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 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.
Wolverine Worldwide, Inc. (NYSE: WWW) declared a quarterly cash dividend of $0.10 per share of common stock. The dividend is payable on August 1, 2024, to stockholders of record on July 1, 2024, with an annual dividend of $0.40 per share.
Saucony has launched the redesigned Triumph 22, featuring innovative PWRRUNPB™ foam for superior comfort and cushioning. The shoe is designed for daily runners, offering a plush underfoot feeling, wider midfoot, adaptive lacing system, and luxurious mesh upper. The Triumph 22 is versatile for running and daily wear, delivering an energetic and comfortable experience. It will be available globally on May 1.
Wolverine Worldwide, Inc. (NYSE: WWW) has signed two global licensing agreements to further its strategic transformation into a brand-led growth company. Vida Shoes International will be the licensee for Merrell and Saucony kids footwear, while Centric Brands will hold the rights for Merrell apparel and accessories. These partnerships aim to enhance the global presence of the brands and drive value for the company.
Wolverine Worldwide, Inc. (NYSE: WWW) has appointed Dave Latchana as Chief Legal Officer and Corporate Secretary, overseeing legal, compliance, corporate communications, risk management, ESG, and security functions. Latchana, with 16 years at the company, brings significant legal and industry expertise to the role, having served in various senior positions.
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