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 (NYSE:WWW) has reported accelerated performance in Q2 2021, driven by strong sales from its major brands, including Merrell, Saucony, and Sperry. CEO Blake W. Krueger noted that the company expects Q2 revenue to surpass 2019 levels and reaffirmed its full-year revenue outlook of $2.24 to $2.3 billion, contingent on stable market conditions amidst COVID-19. The company's global portfolio encompasses various footwear brands, positioning it well for recovery and growth.
Wolverine World Wide (NYSE:WWW) announced key leadership appointments aimed at driving international growth. Isabel Soriano has been appointed President of International, overseeing all international operations after her success leading EMEA. Katherine Cousins joins as Global Brand President of Sperry, focusing on accelerating global omni-channel growth. Soriano, with a background in brands like Vans and Timberland, aims to leverage her experience for broader market expansion. Cousins, a seasoned executive from VF Corporation, will enhance Sperry's success in digital and retail.
Wolverine World Wide reported strong Q1 2021 results, with revenue of $510.7 million, a 16.3% increase year-over-year. Key brands Merrell and Saucony saw revenue growth of nearly 25% and 60%, respectively, driven by an accelerated digital strategy and consumer demand. ECommerce grew 84%, while gross margin expanded to 43.5%. The company raised its full-year revenue forecast to $2.24 to $2.30 billion, projecting 25% to 28% growth. Reported EPS were $0.45, up from $0.16 the previous year. Despite industry supply chain issues, cash flow improved significantly, and total debt decreased by over $505 million.
Wolverine World Wide (NYSE: WWW) has declared a quarterly cash dividend of $0.10 per share, payable on August 2, 2021, to shareholders on record as of July 1, 2021. This dividend matches the previous quarterly amount, indicating an annual dividend of $0.40 per share. Founded in 1883, Wolverine is a leading marketer of branded footwear and apparel, with a portfolio that includes well-known brands such as Merrell, Sperry, and Hush Puppies.
Wolverine World Wide (NYSE: WWW) will announce its first quarter 2021 financial results on May 12, 2021, at approximately 6:30 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss the results and current business trends, which will be accessible via the Company's website. Wolverine Worldwide, a leading marketer and licensor of branded footwear and apparel, has a diverse portfolio that includes various recognized brands such as Merrell® and Sperry®. The Company operates globally in approximately 170 countries.
Hush Puppies is launching its new jelly sandal, the Brite Jell, in collaboration with Loud Lacquer as part of the Newtro trend. The collection features vibrant sandals with a squishy soft material, equipped with Hush Puppies' Bounce® footbed technology for comfort. Accompanying the sandals are four new non-toxic, vegan nail polish shades called Brite Shades. Each sandal comes in two styles and multiple colors, retailing at $69.95. This collaboration aims to attract new consumers while celebrating bold self-expression.
Wolverine World Wide (NYSE:WWW) has announced the appointment of Kathleen Wilson-Thompson to its Board of Directors, effective May 5, 2021. With extensive experience in global retail, including roles at Tesla and Walgreens Boots Alliance, Wilson-Thompson is expected to bolster Wolverine's Global Growth Agenda. Her leadership background will be instrumental in navigating complex environments and capitalizing on strategic opportunities in the footwear and apparel sector. This appointment enhances the board's expertise as Wolverine aims to expand its market presence.
Merrell has launched two new products, the Moab Speed hiking shoe and Moab Flight trail running shoe, expanding its popular hiking boot franchise. These shoes cater to outdoor enthusiasts seeking stylish, athletic footwear. Key features include lightweight design, improved traction from Vibram's Traction Lug technology, and eco-friendly materials. The Moab series has served over 20 million consumers since 2007. Merrell aims to inspire new hikers with its Step Further campaign while celebrating its 40th anniversary in 2021.
Hush Puppies has launched its innovative Rain Sneaker collection, merging style with functionality as demand for rain footwear rises. Google searches for "rain boot" jumped 41% in the US in 2021. The collection features a unique blend of rubber and sneaker design, ensuring comfort and versatility. Available in five colorways, pricing starts at $79.95. The Rain Sneakers leverage Hush Puppies' proprietary Bounce™ footbed technology for comfort and energy rebound. Consumers can purchase online via HushPuppies.com, Amazon, and Zappos.
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