Welcome to our dedicated page for Wolverine World news (Ticker: WWW), a resource for investors and traders seeking the latest updates and insights on Wolverine World stock.
Wolverine World Wide, Inc. (NYSE: WWW), a global leader in footwear and apparel with iconic brands like Merrell and Saucony, provides this dedicated news hub for investors and stakeholders. Track official press releases, earnings reports, and strategic developments from the company behind innovative workwear, performance footwear, and lifestyle products.
This resource offers timely updates on material events including product launches, partnership announcements, leadership changes, and financial results. Investors gain insights into WWW's operational strategies across its Active, Work, and Licensed brand segments while monitoring its global market position.
All content is sourced directly from Wolverine World Wide's corporate communications, ensuring accuracy and compliance. Bookmark this page for streamlined access to critical updates impacting the company's performance in the competitive apparel and footwear industry.
Wolverine World Wide reported a 13% revenue growth in Q2 2022, totaling $713.6 million, exceeding expectations. EPS surged to $1.53, up 188.7% year-over-year. Key brand Merrell saw a 14% growth, while international revenue jumped 45%. However, challenges remain, including elevated customer inventory and a stronger dollar, leading to revised full-year guidance of $2.740 - $2.790 billion in revenue. The operating margin was reported at 23.5%, with expectations for 11.5% in the back half of 2022 due to increased promotional activities.
Wolverine World Wide, Inc. has declared a quarterly cash dividend of $0.10 per share, payable on November 1, 2022, to shareholders of record as of October 3, 2022. This dividend matches the previous quarter's amount, resulting in an annual dividend of $0.40 per share. Wolverine is a leading marketer of branded footwear and apparel, operating globally with a portfolio that includes well-known brands like Merrell, Saucony, and Hush Puppies.
Wolverine World Wide, Inc. (NYSE: WWW) will release its second quarter fiscal 2022 financial results on August 10, 2022, at 6:30 a.m. ET. The company will host a conference call at 8:30 a.m. ET for investors and analysts to discuss the results and current business trends. Interested participants can join by calling 1-877-407-4018 for domestic or 1-201-689-8471 for international inquiries. A recorded replay will be accessible until September 10, 2022.
Merrell, a leader in outdoor footwear, launched its new elite trail-running shoe collection, the MTL Long Sky 2 and MTL MQM, engineered for performance in unpredictable conditions. Developed at the Merrell Test Lab, these shoes promise agility and protection on rough trails. The MTL Long Sky 2 boasts a unique system expelling 30% more water, enhancing performance. The MTL MQM is designed for durability across varied terrains. Accompanying this launch is the integrated marketing campaign 'Same is Boring,' aimed at inspiring runners to embrace the trails.
Wolverine World Wide, Inc. (NYSE: WWW) announced the sale of the Champion trademarks for footwear in the U.S. and Canada to HanesBrands Inc. for $90 million. This deal allows Wolverine to maintain a perpetual license for the Keds Champion sneaker, facilitating business model simplification and securing significant cash flow. The transaction also resolves ongoing litigation between the companies.
Brendan Hoffman, CEO, highlighted the cash received is at a meaningful multiple of future expected royalty streams.
On June 9, 2022, Wolverine World Wide (NYSE: WWW) executives Michael Stornant and Alex Wiseman will engage in a fireside chat at the Stifel Cross Sector Insight Conference in Boston, MA, starting at 8:35 am ET. The event will include a live audio webcast, with a replay available for 90 days on the company's Investor Relations page. Founded in 1883, Wolverine is a leading marketer of branded footwear and apparel, featuring well-known brands such as Merrell, Saucony, and Sperry.
Wolverine World Wide, Inc. (NYSE: WWW) announced that its Executive Vice President & Chief Financial Officer, Michael Stornant, will participate in a fireside chat at the 2022 Baird Global Consumer, Technology and Services Conference in New York City on June 7, 2022, starting at 3:10 PM Eastern Time. The event will be available via live audio webcast, with a replay accessible for 90 days on the company’s Investor Relations website.
Founded in 1883, Wolverine is a leading marketer of branded footwear and apparel.
Merrell has launched a 'Walk & Talk' hotline to encourage outdoor activity during Great Outdoors Month in June. The hotline allows consumers to connect with live outdoor representatives by dialing (844) WALKTLK from Monday to Friday, 11 AM to 7 PM EDT. The initiative aims to make the outdoors more accessible and enjoyable, especially for those who may not be aware of the mental and physical benefits of walking. Participants will receive a 15% discount on their next purchase. Merrell is dedicated to fostering a welcoming outdoor environment for everyone.
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