STOCK TITAN
  1. Home
  2. News
  3. WWW

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.

News

Wolverine Worldwide Affirms Preliminary 2023 Financial Results in Line With Guidance

Rhea-AI Summary
Wolverine World Wide, Inc. (NYSE: WWW) expects net debt and inventory to be better than guidance, with full year and fourth quarter reported revenue in line with expectations, and a focus on strategic transformation efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.37%
Tags
earnings
-
News

Wolverine Worldwide to Present at the 2024 ICR Conference

Rhea-AI Summary
Wolverine World Wide, Inc. (NYSE: WWW) to present at 2024 ICR Conference with management team members Chris Hufnagel and Mike Stornant. Live webcast and replay available on company website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.03%
Tags
conferences
-
News

Wolverine Worldwide Appoints Bishu Jayaram as Chief Supply Chain Officer

Rhea-AI Summary
Wolverine World Wide, Inc. (NYSE: WWW) appoints Bishu Jayaram as Chief Supply Chain Officer, bringing over 20 years of supply chain and sourcing experience to drive the company's strategic transformation into a consumer-obsessed growth company. The company also announced the transition of Jim Zwiers, Executive Vice President and President of its Global Operations Group, in early 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.46%
Tags
management
News

Wolverine Worldwide Advances Transformation Initiatives

Rhea-AI Summary
Wolverine Worldwide, Inc. (NYSE: WWW) has announced strategic actions aimed at simplifying its business model and generating $70 million in proceeds. The company has focused on stabilizing the business today while transforming into a consumer-obsessed growth company. The actions include optimizing its successful Merrell and Saucony joint venture in China, selling its Asia-based Wolverine Leathers business, and previously announced transactions involving Keds, Hush Puppies, and U.S. Wolverine Leathers. These actions aim to reduce the cost structure, strengthen the balance sheet, and enhance the ability to invest in brands and platforms, ultimately delivering stronger returns for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.45%
Tags
none
-
News

Merrell Appoints Pallav Tamaskar as New Chief Marketing Officer

Rhea-AI Summary
Merrell® (MRRL) appoints Pallav Tamaskar as Chief Marketing Officer (CMO) to lead global marketing strategy, modernize integrated marketing campaigns, and drive cultural relevance through innovative product collaborations and brand-purpose programming. Tamaskar brings a strong Consumer Packaged Goods and Media background, having served as the Executive Vice President and Managing Director of Myprotein (THG) North America and held executive roles at ESPN and Fortune 100 companies like PepsiCo and Procter & Gamble.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.38%
Tags
management
-
News

Wolverine Boots and Apparel Licenses Sock Business to Renfro Brands

Rhea-AI Summary
Wolverine Boots and Apparel (WWW) has decided to exclusively license their sock business to Renfro Brands starting January 1, 2024. This strategic partnership aims to prioritize the sock category and provide the highest quality products in the industry to meet the evolving needs of consumers and retailers. Renfro's expertise in sock manufacturing will enable Wolverine to offer a wide range of innovative socks, expanding their portfolio and reaching retailers nationwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.74%
Tags
none
News

Wolverine and Metallica Scholars Amp Up the Skilled Trades with Their 4th Collection Featuring Limited-Edition High-Top Sneakers

Rhea-AI Summary
Wolverine (WWW) Teams Up with Metallica Scholars to Support Skilled Trade Workers: Wolverine, the 140-year-old boot brand, and Metallica Scholars have collaborated for the fourth time to support the next generation of skilled workers. 50% of proceeds from the collection will be donated to Metallica Scholars. The collection includes a limited-edition high-top sneaker, a shirt-jac, and a trucker hat. Since 2019, Wolverine has donated over $750,000 to All Within My Hands, and the Wolverine x Metallica Scholars Tour Merch proceeds benefit Metallica Scholars.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.37%
Tags
none
-
News

Wolverine Worldwide Accelerates Transformation Initiatives

Rhea-AI Summary
Wolverine World Wide, Inc. (NYSE: WWW) announced strategic transformation initiatives including workforce restructuring and identified initiatives expected to deliver $215 million in annualized savings. The Company is streamlining its organization, strengthening brand-building capabilities, and reducing costs to stabilize the business and enable future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.22%
Tags
none
-
News

Wolverine Worldwide Reports Third Quarter Results In-Line With Expectations

Rhea-AI Summary
Wolverine World Wide, Inc. (NYSE: WWW) reported Q3 results, highlighting a decline in revenue and earnings, a reduction in inventory, and a shift towards a consumer-focused brand strategy. The company also updated its fiscal 2023 outlook, expecting a decline in revenue and adjusted earnings per share due to challenging market conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.22%
Tags
earnings
News

Merrell Partners with PA-C to Prescribe Vitamin D, Getting Outside on National Take a Hike Day

Rhea-AI Summary
Merrell® calls for consumers to get outside with 'Maximize the D' campaign
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
partnership

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.

Stock WWW logo
Wolverine World Wide, Inc.

NYSE:WWW

WWW Rankings

#2067 Ranked by Market Cap
#1462 Ranked by Dividends

WWW Stock Data

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