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Wolverine World Wide, Inc. - WWW STOCK NEWS

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.

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Saucony announces a new collaboration with Bodega, introducing the limited-edition Bodega x Saucony Grid Shadow 2 'Jaunt Woven' sneaker featuring earth tones and organic textures. The sneaker is made from woven hemp and natural hues, with environmentally friendly design elements, marking another successful collaboration between the two brands.
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Wolverine collaborates with Red Bull Scramble Series to launch a limited-edition Rush UltraSpring Boot collection, embodying tenacity and grit. The collection offers performance and comfort for off-road adventures, inspired by the Series' spirit and skilled trades. The partnership aims to inspire individuals to push their limits in any terrain.
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Wolverine World Wide, Inc. reported financial results for Q4 and full-year 2023, showing a decline in revenue but improved gross margin and operating margin. The company has strengthened its balance sheet, reduced debt, and improved efficiency. The outlook for 2024 includes expectations of increased profitability and growth.
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Wolverine World Wide, Inc. (WWW) declares a quarterly cash dividend of $0.10 per share of common stock, with an indicated annual dividend of $0.40 per share. The dividend is payable on May 1, 2024, to stockholders of record on April 1, 2024.
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Wolverine World Wide, Inc. (NYSE: WWW) is set to release its Q4 and full year fiscal 2023 financial results on February 21, 2024, followed by a conference call to discuss business trends. Investors and analysts can join the call or access the live broadcast and replay on the company's website.
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Saucony launches the all-new Guide 17, a maximal cushioned trainer with CenterPath Technology, offering comfort and protection. The redesigned shoe features PWRRUN foam and a PWRRUN+ sockliner, providing a secure fit and 360-degree comfort. Available in men's sizes 7-16 and women's sizes 5-12 at a retail price of $140.
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Chaco, the outdoor footwear brand, is celebrating its 35th birthday with the launch of the 'Chaco for Life' campaign, dedicated to empowering individuals to embrace moments that make them feel alive. The brand is also releasing a limited-edition rivers collection of Z/Sandals, featuring webbing patterns inspired by the beauty of rivers. This marks a significant milestone for Chaco, founded in 1989 by a whitewater rafting guide.
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Saucony launches The Marathumb Challenge, an app aimed at combating excessive phone scrolling with physical activity. The app is designed to encourage users to prioritize steps over scrolling, promoting physical activity and wellness.
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Merrell® (MRL) strengthens its global trail team with the addition of ultra-runner Coree Woltering and three other athletes for 2024. The brand's commitment to innovation and performance in outdoor footwear is reinforced through the signing of these athletes, who embody the brand's ethos of inclusivity, quality, and innovation.
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Wolverine World Wide, Inc. (NYSE: WWW) has sold the Sperry brand to Authentic Brands Group, Inc. and the ALDO Group, generating approximately $130 million in proceeds to further strengthen the company's balance sheet. This sale is part of the company's strategic transformation and turnaround, following previously-announced asset monetization transactions that generated nearly $250 million in cash in 2023.
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FAQ

What is the current stock price of Wolverine World Wide (WWW)?

The current stock price of Wolverine World Wide (WWW) is $22.88 as of November 21, 2024.

What is the market cap of Wolverine World Wide (WWW)?

The market cap of Wolverine World Wide (WWW) is approximately 1.8B.

What does Wolverine World Wide, Inc. do?

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes branded footwear, apparel, and accessories globally.

Which brands are part of Wolverine World Wide’s portfolio?

Wolverine World Wide’s portfolio includes Merrell, Sperry, Hush Puppies, Saucony, Wolverine, Keds, Stride Rite, Chaco, Bates, and Hytest. It also licenses Cat and Harley-Davidson footwear.

Where is Wolverine World Wide, Inc. headquartered?

Wolverine World Wide, Inc. is headquartered in Rockford, Michigan.

What are the core business segments of Wolverine World Wide, Inc.?

The core business segments are Active Group, Work Group, Lifestyle Group, and Other.

What recent products has Saucony launched?

Saucony recently launched the Ride 17 and Guide 17 sneakers, featuring innovations like the PWRRUN+ midsole and CenterPath Technology™.

What is the Marathumb Challenge?

The Marathumb Challenge, introduced by Saucony, measures the distance users scroll on their phones and compares it to their physical steps, encouraging more movement.

How does Wolverine World Wide promote youth employment?

Wolverine World Wide promotes youth employment through partnerships like the “Work at Camp” event with the American Camp Association, aimed at college and university students.

Which segment generates the most revenue for Wolverine World Wide, Inc.?

The Active Group segment, which includes Merrell, Saucony, Sweaty Betty, and Chaco, generates the most revenue.

What is the significance of the new CenterPath Technology™?

CenterPath Technology™, introduced in Saucony’s Guide 17 sneaker, offers a broader platform and higher sidewalls for maximal cushioning and comfort protection.

How long has Wolverine World Wide, Inc. been in business?

Wolverine World Wide, Inc. has been in business for more than 130 years, since its founding in 1883.

Wolverine World Wide, Inc.

NYSE:WWW

WWW Rankings

WWW Stock Data

1.81B
78.61M
1.75%
94.86%
4.4%
Footwear & Accessories
Footwear, (no Rubber)
Link
United States of America
ROCKFORD