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Wolverine World - WWW STOCK NEWS

Welcome to our dedicated page for Wolverine World news (Ticker: WWW), a resource for investors and traders seeking the latest updates and insights on Wolverine World stock.

Introduction

Wolverine World Wide, Inc. (NYSE: WWW) is a storied and diversified marketer and licensor of branded footwear, apparel, and accessories with a rich history dating back to 1883. With a commitment to quality craftsmanship and innovative design, the company serves a wide spectrum of customers by delivering product excellence in casual, active lifestyle, work, outdoor sport, athletic, children's, and uniform segments. Featuring industry-specific keywords such as footwear innovation, apparel design, and global distribution, Wolverine World Wide stands as a beacon in the competitive landscape of branded lifestyle products.

Heritage and Brand Evolution

Founded on the belief in the possibility of opportunity, Wolverine World Wide has evolved over the past 130+ years, staying true to its American roots while expanding its global footprint. The company’s longstanding heritage is reflected in its diverse portfolio of iconic brands such as Merrell®, Saucony®, Sperry®, Hush Puppies®, Wolverine®, Keds®, Stride Rite®, Chaco®, Bates®, and Hytest®. These brands are renowned for their dedication to comfort, durability, and design innovation, catering to various market segments from rugged outdoor adventures to everyday casual wear. Over the decades, Wolverine World Wide has successfully blended traditional craftsmanship with modern technology, ensuring that each product celebrates a legacy of quality and function.

Diversified Business Model

Wolverine World Wide's business model is multifaceted and robust, organized into several key segments:

  • Active Group: This segment encompasses performance-driven brands such as Merrell and Saucony, which focus on outdoor, athletic, and running footwear and apparel. These products often integrate technological innovations for cushioning, support, and durability, appealing to both athletic enthusiasts and everyday adventurers.
  • Work Group: Focused on footwear and apparel designed for durability and safety, this segment caters to professionals in labor-intensive industries, emphasizing rugged construction and performance under challenging conditions.
  • Corporate and Other: This segment includes various corporate operations that support the overall business strategy, ranging from marketing initiatives to global distribution partnerships that ensure Wolverine's products reach more than 170 countries and territories worldwide.

Revenue generation is largely fueled by the Active Group segment, underscoring the market’s demand for performance and style that meets the evolving needs of consumers in dynamic environments.

Innovative Product Design and Technology

The company continually invests in research and development to integrate innovative design elements and advanced technologies into its product lines. For instance, key innovations in cushioning systems and ergonomic designs have enabled brands like Saucony and Merrell to create footwear that not only performs under strenuous conditions but also provides exceptional comfort for everyday use. These advancements highlight the company’s commitment to harnessing the latest industry trends and technological breakthroughs, ensuring each product reflects superior engineering and design excellence.

Global Licensing and Partnerships

Beyond its core operations, Wolverine World Wide has built strategic partnerships through global licensing arrangements. As the exclusive global licensee for renowned brands such as CAT® and Harley-Davidson®, the company leverages these collaborations to diversify its product offerings and expand its market share in the competitive footwear and apparel industry. These partnerships not only enrich its brand portfolio but also demonstrate its capability to maintain strong, mutually beneficial relationships with key brand names recognized worldwide for their heritage and quality.

Market Position and Competitive Landscape

Wolverine World Wide holds a prominent position in the marketplace by combining a rich heritage with modern business practices that appeal to both traditional and contemporary consumers. Its broad range of offerings, from rugged work boots to performance running shoes, allows it to cater to various consumer profiles. The company’s ability to innovate while staying rooted in its historical values distinguishes it from competitors. Important industry-specific aspects such as design excellence, operational efficiency, and global brand recognition are central to how Wolverine World Wide differentiates itself in an increasingly consolidated market.

Commitment to Craftsmanship and Quality

The legacy of Wolverine is deeply intertwined with the spirit of American craftsmanship. With product lines that have been refined over generations, such as the iconic Wolverine 1000 Mile boot, the company continues to honor its heritage by emphasizing durability, premium materials, and meticulous production standards. Its various collaborations, including those with traditional distilleries and innovators in other sectors, underscore a relentless pursuit of quality and the celebration of heritage craftsmanship that resonates with consumers who value authenticity and longevity in their purchases.

Corporate Strategy and Operational Excellence

Operational excellence is a hallmark of Wolverine World Wide’s corporate strategy. The company has optimized its supply chain, integrated state-of-the-art manufacturing processes, and cultivated a global distribution network that sustains its market reach. A clear focus on operational efficiency, combined with strategic marketing and licensing, has enabled the company to navigate competitive pressures and maintain a stable position in the market. It frequently revisits its strategies to align with emerging consumer trends without compromising on the core values that have defined its legacy for over a century.

Community Engagement and Industry Impact

Wolverine World Wide extends its influence beyond commercial success by engaging in initiatives that support workforce development and community enrichment. Through programs like Project Bootstrap, the company has demonstrated a commitment to nurturing skilled trades and supporting the communities that have long been the backbone of its success. These efforts reinforce its role not just as a market player, but as a responsible corporate entity deeply invested in the broader economic and social fabric.

Conclusion

In summary, Wolverine World Wide, Inc. exemplifies a balanced blend of tradition and innovation. Its diverse portfolio of respected brands, strategic approach to market segmentation, and unwavering commitment to quality and craftsmanship have secured its standing as a pivotal entity in the global footwear and apparel industry. Whether addressing the needs of active consumers who demand performance or professionals requiring durable work solutions, the company continues to empower, engage, and inspire consumers around the globe through products that are built to last and designed with purpose.

Key Takeaways

  • Over 130 years of rich history and continuous innovation.
  • Diverse portfolio covering casual, athletic, work, and lifestyle segments.
  • Strong global presence with products available in approximately 170 countries.
  • Strategic licensing partnerships that enhance market flexibility.
  • Commitment to enduring quality, technological advancement, and heritage craftsmanship.
Rhea-AI Summary

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.

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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.

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Wolverine World Wide, Inc. (NYSE: WWW) has declared a quarterly cash dividend of $0.10 per share, payable on February 1, 2022, to stockholders on record as of January 3, 2022. This dividend matches the previous quarter's dividend, indicating a steady annual payout of $0.40 per share. Established in 1883, Wolverine Worldwide is a leading marketer of a variety of footwear and apparel brands, operating globally across approximately 170 countries.

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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.

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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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Last week at the Zollverein Coal Mine in Essen, Germany, Saucony athletes participated in a unique 10-kilometer race showcasing the Endorphin Pro+, their latest carbon-plated running shoe. The event proved successful, with several athletes breaking records, including Otto Kingstedt, who set a new world record for deaf or hard-of-hearing athletes at 29:56. The Endorphin Pro+ features advanced technologies such as SPEEDROLL™ and PWRRUN PB™, aimed at enhancing performance. The shoe is now available for purchase at a retail price of $250.

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Wolverine and Old Rip Van Winkle Distillery have launched a new limited-edition boot, the Wolverine x Old Rip Van Winkle 1000 Mile boot, now available for pre-order. This collaboration, resulting from a successful first batch, donates 100% of revenue to the mikeroweWORKS Foundation to support skilled trades education. The boots, priced at $400, feature unique Horween Whiskey Predator leather and handcrafted components from bourbon barrels. They honor American craftsmanship and the skilled workers behind these products, with a release date set for October 14, 2021.

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Merrell has partnered with Big Brothers Big Sisters of America and Canada to launch the Shared Steps Challenge, encouraging outdoor activities. For every mile tracked in September, Merrell will donate $1 to BBBS, up to $40,000, to support local chapters. Participants can register through Merrell's website and participate in various activities. This initiative aligns with Merrell's commitment to promoting outdoor accessibility and mentoring for youth. The campaign also supports the expansion of Merrell's Moab hiking boot line, which has been popular since 2007.

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Wolverine World Wide, Inc. (NYSE: WWW) has successfully raised $550 million through the issuance of 4.000% Senior Notes due 2029. The proceeds were utilized to redeem all outstanding 5.000% Senior Notes due 2026 and 6.375% Senior Notes due 2025, which will save the company approximately $9.5 million in annual interest expenses. CFO Mike Stornant highlighted that the firm's strong cash flow and positive future outlook enabled this advantageous refinancing. The company is now well-positioned to continue investing in its growing performance brands, including Merrell and Saucony.

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FAQ

What is the current stock price of Wolverine World (WWW)?

The current stock price of Wolverine World (WWW) is $11.78 as of April 4, 2025.

What is the market cap of Wolverine World (WWW)?

The market cap of Wolverine World (WWW) is approximately 854.5M.

What is the core business of Wolverine World Wide?

Wolverine World Wide designs, manufactures, markets, licenses, and distributes branded footwear and apparel across various segments, including casual, athletic, work, and outdoor categories.

Which key brands are associated with Wolverine World Wide?

The company’s portfolio includes iconic brands such as Merrell, Saucony, Sperry, Hush Puppies, Wolverine, Keds, Stride Rite, Chaco, Bates, and Hytest, among others. It also holds global licensing rights for brands like CAT and Harley-Davidson.

How does Wolverine World Wide generate its revenue?

The company generates revenue through a diversified model that includes direct product sales, licensing agreements, and a varied portfolio across distinct consumer segments such as active and work footwear, ensuring a stable market position.

What markets does Wolverine World Wide serve?

Wolverine World Wide operates globally, with its products available through leading retailers in approximately 170 countries and territories, catering to consumers ranging from outdoor enthusiasts to professionals.

How does the company maintain its competitive advantage?

Its competitive advantage is built on a blend of longstanding heritage, innovative design, advanced manufacturing techniques, strategic licensing partnerships, and a diverse product portfolio that meets varied consumer needs.

What role does technology play in its product development?

Wolverine World Wide integrates state-of-the-art technology and design innovations into its products, ensuring enhanced performance, durability, and comfort across its footwear and apparel lines.

How does Wolverine World Wide support its communities?

The company invests in community initiatives like Project Bootstrap, supporting workforce development and providing contributions to organizations that help sustain and enrich the skilled trades industry.

How is Wolverine World Wide positioned within the global market?

Through its diversified segments, robust operational strategies, and a global network of licensed and owned brands, Wolverine World Wide holds a prominent position in the footwear and apparel industry, appealing to a wide range of demographics and markets.
Wolverine World

NYSE:WWW

WWW Rankings

WWW Stock Data

854.51M
79.53M
1.77%
103.03%
10.01%
Footwear & Accessories
Footwear, (no Rubber)
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United States
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