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 Q1 2022 revenue of $614.8 million, reflecting a 20% year-over-year growth. The company faced gross margin pressure at 42.5%, down 100 basis points, primarily due to supply chain costs. While direct-to-consumer revenue increased 24% including recently acquired Sweaty Betty, it dropped 14% without it. The company anticipates full-year revenue between $2.775 billion and $2.850 billion, projecting growth of 15% to 18%. Adjusted EPS is expected between $2.50 to $2.65, up 19.4% to 26.5%.
Wolverine World Wide, Inc. (NYSE: WWW) has declared a quarterly cash dividend of $0.10 per share, payable on August 1, 2022, to stockholders on record as of July 1, 2022. This dividend remains consistent with the last quarter, indicating an annual dividend of $0.40 per share. Wolverine is recognized for its diverse portfolio of branded footwear and apparel, operating in around 170 countries globally. The company's commitment to returning value to shareholders is evident with this stable dividend declaration.
Wolverine World Wide, Inc. (NYSE: WWW) will announce its first quarter fiscal 2022 financial results on May 11, 2022, at 6:30 a.m. ET. A conference call to discuss the results will take place at 8:30 a.m. ET. Interested parties can join by calling 1-877-300-8521 (or 1-412-317-6026 for international callers) five minutes before the call. The call will also be available for replay until June 11, 2022. Wolverine Worldwide, based in Rockford, Michigan, is a leading marketer of branded footwear and apparel.
NetVirta, a pioneer in smartphone 3D body scanning technology, has joined forces with Merrell, a Wolverine Worldwide brand, to enhance footwear shopping experiences. Their collaboration introduces the Merrell Shoe Advisor™ app, utilizing Verifyt® technology for precise shoe fitting. This innovative solution addresses the high return rates in online shoe sales, with 35-40% attributed to poor fit. The FDA-cleared Verifyt technology provides quick, accurate size recommendations, promising to boost customer satisfaction while minimizing returns, thereby benefiting both brands and environmental sustainability.
Wolverine has partnered with 343 Industries to launch a limited-edition boot inspired by the Halo franchise's Master Chief character. These boots, priced at $225, are set for release on March 29, 2022, with only 117 pairs available. The design draws from Wolverine's Hellcat boot and incorporates elements recognizable to Halo fans, including a '117' marking and UNSC insignia. This collaboration comes alongside the recent success of the Halo franchise, which boasts over 20 million players following the launch of Halo Infinite.
Merrell has appointed Sumi Scott as their new Chief Merchant Officer, effective March 21, 2022. With nearly 20 years of experience in retail merchandising and product development, Scott will lead the brand's global merchandising efforts and direct-to-consumer operations. Reporting to Chris Hufnagel, Merrell's global brand president, Scott aims to enhance the brand's growth strategies and transform its apparel and accessories sector. Her previous roles include leadership positions at The North Face and Canada Goose, where she drove significant product initiatives.
Wolverine World Wide reported a 34.8% revenue increase for fiscal 2021, reaching $2.415 billion, with a 24.7% fourth-quarter growth. Adjusted diluted earnings per share rose to $2.09, up from $0.93 year-over-year. The company expects fiscal 2022 revenue to grow 15%-18%, with adjusted EPS expected between $2.50 and $2.65. Despite challenges from COVID-19, Wolverine's acquisition of Sweaty Betty and robust eCommerce performance, with a 58.3% revenue increase, are contributing to a positive outlook.
Wolverine World Wide has announced a quarterly cash dividend of $0.10 per share of common stock, payable on May 5, 2022, to shareholders on record as of April 1, 2022. This dividend maintains the previous quarterly rate, indicating an annual dividend of $0.40 per share. Wolverine, a leading footwear and apparel marketer, operates internationally with a diverse portfolio of brands, including Merrell and Saucony, and has a presence in approximately 170 countries.
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