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 Q1 2021

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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) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Wolverine World Wide (WWW) Expected to Beat Earnings Estimates: Should You Buy?

The announcement marks the brand's first-time use of Indigenous artwork across a collection of footwear, apparel, and accessories ROCKFORD, Mich. , Feb. 9, 2023 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, announced a collaboration with artist Jordan Ann Craig.

MERRELL® LAUNCHES COLLABORATION WITH PAINTER JORDAN ANN CRAIG

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 sold the Keds brand to Designer Brands, Inc. (“DBI”), the parent company of footwear retailer DSW.

Wolverine Worldwide Sells Keds Brand to Designer Brands, Inc.

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its fourth quarter and full year fiscal 2022 financial results on Wednesday, February 22, 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.

Wolverine Worldwide Announces Fourth Quarter and Full Year Fiscal 2022 Conference Call for February 22, 2023

The insiders and institutions are buying Wolverine Worldwide and have the market at a bottom, a good Q4 report could be the trigger for reversal.

Insiders And Institutions Buy Wolverine Worldwide

For the second time, the leading hike brand is partnering with the inclusive online community to create a collection just as diverse as those who wear it ROCKFORD, Mich. , Jan. 26, 2023 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, has released its second collection in collaboration with Jenny Bruso and Unlikely Hikers – designed in a playful, ungendered colorway and size-inclusive in wide widths and hard-to-find sizes.

MERRELL® CREATES SIZE-INCLUSIVE COLLECTION WITH UNLIKELY HIKERS, INVITING ALL OUTDOORS

ROCKFORD, Mich.--( BUSINESS WIRE )--Wolverine World Wide, Inc. (NYSE: WWW) today updated its outlook for fiscal 2022 revenue, earnings, inventory and net debt in advance of its fireside chat at the 2023 ICR Conference on January 10, 2023.

Wolverine Worldwide to Attend ICR Conference

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Retail industry sales leader will help drive the brand's US wholesale business ROCKFORD, Mich. , Jan. 5, 2023 /PRNewswire/ -- Merrell ®, the leading outdoor performance and lifestyle brand, announced the appointment of Jessica Adler as the brand's Vice President of US Sales.

MERRELL APPOINTS JESSICA ADLER AS VICE PRESIDENT OF US SALES

Wolverine (WWW) reported earnings 30 days ago. What's next for the stock?

Why Is Wolverine (WWW) Down 14.2% Since Last Earnings Report?

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The stock price has dropped significantly despite substantially strong operating performance. High inventory levels might affect the business in the short run, but the long-term prospects seem attractive.

Wolverine World Wide: Undervalued Despite Strong Performance

Wolverine World Wide Inc. WWW, -1.55% said Thursday it has initiated an undisclosed number of job cuts in an effort expected to generate $30 million of cost savings in 2023. The footwear maker also said it will either sell or license its Keds and Wolverine Leathers businesses.

Wolverine Worldwide reducing workforce as part of cost saving efforts

ROCKFORD, Mich.--( BUSINESS WIRE )--Wolverine World Wide, Inc. (NYSE: WWW) today announced planned changes to its portfolio. The Company has started a formal process to divest or license the Keds brand and Wolverine Leathers business, both of which are low-profit contributors. This move builds upon the Company's strategy to reduce complexity and prioritize growth brands in an effort to increase long-term shareholder value.

Wolverine Worldwide Announces Initiatives to Further Drive Shareholder Value

Report on perceptions and experiences in the outdoors reveals tale of two outdoors ROCKFORD, Mich. , Nov. 17, 2022 /PRNewswire/ -- In honor of National Take a Hike Day (November 17), Merrell®, the world's leading outdoor lifestyle and footwear brand and a part of Wolverine World Wide, Inc. (NYSE:WWW), published a first-of-its-kind "Inclusivity in the Outdoors" report, an examination of perceived inclusivity and experiences in outdoor spaces around the globe with a focus on Canada, the US, and the UK.

MERRELL CELEBRATES NATIONAL TAKE A HIKE DAY WITH RELEASE OF INDUSTRY FIRST GLOBAL DIVERSITY IN THE OUTDOORS STUDY

ROCKFORD, Mich. , Nov. 15, 2022 /PRNewswire/ -- Wolverine, the 139-year-old boot and clothing company, has launched their holiday campaign, "Make Christmas Merry", to honor those working hard to deliver a wonderful holiday season.

Wolverine Launches "Make Christmas Merry" Campaign to Celebrate the Unsung Heroes of the Holiday Season

Wolverine's (WWW) third-quarter 2022 earnings results reflect weak margins. Also, most of the brands' revenues fall on a year-over-year basis.

Wolverine (WWW) Q3 Earnings Miss Estimates, Revenues Rise Y/Y

The brand's in-house product incubator created the trail running shoe to disrupt the category and shake up the way people think about outdoor performance ROCKFORD, Mich. , Nov. 10, 2022 /PRNewswire/ -- TIME Magazine has selected the world's leading hike and outdoor footwear brand Merrell®'s Long Sky 2 as one of its Best Inventions of 2022.

MERRELL® TEST LAB LONG SKY 2 NAMED TIME MAGAZINE BEST INVENTION OF 2022

Wolverine World Wide, Inc. (NYSE:WWW ) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Alex Wiseman - Vice President-Finance Brendan Hoffman - President and Chief Executive Officer Mike Stornant - Executive Vice President and Chief Financial Officer Conference Call Participants Jim Duffy - Stifel Abbie Zvejnieks - Piper Sandler Jonathan Komp - Baird Mitch Kummetz - Seaport Global Jay Sole - UBS Sam Poser - William's Trading Operator Greetings and welcome to the Wolverine World Wide Third Quarter 2022 Earnings Call. At this time all participants are in a listen-only mode.

Wolverine World Wide, Inc. (WWW) Q3 2022 Earnings Call Transcript

Sales trends were surprisingly weak this past quarter.

Why Wolverine World Wide Stock Was Down Over 20% on Wednesday

Wolverine (WWW) delivered earnings and revenue surprises of -15.79% and 3.29%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Wolverine World Wide Stock (WWW)