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.

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.

Wolverine (WWW) to Report Q3 Earnings: What's in the Offing?

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.

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