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. reports developments tied to a branded footwear and apparel portfolio that includes Merrell, Saucony, Sweaty Betty, Hush Puppies, Wolverine, Chaco, Bates, HYTEST and Stride Rite, along with licensed Cat and Harley-Davidson footwear. The company designs, markets and licenses casual, outdoor, athletic, kids, industrial work and uniform footwear and apparel sold through retailers in the United States and international markets.
Recurring news covers quarterly results and conference calls, board-declared cash dividends, brand collaborations such as Chaco product collections, Work Group leadership and product-innovation updates, and marketing technology initiatives involving Merrell and Saucony. Company updates also discuss brand performance, direct-to-consumer trends, gross margin drivers, tariffs, foreign currency and portfolio changes such as the prior Sperry sale.
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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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.
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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.