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.
Wolverine World Wide, Inc. (NYSE: WWW), a global leader in footwear and apparel with iconic brands like Merrell and Saucony, provides this dedicated news hub for investors and stakeholders. Track official press releases, earnings reports, and strategic developments from the company behind innovative workwear, performance footwear, and lifestyle products.
This resource offers timely updates on material events including product launches, partnership announcements, leadership changes, and financial results. Investors gain insights into WWW's operational strategies across its Active, Work, and Licensed brand segments while monitoring its global market position.
All content is sourced directly from Wolverine World Wide's corporate communications, ensuring accuracy and compliance. Bookmark this page for streamlined access to critical updates impacting the company's performance in the competitive apparel and footwear industry.
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.
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.
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.
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.
