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 third quarter fiscal 2023 financial results on Thursday, November 9, 2023, 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, please dial 1-201-689.

Wolverine Worldwide Announces Third Quarter Fiscal 2023 Conference Call for November 9, 2023

V.F.

The weather is getting notably cooler as this winter is expected to be more frigid, frosty and slushy than years past, according to the Farmer's Almanac forecast. Outdoor apparel and footwear are two segments of retail that may get a boost this year as a result of the chillier weather to come.

2 Outdoor Lifestyle Retailers to Warm Up To

The program features a groundbreaking initiative within the NIL space through its revenue sharing model through U of M's Champions Circle ROCKFORD, Mich. , Oct. 19, 2023 /PRNewswire/ -- Wolverine Boots, the 140-year-old boot maker, is launching two University of Michigan branded boots which will be sold exclusively at The M Den; the University's official athletic merchandise retailer.

Wolverine Boots Launches First of Its Kind University of Michigan Boot Collection Benefitting Student Athletes

The heritage brand is giving consumers the chance to purchase their iconic 1000 Mile Boot for only a buck forty ROCKFORD, Mich. , Oct. 3, 2023 /PRNewswire/ -- Wolverine Boots is celebrating 140 years of leading the work boot industry with unrivaled craftsmanship, comfort, and durability.

Wolverine Boots Celebrates 140 Years by Selling 140 Pairs for $1.40

Wolverine (WWW) highlighted that the background is challenging, mainly in the global wholesale channels.

Wolverine (WWW) Stock Plunges 40.6% in 3 Months: Here's Why

The public service announcement uses a public experiment to shed light on the impact of mentors on youth ROCKFORD, Mich. , Sept. 19, 2023 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, today released a public service announcement in partnership with Big Brothers Big Sisters of America (BBBSA) to address the critical need for mentorship and inspire volunteer sign-ups nationwide.

MERRELL, BIG BROTHERS BIG SISTERS OF AMERICA PSA ADDRESSES NEED FOR MENTORSHIP

The outdoor footwear brand also announced a Jeep Wrangler giveaway to kick off the collaboration ROCKFORD, Mich. , Sept. 12, 2023 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, and the Jeep® brand announced they will launch the " Merrell Moab 3 Mid x Jeep" – a hiking boot built on the legendary heritage of the two icons.

MERRELL® AND JEEP® BRAND RELEASE SPECIAL EDITION HIKING BOOT, COLLABORATION TO PREVIEW AT NAIAS

Wolverine (WWW) announces strategic moves for brand portfolio transformation. It has completed the sale of the U.S. Wolverine Leathers business.

Wolverine (WWW) Unveils Moves for Portfolio Transformation

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced additional steps in the ongoing transformation of its brand portfolio, including the sale of the Hush Puppies intellectual property in China, Hong Kong, and Macau, and the sale of the U.S. Wolverine Leathers business. “These transactions are the latest actions in our ongoing effort to reshape our portfolio and target our most meaningful opportunities,” said Mike Stornant, Executive Vice President and Chief.

Wolverine Worldwide Continues Brand Portfolio Transformation

Made partially with leftover production material, the Scrap line helps reduce textile waste in an effort to minimize environmental impact on the outdoors ROCKFORD, Mich. , Aug. 28, 2023 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, today announces the launch of Scrap, a limited run footwear collection built partially using excess materials from the production line.

MERRELL UNVEILS LIMITED-EDITION SHOE COLLECTION MADE WITH SCRAP MATERIAL FOR ZERO WASTE WEEK

Wolverine (WWW) delivered lower-than-expected earnings results in second-quarter 2023. Also, the top line fell year over year owing to weak results across the segments.

Wolverine's (WWW) Q2 Earnings & Revenues Down Y/Y

Wolverine World Wide, Inc. (NYSE:WWW ) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET Company Participants Alex Wiseman - Vice President of Finance Tom Long - Chairman of the Board Chris Hufnagel - President and Chief Executive Officer Mike Stornant - Executive Vice President and Chief Financial Officer Conference Call Participants Jonathan Komp - Robert W. Baird Jim Duffy - Stifel Nicolaus Sam Poser - Williams Trading Mauricio Serna - UBS Mitch Kummetz - Seaport Global Securities Abbie Zvejnieks - Piper Sandler Operator Greetings.

Wolverine World Wide, Inc. (WWW) Q2 2023 Earnings Call Transcript

Sales trends took a surprising turn lower this past quarter. The company announced an immediate change at the CEO spot.

Why Wolverine World Wide Stock Slumped on Thursday

While the top- and bottom-line numbers for Wolverine (WWW) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Wolverine (WWW) Reports Q2 Earnings: What Key Metrics Have to Say

Wolverine World Wide (WWW) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.66 per share a year ago.

Wolverine World Wide (WWW) Q2 Earnings Lag Estimates

Wolverine World Wide Inc. WWW, -2.16% stock was down 30.5% in premarket trades on Thursday after the shoe and sneaker maker cut its adjusted 2023 profit forecast to 45 cents to 55 cents a share, well below the FactSet consensus of $1.42 a share. The company's outlook includes about 11 cents a share negative impact from foreign currency exchange rate fluctuations.

Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the second quarter ended July 1, 2023. The Company also announced that Chris Hufnagel was promoted to President and Chief Executive Officer in a separate release today. “I would like to express my appreciation to our Chairman, Tom Long and the entire Board of Directors for their confidence in me. I'm truly honored to be the Company's next CEO," said Chris Hufnagel, President and Chief E.

Wolverine Worldwide Reports Second Quarter Results, Updates Full-Year 2023 Outlook and Announces CEO Transition

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that its Board of Directors has appointed Christopher E. Hufnagel, President of Wolverine, as President, Chief Executive Officer, and a member of the Board of Directors, effective immediately. Mr. Hufnagel succeeds Brendan L. Hoffman, who is no longer with the Company. Mr. Hufnagel joined Wolverine Worldwide in 2008 and has served in leadership roles across the organization. Before his appointment as Presid.

Wolverine Worldwide Appoints Christopher E. Hufnagel as President and Chief Executive Officer

Wolverine's (WWW) second-quarter 2023 earnings results are likely to reflect higher costs. Also, a tough macro backdrop is expected to act as a deterrent.

Wolverine (WWW) to Report Q2 Earnings: What's in the Offing?

Blake Corum among 13 athletes to be featured in Wolverine's "Maize and Blue Collar Campaign" ROCKFORD, Mich. , Aug. 1, 2023 /PRNewswire/ --  Wolverine , the 140-year-old work boot and clothing company, has announced a name, image and likeness (NIL) agreement with 13 University of Michigan football players.

Wolverine Boots Inks NIL Deal with University of Michigan Football Players

Runners can enter for a chance to compete in the brand's Fastest Known Time challenge to become a sponsored brand athlete ROCKFORD, Mich. , July 27, 2023 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, announced a contest for trail runners to win a chance to race for a spot on its elite, international athlete roster as part of its Get Fastest Known Time (FKT) challenge.

MERRELL® PUTS ULTIMATE TRAIL RACE DAY SHOE TO THE TEST WITH ATHLETE SEARCH, CHALLENGING RUNNERS TO BECOME THE BRAND'S NEXT SIGNED TRAIL RUNNER

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its second quarter fiscal 2023 financial results on Thursday, August 10, 2023, 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, please dial 1-201-689.

Wolverine Worldwide Announces Second Quarter Fiscal 2023 Conference Call for August 10, 2023

Wolverine (WWW) is focused on strengthening its direct-to-consumer business. The company also reinforces its presence across international markets.

Wolverine (WWW) Rides High on Growth Strategies: Apt to Hold

The NewStore mobile point-of-sale now powers retail operations for the UK-based women's activewear and lifestyle brand BOSTON , July 19, 2023 /PRNewswire/ -- NewStore , a modular, mobile-first omnichannel cloud platform for retail brands worldwide, today announced Sweaty Betty  has rolled out its mobile point-of-sale  (mPOS) in 73 stores across the UK & Ireland. By replacing its legacy POS with NewStore, the London-based brand now runs its retail operations entirely on iPhone, laying the groundwork for the company's omnichannel transformation.

Sweaty Betty Transforms Retail Experience with NewStore Mobile-First Omnichannel Platform

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW), which operates one of the world's largest portfolios of lifestyle and footwear brands, announced today that it has entered into a fourth amendment (the “Amendment”) of its existing Credit Agreement dated as of July 31, 2012 (the “Credit Agreement”). The Amendment provides the Company with near-term financial and operational flexibility by adjusting the maximum consolidated leverage ratio under the Credit Agreement from 4.

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