Wolverine World Stock Price, News & Analysis

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.

Wolverine World Wide, Inc. (NYSE: WWW) will announce its fourth quarter and full year 2021 financial results on February 23, 2022, at 6:30 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss the results and business trends. Investors can join the call by dialing 1-877-407-4018 or access it online via the company's Investor Relations page. A replay will be available until March 23, 2022.

Founded in 1883, Wolverine is a leader in branded footwear and apparel.

Wolverine has launched a collaboration with unCommon Construction to promote skilled trade careers among high school students. This initiative includes a special-edition boot collection as part of Project Bootstrap, which supports vocational education and apprenticeships. A survey shows a significant gap between students' interest in skilled trades and their knowledge of available paths, with 72% believing in alternative options to college but only 30% considering trade schools. The initiative aims to bridge this gap through educational campaigns and resources.

Wolverine World Wide reported a strong third-quarter performance, with revenue of $636.7 million, a 29.1% year-over-year increase. Despite supply chain disruptions, including $60 million in negative revenue impact, the company saw double-digit growth in various brands. eCommerce revenue surged by 45%, and gross margins improved to 43.2%. The company updated its 2021 revenue outlook to approximately $2.4 billion, reflecting nearly 35% growth. Adjusted diluted earnings per share are expected between $2.05 and $2.10. The addition of Sweaty Betty is anticipated to boost future growth.

Wolverine and Metallica's All Within My Hands Foundation have launched a new collaboration featuring a limited edition collection, with 50% of sales supporting the Metallica Scholars Initiative. The collection includes three types of boots priced between $150 and $400, along with a hoody, beanie, and graphic t-shirt. Since 2019, Wolverine has donated over $300,000 to this initiative, aimed at enhancing career and technical education in community colleges. The collection is available for pre-sale now and officially launches on Giving Tuesday, Nov. 30.

Wolverine World Wide, Inc. (NYSE: WWW) has declared a quarterly cash dividend of $0.10 per share, payable on February 1, 2022, to stockholders on record as of January 3, 2022. This dividend matches the previous quarter's dividend, indicating a steady annual payout of $0.40 per share. Established in 1883, Wolverine Worldwide is a leading marketer of a variety of footwear and apparel brands, operating globally across approximately 170 countries.

Wolverine World Wide, Inc. (NYSE: WWW) announced the upcoming release of its third quarter 2021 financial results, scheduled for November 10, 2021, at 6:30 a.m. ET. Following the release, the company will conduct a conference call at 8:30 a.m. ET to discuss the results and current business trends, which will be available via live broadcast on their website. Wolverine, established in 1883, is a leading marketer of branded footwear and apparel, with a diverse portfolio of recognized brands distributed in approximately 170 countries.