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.
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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.
