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, the 141-year-old boot and clothing company, has launched a -edition Wolverine x University of Michigan Team #144 Commemorative 1000 Mile Boot. This special edition boot celebrates the Wolverines' 2023 College Football Playoff National Championship victory. Crafted in the USA, the boot features premium qualities of Wolverine's 1000 Mile collection, along with unique details honoring Team #144:
- Custom 144 foil-stamp
- Block M tongue label and debossed heel
- Blue leather with maize stitching
- Vibram tap sole
- Commemorative leather hangtag keychain
The -edition boots are available for purchase at $500 on wolverine.com.
Wolverine World Wide (NYSE: WWW) has announced its upcoming second quarter fiscal 2024 financial results conference call, scheduled for August 7, 2024. The company will release its financial results at approximately 6:30 a.m. ET, followed by a conference call at 8:30 a.m. ET to discuss the results and current business trends.
Investors and analysts can join the call by dialing 1-800-579-2543 (or 1-785-424-1789 for international callers). The call will also be broadcast live on the company's website under the Investor Relations section. A recorded replay will be available until September 7, 2024, accessible by dialing 1-844-512-2921 (or 1-412-317-6671 for international callers) with the access code 11156544.
Saucony has launched the redesigned Hurricane 24, featuring an innovative dual-cushioning system combining PWRRUN PB and PWRRUN foams for exceptional comfort and protection. This max-cushioned trainer includes CenterPath Technology, offering a broader platform, higher sidewalls, and a rocker shape to guide the runner's stride. The shoe also features a breathable mesh upper and adaptive lacing for a secure fit.
Available from July 1 on saucony.com and select retailers, the Hurricane 24 is priced at $160 and comes in various sizes for men and women. The shoe is vegan and made with recycled materials, emphasizing sustainability. Chief Product Officer Brian Moore highlights its suitability for various activities, from long runs to everyday comfort, marking the return of Saucony's most cushioned trainer after a two-year hiatus.
Saucony has announced that its sponsored athlete, Canadian Olympian Malindi Elmore, will wear the new Endorphin Elite 2 shoes during the upcoming marathon in Paris. The Endorphin Elite 2 features a cutting-edge foam designed to enhance athletic performance. Elmore, a seasoned athlete with three Olympic appearances, recently won the Canadian 10km Championships at age 44, wearing these innovative shoes. The Endorphin Elite 2 will be available for purchase on July 1, 2024, at 10:00 am EST on saucony.com, with a global launch planned for Spring 2025 at select retailers.
Saucony, a division of Wolverine World Wide (NYSE: WWW), has appointed Joy Allen-Altimare as the new global chief marketing officer, effective immediately. Allen-Altimare brings over 24 years of experience in brand innovation and marketing leadership, having previously served as chief revenue officer for Havas Media Network and chief marketing officer at Kindbody. In her new role, she will oversee Saucony's global branding initiatives, including brand positioning, direct-to-consumer strategies, digital strategies, and international growth. Allen-Altimare will report directly to Rob Griffiths, Saucony's global brand president, and will join the senior leadership team. This appointment is part of Saucony's strategy to accelerate transformative growth and establish a consumer-focused brand and inclusive workplace culture.
Allen-Altimare's expertise includes addressing growth, innovation, and technology challenges, aligning with Saucony's goals to enhance its market presence and consumer relevance. Her commitment to diversity, equity, inclusion, and sustainable practices underscores Saucony's mission to inspire through running culture and innovation.
Saucony, a global performance running brand, has signed Sam Chelanga, a notable American track and field athlete. Chelanga, a seven-time USA Track and Field Champion and 2023 Pan Am Games 10,000m Silver Medalist, aims for the Paris 10,000m. He holds a record of four NCAA titles and set an NCAA 10,000m record. In addition, Chelanga has a strong marathon presence, with a recent 2:08.50 at the Chicago Marathon and a third-place finish at Bolder Boulder 10k. Chelanga will enhance Saucony's Endorphin collection and assist in future product development. The brand highlights his resilient journey and anticipates his participation in the U.S. Olympic Trials in June and World Marathon Majors.
Wolverine, the 141-year-old boot and clothing company, has partnered with Rawlings, a renowned brand in Major League Baseball equipment, to launch a -edition 1000 Mile Boot. This exclusive release, timed for Father's Day, features premium Horween leather, traditionally used in Rawlings baseball gloves, and incorporates a piece of Rawlings baseball bat wood in the heel. The collaboration is marked by meticulous craftsmanship, emphasizing Wolverine's and Rawlings' commitment to quality. The boot aims to appeal to baseball enthusiasts, offering a nostalgic connection to America's favorite pastime. Available in quantities, the Grand Slam Boot can be purchased on Wolverine's website.
Chaco, the outdoor footwear brand known for its performance sandals, is celebrating its 35th birthday by hosting a unique event—the first-ever Chaco Wedding. Scheduled for June 30, 2024, at The Mishawaka in Bellvue, Colorado, 35 couples will have the opportunity to get married or renew their vows on the banks of the scenic Poudre River. The event will feature elopement ceremonies, vow renewals, custom wedding sandals for purchase, and live music. Chaco aims to create memorable life moments with this special celebration. Spaces are , so early registration is encouraged.
Wolverine Worldwide, Inc. announced the appointment of Taryn Miller as the new Chief Financial Officer, effective May 9, 2024. She brings over 25 years of global business experience to the role and will succeed Michael D. Stornant, who is retiring after nearly 30 years with the company. Ms. Miller's appointment is part of the company's strategic transformation to drive growth and deliver value to shareholders.
Wolverine Worldwide, Inc. (NYSE: WWW) exceeded revenue and earnings expectations in the first quarter of 2024, reporting record gross margin. The company showcased accelerated growth in direct-to-consumer business, improving wholesale operations, and a healthier balance sheet. Financial highlights revealed a decline in revenue but significant improvements in gross margin. The company reaffirmed its earnings guidance and updated revenue outlook for the full year, showing progress in the turnaround and transformation strategy.
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