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) will release its second quarter 2021 financial results on July 29, 2021, at 6:30 a.m. ET, followed by a conference call at 8:30 a.m. ET. The call will be accessible via the Investor Relations section of the company's website. Wolverine Worldwide is a leading footwear and apparel marketer with a diverse brand portfolio, including Merrell, Sperry, and Hush Puppies. The company has a strong global presence, operating in approximately 170 countries.
Wolverine World Wide (NYSE:WWW) announces a leadership transition as Brendan Hoffman will become CEO at the end of the year, succeeding Blake Krueger, who has served as CEO since 2007. Hoffman joined as President in September 2020 and has focused on eCommerce growth, targeting revenue of $500 million for 2021, doubling from 2019 levels. Krueger will assume the role of Executive Chairman. Under Krueger, the company expanded globally and increased revenue to over $2 billion, enhancing its brand portfolio significantly.
Hush Puppies, part of Wolverine Worldwide (NYSE: WWW), announced a collaboration with Voxel8 to integrate its digital manufacturing technology into their midsoles. This partnership aims to enhance comfort, support, and longevity of the footwear. Voxel8's ActiveLab system utilizes a no-tooling manufacturing process that promises quicker design cycles. With a strong focus on sustainability, this technology enables customization and rapid response to market demands. Both companies are looking to ramp up production for greater market reach and innovation in comfort.
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.