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 reported its Q4 and full-year 2020 financial results, showing resilience amid challenges. Revenue for Q4 was $509.6 million, down 16.1% year-over-year, while total revenue for 2020 reached $1.79 billion, a decline of 21.2%. Positive highlights included a 50% growth in owned eCommerce revenue in 2020 and a projected revenue increase of 22% to 26% in 2021, targeting up to $2.25 billion. The adjusted diluted earnings per share for 2021 are expected to be between $1.90 and $2.05. The company's liquidity remains strong, with $1.1 billion available at year-end.
Wolverine World Wide, Inc. (NYSE: WWW) is set to announce its fourth-quarter and full-year 2020 financial results on February 25, 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. Interested parties can access the call live under the Investor Relations section on the company's website and a replay will be available for 30 days. Founded in 1883, Wolverine is a leading marketer of branded footwear and apparel.
Wolverine World Wide (NYSE: WWW) has declared a quarterly cash dividend of $0.10 per share, payable on May 3, 2021. This dividend is consistent with the previous quarter, reflecting an annual dividend of $0.40 per share. Stockholders of record on April 1, 2021 will receive this payment. Wolverine Worldwide is recognized for its diverse portfolio, including brands like Merrell, Sperry, and Hush Puppies, and has over 130 years of experience in the footwear and apparel industry.
On January 14, 2021, Merrell, a leader in outdoor footwear, announced a multi-year partnership with Big Brothers Big Sisters (BBBS) to enhance youth access to outdoor activities in the U.S. and Canada. This collaboration aims to break down barriers faced by youth, particularly in the wake of increased social isolation during the COVID-19 pandemic. Merrell will provide financial support and outdoor gear to mentoring programs, promoting mental and physical health benefits associated with outdoor activities.
Wolverine Worldwide announces the appointment of Jim Zwiers as President, Global Operations Group, effective immediately. Zwiers, who has been with the company for 23 years, will also continue as President, International Group. His role involves overseeing sourcing, logistics, distribution, and IT. Zwiers succeeds Mike Jeppesen, who is retiring after 33 years in the industry but will remain in an advisory capacity until mid-year. This leadership change aims to enhance the company's digital transformation and global eCommerce initiatives.
Wolverine Worldwide has appointed Matt Blonder as President of Global eCommerce to drive digital transformation and boost online sales. Blonder, with over 20 years of experience, previously led digital initiatives at Reebok. The company aims for $500 million in global eCommerce revenue in 2021, capitalizing on shifts in consumer behavior towards online shopping. This appointment supports Wolverine's strategy to enhance consumer connections and brand engagement in a digital-first market.
Wolverine Worldwide reported Q3 2020 results with revenue of $493.1 million, down 14.1% year-over-year. Despite the decline, strong performance in eCommerce, which grew over 56%, was notable. The company’s gross margin decreased to 41.0%, and diluted earnings per share were $0.27, down from $0.57 last year. Cash flow from operations improved significantly to $96.5 million. Looking ahead, management expects Q4 revenue to decline by no more than 25% year-over-year, attributing challenges to the ongoing pandemic but expressing confidence in future growth opportunities.
Wolverine World Wide (NYSE: WWW) announced a quarterly cash dividend of $0.10 per share, reflecting an annual dividend of $0.40. The dividend will be payable on February 1, 2021, to stockholders of record as of January 4, 2021. This maintains the same dividend level as the previous quarter, demonstrating the company's commitment to returning value to shareholders.
Wolverine World Wide (NYSE: WWW) has announced it will release its third quarter 2020 financial results on November 5, 2020, at 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 Investor Relations section of the company's website. Founded in 1883, Wolverine is a leading global marketer of branded footwear and apparel, with significant presence across 170 countries and territories.
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