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, Buffalo Trace, and Huckberry have launched a special-edition Wolverine 1000 Mile boot, available exclusively on Huckberry.com. Designed in Michigan and handmade in Arkansas, the boot celebrates American craftsmanship and the collaboration between the three brands. Priced at $425, this boot features unique branding elements like the Buffalo Trace logo and Huckberry icon. The collaboration aims to resonate with consumers during National Bourbon Heritage Month, highlighting the quality and heritage associated with both Wolverine and Buffalo Trace.
Merrell, a leading outdoor footwear brand, announced the signing of its first-ever U.S. trail runners, Aum Gandhi and Rachel Tomajczyk, on September 21, 2022. This move highlights their commitment to supporting athletes through sponsorship and resources. Gandhi, an endurance athlete from California, aims to represent India in the Moab 240 race, while Tomajczyk has several accolades in trail running since transitioning from track. This strategic partnership aligns with Merrell's mission to empower outdoor exploration.
Merrell has unveiled the new Moab 3 hiking line, enhancing its iconic footwear with environmentally friendly materials and improved comfort. The update includes features such as 100% recycled components and advanced cushioning technology. To promote the launch, Merrell introduced the Hike and Seek interactive game, encouraging outdoor exploration with a chance to win a trip to Moab, Utah. This initiative aims to boost physical and mental health while celebrating the heritage of hiking.
Merrell has launched the second generation of its women's hiking sneaker, Bravada 2, alongside the Merrell Hiking Club aimed at empowering women in the outdoors. The company aims to cater to women's diverse hiking needs with a community-focused digital platform. The Bravada 2 features a wider toe box, additional arch support, and is crafted from recycled materials. Recognized with a 2022 SELF Certified Sneaker Award, the Bravada 2 emphasizes fit and functionality. The Hiking Club, which started in EMEA, has expanded to North America, promoting outdoor engagement.
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.
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