Wolverine World Stock Price, News & Analysis

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.

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.