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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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Wolverine World Wide, Inc. (NYSE: WWW) has declared a quarterly cash dividend of $0.10 per share of common stock. The dividend is payable on February 1, 2024, to stockholders of record on January 2, 2024, and reflects an indicated annual dividend of $0.40 per share.
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Wolverine World Wide, Inc. expects to report its Q3 fiscal 2023 financial results on November 9, 2023. The company will host a conference call to review results and discuss current business trends. The call will be accessible on their website and a replay will be available.
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Wolverine Boots launches University of Michigan branded boots with revenue sharing model for student athletes
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Wolverine Boots celebrates 140 years with $1.40 anniversary boots. Limited edition boots retail for $415. Handcrafted in the U.S. Winners notified on October 24th. Positive business take: Limited edition boots generate excitement and celebrate brand's heritage. Negative business take: None.
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Merrell released a public service announcement in partnership with Big Brothers Big Sisters of America to address the need for mentorship and inspire volunteer sign-ups. One in three kids in America lack a sustained mentor. Merrell conducted a social experiment to show how little time it takes to make an impact as a mentor. The video demonstrates the transformative power of human connection in mentorship. Users can sign up to be a mentor through a landing page. Merrell and BBBSA aim to break down barriers to outdoor access for youth.
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Merrell and Jeep brand release special edition hiking boot collaboration
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Wolverine World Wide announces sale of Hush Puppies IP in China, Hong Kong, and Macau, and sale of U.S. Wolverine Leathers business
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Merrell announces the launch of Scrap, a limited run footwear collection made partially with excess materials from the production line, in honor of Zero Waste Week. The collection includes three styles and aims to reduce landfill waste and promote sustainability. The Scrap line's unique aesthetic is achieved through computerized grid stitching. Merrell's commitment to sustainability includes using recycled, renewable, and organic materials in their products.
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Wolverine World Wide, Inc. reported financial results for Q2 2023, with revenue of $589.1 million, a decline of 17.4% YoY. The company's ongoing business revenue was $578.2 million, down 13.8% YoY. Gross margin was 38.7%, compared to 43.0% in the prior year. The company reduced its revenue and earnings outlook for the second half of the year due to a challenging trading environment. Full-year 2023 outlook includes expected revenue of $2.26 billion to $2.28 billion, a decline of approximately 10.7% to 10.0% YoY.
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Wolverine World Wide, Inc. has appointed Christopher E. Hufnagel as President, CEO, and member of the Board of Directors. Hufnagel, a company veteran, has decades of omnichannel brand-building experience. He joined Wolverine Worldwide in 2008 and has held various leadership roles. The Board has confidence in Wolverine's potential and Hufnagel's ability to execute the company's strategy with enhanced urgency and boldness. Hufnagel aims to transform the business and bring the full power of the company's brands to life to drive success.
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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