123,260			280,021			262,690
Gross profit		84,454		75,514			180,859			160,955
Selling and administrative expenses		64,243		58,316			136,398			124,653
Operating profit		20,211		17,198			44,461			36,302
Interest expense		481		891			1,000			1,828
Other expense (income)		120		175			(14	)		247
		601		1,066			986			2,075
Earnings before income taxes
and minority interest		19,610		16,132			43,475			34,227
Income taxes		6,353		5,181			14,086			10,959
Earnings before minority interest		13,257		10,951			29,389			23,268
Minority interest		-		(34	)		-			(16	)
Net earnings	$	13,257	$	10,985		$	29,389		$	23,284
Diluted earnings per share	$	.22	$	.18		$	.49		$	.38

CONDENSED BALANCE SHEETS
(Unaudited)
($000's)

	June 18,		June 19,
	2005		2004
ASSETS:
Cash & cash equivalents	$	74,779	$	63,560
Receivables		157,252		140,907
Inventories		190,059		173,704
Other current assets		15,279		27,610
Total current assets		437,369		405,781
Plant & equipment, net		92,586		95,576
Other assets		114,930		113,422
Total Assets	$	644,885	$	614,779
LIABILITIES & EQUITY:
Notes payable	$	1,000	$	1,000
Current maturities on long-term debt		10,735		15,020
Accounts payable and other accrued liabilities		101,868		86,506
Total current liabilities		113,603		102,526
Long-term debt		32,159		43,895
Other non-current liabilities and minority interest		37,098		35,236
Stockholders' equity		462,025		433,122
Total Liabilities & Equity	$	644,885	$	614,779