Wolverine World Wide

Wolverine World Wide, Inc. engages in the design, manufacture, and sale of branded casual, active lifestyle, work, outdoor sport, athletic, uniform, footwear, and apparel. It operates through the following segments: Wolverine Michigan Group and Wolverine Boston Group. The Wolverine Michigan Group consists of Merrell, Cat, Chaco, Hush Puppies, Bates uniform, Harley-Davidson and Hytest safety footwear and apparel. The Wolverine Boston Group consists of Sperry, Saucony , Keds, and the Kids footwear business, which includes the Stride Rite licensed business, as well as kids' footwear offerings from Saucony, Sperry, Keds, Merrell, Hush Puppies, and Cat. The company was founded by G. A. Krause in 1883 and is headquartered in Rockford, MI.

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Wolverine World Wide reports strong revenue growth and strategic focus

Wolverine World Wide (WWW) showcased strong performance in its Active Group, with Merrell and Saucony driving revenue growth. While facing challenges with Sperry's underperformance, the company is focused on opportunities like expanding Saucony's market reach and innovating products for growth. With a strategic focus on cost reduction and brand portfolio review, WWW aims to improve financial metrics and generate operating free cash flow in 2023.

Wolverine World Wide reports robust Q1 growth and strategic focus

Wolverine World Wide's Q1 2023 showcased strong revenue growth, particularly in the active group and international markets. The company is strategically focusing on growth brands and operational improvements to drive future success. Challenges include revenue declines in certain segments and DTC channel slowdown.

Wolverine World Wide (WWW) faces revenue challenges but pursues brand-building strategies

Wolverine World Wide (WWW) is navigating challenges with urgency, bold actions, and a focus on brand building. The company is consolidating footwear brands, reducing inventory, and aiming for an improved operating margin in 2024. Emphasis on building durable and resilient brands to navigate the market environment.

Wolverine World Wide meets Q3 expectations, focuses on brand-building

Wolverine World Wide (WWW) reported steady performance in Q3, focusing on stabilizing and transforming the business for future growth.
Efforts to reduce costs and improve operational efficiency are expected to yield significant benefits in 2024.
Despite challenges in key markets, the company is strategically positioning itself for long-term success through brand-building and innovation.
Investments in consumer insights, product development, and cost-saving initiatives are key drivers for enhancing profitability and competitiveness.

Wolverine World Wide reports record gross margin outlook for 2024

Wolverine World Wide's Q4 2023 earnings call highlighted achievements in turnaround efforts, inventory reduction, and debt stabilization. The company is focused on brand building, operational efficiency, and profitability improvement. Revenue decline in 2024 is expected to be temporary, with growth anticipated in the second half of the year.

Wolverine World Wide (WWW) beats revenue expectations, focuses on growth

Wolverine World Wide (WWW) reported strong Q1 2024 earnings, exceeding revenue expectations and achieving record gross margins. The company's strategic focus on brand marketing, product innovation, and balance sheet strength through debt reduction is driving growth. Challenges in revenue guidance adjustments and inventory management are being addressed, while opportunities in expanding product categories and improving profitability are being pursued.

Wolverine Worldwide surpasses Q2 expectations, raises guidance amid growth focus

Wolverine Worldwide's Q2 2024 performance exceeded expectations, showcasing strong revenue, margin improvement, and debt reduction.
The company's strategic focus on brand management and consumer-centric growth has positioned it for continued success.
While challenges like market dynamics and supply chain disruptions persist, Wolverine Worldwide remains optimistic about its growth prospects.
By leveraging its strengths, addressing challenges, and seizing opportunities, Wolverine Worldwide aims to drive sustainable growth and brand relevance.

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Wolverine World Wide, Inc. engages in the design, manufacture, and sale of branded casual, active lifestyle, work, outdoor sport, athletic, uniform, footwear, and apparel. It operates through the following segments: Active Group & Work Group. The Active Group segment consists of Merrell footwear and apparel, Saucony footwear and apparel, Sweaty Betty activewear, and Chaco footwear. The Work Group segment consists of Wolverine footwear and apparel, Cat footwear, Bates uniform footwear, Harley-Davidson footwear and HYTEST safety footwear. The company was founded by G. A. Krause in 1883 and is headquartered in Rockford, MI.

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ROCKFORD, Mich. , Nov. 19, 2024 /PRNewswire/ -- Wolverine®, the 141-year-old boot and clothing company, has joined forces with the beloved Mexican soft drink brand, Jarritos®, to launch a limited-edition boot that's as bold and vibrant as the flavors it celebrates.

Wolverine and Jarritos Unite to Celebrate Heritage and Flavor with Limited-Edition Trade Wedge Boot

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced the opening of a new global Innovation Hub on 90 Causeway Street in Boston, Massachusetts. “Boston is an amazing city with a deep connection to our brands and exceptional design and footwear talent, and we are excited to open our first global Innovation Hub in the heart of downtown,” said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. “With this Innovation Hub, our team of des.

Wolverine Worldwide Opens Boston Innovation Hub to Accelerate Product Design and Development

A big earnings beat has this stock continuing its strong move higher.

Bull of the Day: Wolverine World Wide (WWW)

WWW's solid growth, brand revitalization and streamlined operations contribute to impressive market gains, indicating stability and strong return potential.

Wolverine Hits a New 52-Week High: How Should You Play the Stock Now?

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Wolverine World Wide, Inc. (NYSE:WWW ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Alex Wiseman - VP, Finance Chris Hufnagel - President and CEO Taryn Miller - EVP and CFO Conference Call Participants Laurent Vasilescu - BNP Paribas Ashley Owens - KeyBanc Capital Markets Mitch Kummetz - Seaport Research Jim Duffy - Stifel Sam Poser - Williams Trading Anna Andreeva - Piper Sandler Mauricio Serna - UBS Operator Good day, everyone, and welcome to today's Wolverine Worldwide Third Quarter Fiscal 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Wolverine World Wide, Inc. (WWW) Q3 2024 Earnings Call Transcript

Wolverine World Wide, Inc.'s 3Q24 results show sequential improvement, with adjusted revenues down 7% YoY and margins improving due to lower promotions and OpEx reductions. Merrell posted its first positive quarter in a long time, while Saucony and workwear segments faced challenges, impacting overall brand performance. Valuation appears optimistic given Wolverine's historical struggles with growth and margins, making the current stock price risky without proven turnaround success.

Wolverine World Wide: Priced For 2x Margins, Mid-Single Digit Growth, Too Optimistic

WWW posts better-than-expected revenues and earnings in the third quarter of 2024, led by strength in the Merrell and Saucony brands coupled with gains from its turnaround plans.

Wolverine's Q3 Earnings Beat, Merrell Brand Revenues Up 1.4% Y/Y

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ROCKFORD, Mich. , Nov. 7, 2024 /PRNewswire/ -- Chaco, the outdoor footwear brand born on the river and renowned for its performance sandals, today launched its latest sandal innovation engineered for lightweight comfort.

Chaco Introduces the All-New Comfort-First, Lightweight CushZ Sandal

Wolverine World Wide (WWW) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.07 per share a year ago.

Wolverine World Wide (WWW) Q3 Earnings and Revenues Top Estimates

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the third quarter ended September 28, 2024. “In the third quarter, we delivered better-than-expected revenue and earnings – led by Merrell and Saucony outpacing our forecast – as we continue to make progress on our plan to turnaround and transform the Company for the future,” said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. “We drove another quarter of.

Wolverine Worldwide Reports 2024 Third Quarter Revenue and Earnings Above Guidance

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Wolverine World Wide (WWW) Stock Undervalued Right Now?

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Wolverine's Q3 results are likely to reflect a year-over-year revenue decline amid a challenging retail environment. However, it expects an improvement in the gross margin.

What Should Investors Expect From WWW Ahead of Q3 Earnings?

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock. The dividend is payable on February 3, 2025, to stockholders of record on January 2, 2025. The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.40 per share. ABOUT WOLVERINE WORLDWIDE Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world'.

Wolverine Worldwide Declares Quarterly Dividend

ROCKFORD, Mich., Oct. 29, 2024 /PRNewswire/ -- Merrell® , the world's leading outdoor footwear brand, and off-road automotive adventure icon Jeep® brand have joined forces for a second time to create a collection around Merrell's newest hiking innovation and the electrified Jeep Wrangler 4xe.

MERRELL® AND THE JEEP® BRAND ANNOUNCE SECOND FOOTWEAR COLLABORATION, INSPIRED BY FUTURE OF OUTDOOR INNOVATION

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced the appointment of Susie Kuhn as President of the Company's Active Group, effective October 28, 2024. Ms. Kuhn will be responsible for leading successful brand strategies, executing consumer-focused go-to-market plans, and driving commercial performance for Wolverine Worldwide's Active Group – which includes the Merrell, Saucony, and Chaco brands. The Collective – the Company's recently created center-of-ex.

Wolverine Worldwide Appoints Susie Kuhn as Active Group President

Wolverine's operational efficiency, innovative products and debt reduction drive brand loyalty and strengthen growth potential.

WWW Stock Falls 15% From 52-Week High: Thinking of Buying the Dip?

Wolverine World Wide Inc. NYSE: WWW designs and manufactures footwear and apparel under a diverse portfolio of brands beyond their popular Wolverine boots. The consumer discretionary sector company has been shoring up its finances and trimming down inventory levels as they fell a sizeable 54.1% in its second quarter of 2024.

Wolverine World Wide Breaks Out – Will the 92% Rally Continue?

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its third quarter fiscal 2024 financial results on Thursday, November 7, 2024, at approximately 6:30 a.m. ET. Following the press release, the Company will host a conference call at 8:30 a.m. ET to review results and discuss current business trends. Investors and analysts interested in joining the call are invited to dial 1-800-579-2543 (international callers, please dial 1-785-424.

Wolverine Worldwide Announces Third Quarter Fiscal 2024 Conference Call for November 7, 2024

WWW's effective marketing and innovative launches boost brand loyalty, whereas debt reduction strengthens its balance sheet.

WWW Stock Looks Attractive With P/E Multiple of 13.64X: How to Play?

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Rising costs from commodity inflation and ongoing reinvestments impact the Shoes & Retail Apparel industry. Companies like ADDYY, BIRK, SHOO, CRI and WWW are expected to benefit from product innovation, strong consumer demand and digital investments.

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WWW's proactive debt reduction and growth potential make it an attractive option for investors despite ongoing challenges in consumer demand.

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