Welcome to our dedicated page for Wolverine World Wide news (Ticker: WWW), a resource for investors and traders seeking the latest updates and insights on Wolverine World Wide stock.
Wolverine World Wide, Inc. (NYSE: WWW), established in 1883, is a leading global marketer and licensor of branded casual, active lifestyle, work, outdoor sport, athletic, children's, and uniform footwear and apparel. The company is headquartered in Rockford, Michigan, and distributes its products in over 170 countries and territories. Wolverine World Wide’s portfolio boasts renowned brands such as Merrell, Sperry, Hush Puppies, Saucony, Wolverine, Keds, Stride Rite, Chaco, Bates, and Hytest. Additionally, the company is the global footwear licensee for the popular Cat and Harley-Davidson brands.
The company is engaged in designing, manufacturing, sourcing, marketing, licensing, and distributing branded footwear, apparel, and accessories through its diverse business segments: Active Group, Work Group, Lifestyle Group, and Other. The Active Group segment, which includes the Merrell, Saucony, Sweaty Betty, and Chaco brands, generates the maximum revenue.
Recent achievements include the launch of the Marathumb Challenge by Saucony to encourage physical activity over smartphone usage. Saucony, one of Wolverine World Wide’s key brands, introduced the Ride 17 and Guide 17 sneakers, bringing innovations like PWRRUN+ midsole and CenterPath Technology™ to enhance the running experience. The Marathumb Challenge measures the distance users scroll on their phones and compares it to their physical steps, motivating users to move more and scroll less.
Wolverine World Wide has partnered with the American Camp Association (ACA) to promote camp employment through the “Work at Camp” event, aimed at college and university students. This initiative highlights the benefits of working at camps, fostering leadership, time management, and communication skills.
Financially, Wolverine World Wide has maintained a strong market presence with consistent revenue streams from its diverse brand portfolio. The company’s strategy focuses on innovation, expanding its market reach, and building strong consumer relationships. Wolverine World Wide continues to inspire and engage its consumers through high-quality, performance-driven products designed for various activities and lifestyles.
Wolverine World Wide, Inc. (NYSE: WWW) will release its second quarter fiscal 2022 financial results on August 10, 2022, at 6:30 a.m. ET. The company will host a conference call at 8:30 a.m. ET for investors and analysts to discuss the results and current business trends. Interested participants can join by calling 1-877-407-4018 for domestic or 1-201-689-8471 for international inquiries. A recorded replay will be accessible until September 10, 2022.
Merrell, a leader in outdoor footwear, launched its new elite trail-running shoe collection, the MTL Long Sky 2 and MTL MQM, engineered for performance in unpredictable conditions. Developed at the Merrell Test Lab, these shoes promise agility and protection on rough trails. The MTL Long Sky 2 boasts a unique system expelling 30% more water, enhancing performance. The MTL MQM is designed for durability across varied terrains. Accompanying this launch is the integrated marketing campaign 'Same is Boring,' aimed at inspiring runners to embrace the trails.
Wolverine World Wide, Inc. (NYSE: WWW) announced the sale of the Champion trademarks for footwear in the U.S. and Canada to HanesBrands Inc. for $90 million. This deal allows Wolverine to maintain a perpetual license for the Keds Champion sneaker, facilitating business model simplification and securing significant cash flow. The transaction also resolves ongoing litigation between the companies.
Brendan Hoffman, CEO, highlighted the cash received is at a meaningful multiple of future expected royalty streams.
On June 9, 2022, Wolverine World Wide (NYSE: WWW) executives Michael Stornant and Alex Wiseman will engage in a fireside chat at the Stifel Cross Sector Insight Conference in Boston, MA, starting at 8:35 am ET. The event will include a live audio webcast, with a replay available for 90 days on the company's Investor Relations page. Founded in 1883, Wolverine is a leading marketer of branded footwear and apparel, featuring well-known brands such as Merrell, Saucony, and Sperry.
Wolverine World Wide, Inc. (NYSE: WWW) announced that its Executive Vice President & Chief Financial Officer, Michael Stornant, will participate in a fireside chat at the 2022 Baird Global Consumer, Technology and Services Conference in New York City on June 7, 2022, starting at 3:10 PM Eastern Time. The event will be available via live audio webcast, with a replay accessible for 90 days on the company’s Investor Relations website.
Founded in 1883, Wolverine is a leading marketer of branded footwear and apparel.
Merrell has launched a 'Walk & Talk' hotline to encourage outdoor activity during Great Outdoors Month in June. The hotline allows consumers to connect with live outdoor representatives by dialing (844) WALKTLK from Monday to Friday, 11 AM to 7 PM EDT. The initiative aims to make the outdoors more accessible and enjoyable, especially for those who may not be aware of the mental and physical benefits of walking. Participants will receive a 15% discount on their next purchase. Merrell is dedicated to fostering a welcoming outdoor environment for everyone.
Wolverine World Wide reported Q1 2022 revenue of $614.8 million, reflecting a 20% year-over-year growth. The company faced gross margin pressure at 42.5%, down 100 basis points, primarily due to supply chain costs. While direct-to-consumer revenue increased 24% including recently acquired Sweaty Betty, it dropped 14% without it. The company anticipates full-year revenue between $2.775 billion and $2.850 billion, projecting growth of 15% to 18%. Adjusted EPS is expected between $2.50 to $2.65, up 19.4% to 26.5%.
Wolverine World Wide, Inc. (NYSE: WWW) has declared a quarterly cash dividend of $0.10 per share, payable on August 1, 2022, to stockholders on record as of July 1, 2022. This dividend remains consistent with the last quarter, indicating an annual dividend of $0.40 per share. Wolverine is recognized for its diverse portfolio of branded footwear and apparel, operating in around 170 countries globally. The company's commitment to returning value to shareholders is evident with this stable dividend declaration.
Wolverine World Wide, Inc. (NYSE: WWW) will announce its first quarter fiscal 2022 financial results on May 11, 2022, at 6:30 a.m. ET. A conference call to discuss the results will take place at 8:30 a.m. ET. Interested parties can join by calling 1-877-300-8521 (or 1-412-317-6026 for international callers) five minutes before the call. The call will also be available for replay until June 11, 2022. Wolverine Worldwide, based in Rockford, Michigan, is a leading marketer of branded footwear and apparel.
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