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.
News about Wolverine World Wide, Inc. (NYSE: WWW) reflects its role as a footwear and apparel company with a portfolio of global brands across outdoor, athletic, lifestyle, kids, and work categories. The company regularly issues press releases on financial performance, brand collaborations, partnerships, and corporate initiatives, giving investors and observers insight into how its brand-building model is being executed.
Brand-focused news often highlights activities from Merrell, Saucony, Wolverine, and other portfolio brands. For example, Merrell has announced collaborations such as the Merrell Moab 2 Siren x Gramicci, which reimagines a core hiking style, while Saucony has publicized creative partnerships and athlete agreements that underscore its positioning as a global performance running and lifestyle brand. Wolverine, described as America’s leading work boot brand, has announced partnerships that connect its work heritage with media properties and modern storytelling.
Corporate news from Wolverine Worldwide includes quarterly financial results, where the company reports revenue by segment such as the Active Group and Work Group, and discusses trends across brands like Merrell, Saucony, Sweaty Betty, and Wolverine. The company also issues updates on its transformation efforts, Global Impact Report, and recognition from industry and workplace organizations, including being named Company of the Year by Footwear News and receiving Great Place to Work certification.
Visitors to this news page can review company-issued announcements covering earnings releases, segment performance, brand collaborations, athlete partnerships, credit agreement amendments, governance updates, and impact reporting. Together, these items provide context on how Wolverine World Wide, Inc. manages its portfolio of footwear and apparel brands and communicates with shareholders, employees, and consumers.
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
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.
Sweaty Betty launches its second collaboration with Halle Berry’s wellness brand, rē•spin, introducing The rē•spin Edit collection. This fall drop features 24 pieces designed for comfort and style, inspired by nature with a palette of greens, creams, and blacks. The collection includes popular items like Power Leggings and the new Super Soft fabric range. Prices range from $14 to $348, and sizes are available from XXS to XXL. The collection is available starting October 22 on sweatybetty.com and select retail partners.
Last week at the Zollverein Coal Mine in Essen, Germany, Saucony athletes participated in a unique 10-kilometer race showcasing the Endorphin Pro+, their latest carbon-plated running shoe. The event proved successful, with several athletes breaking records, including Otto Kingstedt, who set a new world record for deaf or hard-of-hearing athletes at 29:56. The Endorphin Pro+ features advanced technologies such as SPEEDROLL™ and PWRRUN PB™, aimed at enhancing performance. The shoe is now available for purchase at a retail price of $250.
Wolverine and Old Rip Van Winkle Distillery have launched a new limited-edition boot, the Wolverine x Old Rip Van Winkle 1000 Mile boot, now available for pre-order. This collaboration, resulting from a successful first batch, donates 100% of revenue to the mikeroweWORKS Foundation to support skilled trades education. The boots, priced at $400, feature unique Horween Whiskey Predator leather and handcrafted components from bourbon barrels. They honor American craftsmanship and the skilled workers behind these products, with a release date set for October 14, 2021.
Merrell has partnered with Big Brothers Big Sisters of America and Canada to launch the Shared Steps Challenge, encouraging outdoor activities. For every mile tracked in September, Merrell will donate $1 to BBBS, up to $40,000, to support local chapters. Participants can register through Merrell's website and participate in various activities. This initiative aligns with Merrell's commitment to promoting outdoor accessibility and mentoring for youth. The campaign also supports the expansion of Merrell's Moab hiking boot line, which has been popular since 2007.
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Wolverine World Wide, Inc. (NYSE: WWW) has successfully raised $550 million through the issuance of 4.000% Senior Notes due 2029. The proceeds were utilized to redeem all outstanding 5.000% Senior Notes due 2026 and 6.375% Senior Notes due 2025, which will save the company approximately $9.5 million in annual interest expenses. CFO Mike Stornant highlighted that the firm's strong cash flow and positive future outlook enabled this advantageous refinancing. The company is now well-positioned to continue investing in its growing performance brands, including Merrell and Saucony.