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.
Merrell has appointed Sumi Scott as their new Chief Merchant Officer, effective March 21, 2022. With nearly 20 years of experience in retail merchandising and product development, Scott will lead the brand's global merchandising efforts and direct-to-consumer operations. Reporting to Chris Hufnagel, Merrell's global brand president, Scott aims to enhance the brand's growth strategies and transform its apparel and accessories sector. Her previous roles include leadership positions at The North Face and Canada Goose, where she drove significant product initiatives.
Wolverine World Wide reported a 34.8% revenue increase for fiscal 2021, reaching $2.415 billion, with a 24.7% fourth-quarter growth. Adjusted diluted earnings per share rose to $2.09, up from $0.93 year-over-year. The company expects fiscal 2022 revenue to grow 15%-18%, with adjusted EPS expected between $2.50 and $2.65. Despite challenges from COVID-19, Wolverine's acquisition of Sweaty Betty and robust eCommerce performance, with a 58.3% revenue increase, are contributing to a positive outlook.
Wolverine World Wide has announced a quarterly cash dividend of $0.10 per share of common stock, payable on May 5, 2022, to shareholders on record as of April 1, 2022. This dividend maintains the previous quarterly rate, indicating an annual dividend of $0.40 per share. Wolverine, a leading footwear and apparel marketer, operates internationally with a diverse portfolio of brands, including Merrell and Saucony, and has a presence in approximately 170 countries.
Wolverine World Wide, Inc. (NYSE: WWW) will announce its fourth quarter and full year 2021 financial results on February 23, 2022, at 6:30 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss the results and business trends. Investors can join the call by dialing 1-877-407-4018 or access it online via the company's Investor Relations page. A replay will be available until March 23, 2022.
Founded in 1883, Wolverine is a leader in branded footwear and apparel.
Wolverine has launched a collaboration with unCommon Construction to promote skilled trade careers among high school students. This initiative includes a special-edition boot collection as part of Project Bootstrap, which supports vocational education and apprenticeships. A survey shows a significant gap between students' interest in skilled trades and their knowledge of available paths, with 72% believing in alternative options to college but only 30% considering trade schools. The initiative aims to bridge this gap through educational campaigns and resources.
Wolverine World Wide reported a strong third-quarter performance, with revenue of $636.7 million, a 29.1% year-over-year increase. Despite supply chain disruptions, including $60 million in negative revenue impact, the company saw double-digit growth in various brands. eCommerce revenue surged by 45%, and gross margins improved to 43.2%. The company updated its 2021 revenue outlook to approximately $2.4 billion, reflecting nearly 35% growth. Adjusted diluted earnings per share are expected between $2.05 and $2.10. The addition of Sweaty Betty is anticipated to boost future growth.
Wolverine and Metallica's All Within My Hands Foundation have launched a new collaboration featuring a limited edition collection, with 50% of sales supporting the Metallica Scholars Initiative. The collection includes three types of boots priced between $150 and $400, along with a hoody, beanie, and graphic t-shirt. Since 2019, Wolverine has donated over $300,000 to this initiative, aimed at enhancing career and technical education in community colleges. The collection is available for pre-sale now and officially launches on Giving Tuesday, Nov. 30.
Wolverine World Wide, Inc. (NYSE: WWW) has declared a quarterly cash dividend of
Wolverine World Wide, Inc. (NYSE: WWW) announced the upcoming release of its third quarter 2021 financial results, scheduled for November 10, 2021, at 6:30 a.m. ET. Following the release, the company will conduct a conference call at 8:30 a.m. ET to discuss the results and current business trends, which will be available via live broadcast on their website. Wolverine, established in 1883, is a leading marketer of branded footwear and apparel, with a diverse portfolio of recognized brands distributed in approximately 170 countries.
Sweaty Betty launches its second collaboration with Halle Berry’s wellness brand, rē•spin, introducing The rē•spin Edit collection. This fall drop features 24 pieces designed for comfort and style, inspired by nature with a palette of greens, creams, and blacks. The collection includes popular items like Power Leggings and the new Super Soft fabric range. Prices range from $14 to $348, and sizes are available from XXS to XXL. The collection is available starting October 22 on sweatybetty.com and select retail partners.
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