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 (NYSE:WWW) has reported accelerated performance in Q2 2021, driven by strong sales from its major brands, including Merrell, Saucony, and Sperry. CEO Blake W. Krueger noted that the company expects Q2 revenue to surpass 2019 levels and reaffirmed its full-year revenue outlook of $2.24 to $2.3 billion, contingent on stable market conditions amidst COVID-19. The company's global portfolio encompasses various footwear brands, positioning it well for recovery and growth.
Wolverine World Wide (NYSE:WWW) announced key leadership appointments aimed at driving international growth. Isabel Soriano has been appointed President of International, overseeing all international operations after her success leading EMEA. Katherine Cousins joins as Global Brand President of Sperry, focusing on accelerating global omni-channel growth. Soriano, with a background in brands like Vans and Timberland, aims to leverage her experience for broader market expansion. Cousins, a seasoned executive from VF Corporation, will enhance Sperry's success in digital and retail.
Wolverine World Wide reported strong Q1 2021 results, with revenue of $510.7 million, a 16.3% increase year-over-year. Key brands Merrell and Saucony saw revenue growth of nearly 25% and 60%, respectively, driven by an accelerated digital strategy and consumer demand. ECommerce grew 84%, while gross margin expanded to 43.5%. The company raised its full-year revenue forecast to $2.24 to $2.30 billion, projecting 25% to 28% growth. Reported EPS were $0.45, up from $0.16 the previous year. Despite industry supply chain issues, cash flow improved significantly, and total debt decreased by over $505 million.
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Wolverine World Wide (NYSE: WWW) has declared a quarterly cash dividend of $0.10 per share, payable on August 2, 2021, to shareholders on record as of July 1, 2021. This dividend matches the previous quarterly amount, indicating an annual dividend of $0.40 per share. Founded in 1883, Wolverine is a leading marketer of branded footwear and apparel, with a portfolio that includes well-known brands such as Merrell, Sperry, and Hush Puppies.
Wolverine World Wide (NYSE: WWW) will announce its first quarter 2021 financial results on May 12, 2021, at approximately 6:30 a.m. ET. A conference call will follow at 8:30 a.m. ET to discuss the results and current business trends, which will be accessible via the Company's website. Wolverine Worldwide, a leading marketer and licensor of branded footwear and apparel, has a diverse portfolio that includes various recognized brands such as Merrell® and Sperry®. The Company operates globally in approximately 170 countries.
Hush Puppies is launching its new jelly sandal, the Brite Jell, in collaboration with Loud Lacquer as part of the Newtro trend. The collection features vibrant sandals with a squishy soft material, equipped with Hush Puppies' Bounce® footbed technology for comfort. Accompanying the sandals are four new non-toxic, vegan nail polish shades called Brite Shades. Each sandal comes in two styles and multiple colors, retailing at $69.95. This collaboration aims to attract new consumers while celebrating bold self-expression.
Wolverine World Wide (NYSE:WWW) has announced the appointment of Kathleen Wilson-Thompson to its Board of Directors, effective May 5, 2021. With extensive experience in global retail, including roles at Tesla and Walgreens Boots Alliance, Wilson-Thompson is expected to bolster Wolverine's Global Growth Agenda. Her leadership background will be instrumental in navigating complex environments and capitalizing on strategic opportunities in the footwear and apparel sector. This appointment enhances the board's expertise as Wolverine aims to expand its market presence.
Merrell has launched two new products, the Moab Speed hiking shoe and Moab Flight trail running shoe, expanding its popular hiking boot franchise. These shoes cater to outdoor enthusiasts seeking stylish, athletic footwear. Key features include lightweight design, improved traction from Vibram's Traction Lug technology, and eco-friendly materials. The Moab series has served over 20 million consumers since 2007. Merrell aims to inspire new hikers with its Step Further campaign while celebrating its 40th anniversary in 2021.
Hush Puppies has launched its innovative Rain Sneaker collection, merging style with functionality as demand for rain footwear rises. Google searches for "rain boot" jumped 41% in the US in 2021. The collection features a unique blend of rubber and sneaker design, ensuring comfort and versatility. Available in five colorways, pricing starts at $79.95. The Rain Sneakers leverage Hush Puppies' proprietary Bounce™ footbed technology for comfort and energy rebound. Consumers can purchase online via HushPuppies.com, Amazon, and Zappos.