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.

Earnings data Q4 2020

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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.

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its fourth quarter and full year fiscal 2023 financial results on Wednesday, February 21, 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 1-877-407-4018 (international callers, plea.

Wolverine Worldwide Announces Fourth Quarter and Full Year Fiscal 2023 Conference Call for February 21, 2024

Introducing  CenterPath Technology, the redesigned Guide delivers a new era of max cushioning built with comfort-first protection ROCKFORD, Mich. , Feb. 1, 2024 /PRNewswire/ -- Saucony, a leading global performance running lifestyle brand, today announces the launch of the all-new Guide 17, a maximal cushioned trainer that offers an exceptional balance of comfort and protection.

Saucony® Launches All-New Guide 17

ROCKFORD, Mich. , Jan. 30, 2024 /PRNewswire/ -- Chaco , the trailblazing outdoor footwear brand, born on the river and renowned for its performance sandals, embarks on a year-long celebration of its 35th birthday, beginning with the launch of its new "Chaco for Life" campaign.

Celebrate Chaco's 35th Birthday with "Chaco for Life" Campaign, Special Releases, Teases Nationwide Tour

The average consumer scrolls three marathons a year on their phone – The Marathumb Challenge app is designed to pit scrolling against steps, encouraging physical activity ROCKFORD, Mich. , Jan. 17, 2024 /PRNewswire/ -- Saucony , a leading global performance running lifestyle brand, today announced the official launch of The Marathumb Challenge, a first-of-its-kind branded experience designed to help users outpace doom scrolling with physical steps.

Saucony Calls on Consumers to Move their Feet More than their Feed with the Launch of the Marathumb Challenge

Wolverine (WWW) remains on track with its strategic transformation. Proceeding on these lines, it concluded the sale of the Sperry brand to Authentic Brands Group, and the ALDO Group.

Wolverine (WWW) Sells Sperry, Strategic transformation on Track

The leading outdoor brand has strengthened its global trail team with four new athletes in 2024 ROCKFORD, Mich. , Jan. 11, 2024 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, announced it has signed ultra-runner Coree Woltering  as an athlete in 2024.

Merrell Continues to Grow Trail Category; Enlists Professional Runner Coree Woltering to Team

Brand management firm Authentic Brands Group bought Sperry, best known for its boat shoes and loafers, from Wolverine World Wide.

Wolverine World Wide sells Sperry to Authentic Brands Group in shoe retail deal

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) announced today that it has sold the Sperry brand to Authentic Brands Group, Inc., and the ALDO Group. The transaction closed on January 10, 2024, and will generate total proceeds of approximately $130 million in the first quarter to pay down debt, further strengthening the Company's balance sheet. “The sale of the Sperry brand is the next step in our turnaround and strategic transformation,” said Chris Hufnagel, Wolverine.

Wolverine Worldwide Sells Sperry

Wolverine (WWW) demonstrates solid progress in its 2023 financials and strategic transformation, setting a strong foundation for growth and profitability.

Wolverine (WWW) Announces Its Preliminary Results for 2023

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today, in advance of its presentation at the 2024 ICR Conference, provides an update on its preliminary, unaudited financial results for its fiscal year 2023, along with an update on its continuing transformation efforts. “We're executing the stabilization phase of our strategic transformation with tremendous pace, while redesigning Wolverine Worldwide for the future,” said Chris Hufnagel, President and Chief Executive Off.

Wolverine Worldwide Affirms Preliminary 2023 Financial Results in Line With Guidance

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) announced today that members of its management team will present, and participate in investor meetings, at the 2024 ICR Conference to be held on January 8 through January 10, 2024 at the Grand Lakes Orlando Resort. The presentation is scheduled for Monday, January 8, 2024 at 10:00 a.m. Eastern Time and will be hosted by Chris Hufnagel, President and Chief Executive Officer and Mike Stornant, Executive Vice President and Ch.

Wolverine Worldwide to Present at the 2024 ICR Conference

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) announced today that it has appointed Bishu Jayaram to serve in the newly-created role of Chief Supply Chain Officer. This position will be responsible for global sourcing, distribution, logistics, and integrated planning – a critical role in driving the Company's ongoing transformation into a consumer-obsessed growth company. Mr. Jayaram, a seasoned executive with over 20 years in supply chain and sourcing roles, has serv.

Wolverine Worldwide Appoints Bishu Jayaram as Chief Supply Chain Officer

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (“Wolverine Worldwide” or the “Company”) (NYSE: WWW) announced strategic actions that further focus the Company's portfolio and advance its ongoing transformation into a consumer-obsessed growth company. “We've taken fast, bold, and decisive actions to stabilize the Company today, while working to transform Wolverine Worldwide for the future," said Chris Hufnagel, President and Chief Executive Officer. “Our actions over the past four.

Wolverine Worldwide Advances Transformation Initiatives

Wolverine (WWW) has been progressing well with its strategic initiatives. The company also reinforces its presence in the international markets.

Wolverine's (WWW) Strategic Growth Efforts Appear Encouraging

ROCKFORD, Mich., Nov. 30, 2023 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, has announced the appointment of Pallav Tamaskar as Chief Marketing Officer (CMO), effective November 30, 2023.

Merrell Appoints Pallav Tamaskar as New Chief Marketing Officer

Effective January 1, 2024, all Wolverine socks will exclusively be made by Renfro Brands ROCKFORD, Mich., Nov. 21, 2023 /PRNewswire/ -- Wolverine Boots and Apparel, the 140-year-old boot maker, has made the strategic decision to license their sock business exclusively to Renfro Brands.

Wolverine Boots and Apparel Licenses Sock Business to Renfro Brands

Wolverine's (WWW) third-quarter 2023 results reflect a 23.7% decrease in total revenues, owing to lackluster performance from its business segments.

Wolverine (WWW) Q3 Earnings Match Estimates, Guidance Lowered

Wolverine World Wide Inc. (NYSE:WWW ) Q3 2023 Results Conference Call November 9, 2023 8:30 AM ET Company Participants Alex Wiseman - Vice President of Finance eCommerce Chris Hufnagel - CEO, President and Director Michael Stornant - Executive VP, CFO, Chief Accounting Officer & Treasurer Conference Call Participants Jim Duffy - Stifel Laurent Vasilescu - BNP Paribas Mitch Kummetz - Seaport Global Securities Abbie Zvejnieks - Piper Sandler Sam Poser - William Trading Mauricio Serna - UBS Operator Greetings, and welcome to the Wolverine World Wide Third Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

Wolverine World Wide Inc. (WWW) Q3 2023 Earnings Call Transcript

Although the revenue and EPS for Wolverine (WWW) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Wolverine (WWW) Q3 Earnings: A Look at Key Metrics

Wolverine World Wide (WWW) came out with quarterly earnings of $0.07 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.48 per share a year ago.

Wolverine World Wide (WWW) Matches Q3 Earnings Estimates

Wolverine World Wide Inc. WWW, -1.78% said Thursday it's accelerating a transformation plan that's expected to generate $215 million in annualized savings, including a global workforce restructuring. The company did not offer details of job cuts, but said it would consolidate its North American commercial structure to align Canadian operations with its U.S. ones.

Wolverine World Wide's stock tumbles 14% on news company to speed up transformation and cut jobs

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced actions to further its ongoing strategic transformation into a brand-led and consumer-obsessed growth company. “We are moving with speed and urgency to transform the Company, which will enable us to capitalize on our biggest growth opportunities,” said Chris Hufnagel, President and Chief Executive Officer. “We are taking decisive steps to stabilize the business by divesting non-core assets, paying down debt.

Wolverine Worldwide Accelerates Transformation Initiatives

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the third quarter ended September 30, 2023. “In the third quarter, we achieved several critical milestones as we took decisive action to stabilize and transform the Company, while delivering revenue and earnings in-line with our expectations,” said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. “We continued to reshape our portfolio, reduce our inventory,.

Wolverine Worldwide Reports Third Quarter Results In-Line With Expectations

Merrell calls for consumers to get outside with "Maximize the D" campaign ROCKFORD, Mich. , Nov. 8, 2023 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, is celebrating National Take a Hike Day, Nov. 17, by encouraging people to embrace the great outdoors, connect with nature, and prioritize their health by maximizing their vitamin D intake*.

Merrell Partners with PA-C to Prescribe Vitamin D, Getting Outside on National Take a Hike Day

Wolverine's (WWW) third-quarter 2023 earnings results are likely to reflect higher costs and increased promotions. Also, a tough macro backdrop acts as a deterrent.

News for Wolverine World Wide Stock (WWW)