Wolverine World Stock Price, News & Analysis

Saucony, a division of Wolverine World Wide (NYSE: WWW), has launched its global brand campaign 'Run as One' on March 4, 2025. The campaign celebrates the communal aspect of running and features a 30-second anthem video with Saucony athlete Vanessa Fraser and creative collaborator Jae Tips.

The initiative includes global run club events and coffee shop residencies, starting at Ludlow Coffee Supply in New York City and expanding to Grand Rapids, Boston, London, and other major cities. The campaign follows Saucony's successful collaboration with Collision Run Club during Paris Fashion Week in January 2025.

The marketing strategy encompasses out-of-home assets in key markets including NYC, Toronto, Boston, London and Paris, along with CTV, OLV, and social and display channels. The campaign was developed with The Agency, Wolverine Worldwide's in-house creative agency, and produced by The Den.

Saucony, a division of Wolverine World Wide, Inc. (NYSE: WWW), has announced the global launch of the Endorphin Elite 2 running shoe. This advanced super shoe features Saucony's new IncrediRUN™ foam technology, designed to provide exceptional energy return and cushioning for runners of all levels.

To celebrate the launch, Saucony is hosting an underground relay event called THE MAZE in Paris, bringing together top running crews from around the world. Similar events will be rolled out globally as the Endorphin franchise expands.

After a release in Summer 2024, the Endorphin Elite 2 will be available globally on March 1 at saucony.com and select retailers for $275.00. Tokyo customers can access it early on February 27 at Saucony's new Shibuya storefront and at the Tokyo Marathon Expo.

According to Brian Moore, Saucony's chief product officer, the shoe was developed in collaboration with elite athletes and offers benefits for both competitive racers and mid-pack runners seeking premium performance.

Wolverine Worldwide (NYSE: WWW) reported its Q4 and fiscal 2024 results, meeting guidance and achieving growth inflection. Q4 ongoing total revenue grew 3.0% to $494.7 million, with notable performance from Merrell (+1.0%) and Wolverine (+20.5%). The Work Group segment showed strong growth of 20.6%.

Q4 gross margin improved significantly to 44.0%, up 740 basis points year-over-year. The company reduced inventory by 35.6% to $241 million and decreased net debt by 33.1% to $496 million compared to the prior year.

For 2025, WWW expects revenue between $1.795-$1.825 billion, representing 2.5-4.3% growth, with gross margin projected at 45.5%. The company forecasts adjusted diluted EPS of $1.05-$1.20, including an approximate $0.08 negative impact from foreign currency exchange rates.

Wolverine Worldwide (NYSE: WWW) reported its Q4 and fiscal 2024 results, successfully meeting guidance and achieving growth inflection. The company completed its turnaround strategy focused on stabilization, transformation, and inflection to growth.

Key financial highlights include significant gross margin improvement due to lower supply chain and product costs. Inventory decreased by $133 million (35.6%) to $241 million, while Net Debt reduced by $246 million (33.1%) to $496 million compared to the previous year.

For fiscal 2025, WWW projects:

• Revenue of $1.795-1.825 billion (2.5-4.3% growth)
• Gross margin of 45.5% (up 100 basis points)
• Operating margin of 7.7% (up 190 basis points)
• Adjusted diluted EPS of $1.05-$1.20

Wolverine World Wide (NYSE: WWW) has appointed Brett Parent as its first Chief Strategy Officer, effective February 3, 2025. Parent, a company veteran with almost two decades of experience, will oversee enterprise strategy development and assess growth opportunities across the company's brand portfolio, which spans 170 countries and territories.

In this newly created role, Parent will lead both the Strategy function and the Consumer Marketing team, supporting enterprise-wide eCommerce growth initiatives. He will report directly to President and CEO Chris Hufnagel and serve on the Executive Team.

Parent has been instrumental in the company's recent turnaround efforts over the past 18 months, previously serving as Vice President of Strategy. His experience includes various leadership roles across both brand and corporate functions within Wolverine's Direct-to-Consumer division.

Merrell, the leading hiking and outdoor footwear brand, has appointed Richard McLeod as Chief Marketing Officer. McLeod will report to Global Brand President Janice Tennant and lead Merrell's global marketing efforts to strengthen the brand's position in the outdoor active and lifestyle space.

McLeod brings over two decades of senior leadership experience, most recently serving as Vice President, Chief Marketing Officer at Champion, where he enhanced market presence through consumer insights and brand development. Previously, he held the position of Senior Vice President of Brand at Canada Goose, overseeing brand evolution and growth.

Wolverine World Wide (NYSE: WWW) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.10 per share of common stock. The dividend will be paid on May 1, 2025, to stockholders of record as of April 1, 2025. This quarterly payment maintains the same level as the previous dividend and indicates an annual dividend rate of $0.40 per share.

Wolverine World Wide (NYSE: WWW) has scheduled its fourth quarter and full year fiscal 2024 financial results announcement for Wednesday, February 19, 2025, at approximately 6:30 a.m. ET. The company will host a conference call at 8:30 a.m. ET to discuss results and current business trends.

Investors and analysts can join the call by dialing 1-877-407-4018 (international: 1-201-689-8471). The call will be broadcast live in the Investor Relations section of the company's website. A replay will be available until March 19, 2025, accessible by dialing 1-844-512-2821 (international: 1-412-317-6671) with access code 13751313.

Merrell has unveiled the SpeedARC Surge BOA, an innovative hiking sneaker launching globally on January 7, 2025, at $290. The shoe features the new SpeedARC™ midsole system with active response coils, incorporating FloatPro™ technology and Flexplate™, delivering 100% more energy return than leading hiking footwear.

The design includes a nitrogen-injected supercritical foam called FloatPro+ SC, with two individual midsole layers separated by a nylon Flexplate™. This construction creates a unique stabilizing platform where the lower foam absorbs terrain shock while the upper foam manages gait cycle impact. The shoe features a double BOA® lacing system and Matryx® upper for precise fit adjustments.

Named one of TIME's Best Inventions of 2024, the SpeedARC Surge BOA aims to bridge the gap between urban and trail environments, offering enhanced comfort and performance for both settings.