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.
Wolverine World Wide, Inc. (NYSE: WWW), a global leader in footwear and apparel with iconic brands like Merrell and Saucony, provides this dedicated news hub for investors and stakeholders. Track official press releases, earnings reports, and strategic developments from the company behind innovative workwear, performance footwear, and lifestyle products.
This resource offers timely updates on material events including product launches, partnership announcements, leadership changes, and financial results. Investors gain insights into WWW's operational strategies across its Active, Work, and Licensed brand segments while monitoring its global market position.
All content is sourced directly from Wolverine World Wide's corporate communications, ensuring accuracy and compliance. Bookmark this page for streamlined access to critical updates impacting the company's performance in the competitive apparel and footwear industry.
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.
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.
Wolverine World Wide reported its Q4 and full-year 2020 financial results, showing resilience amid challenges. Revenue for Q4 was $509.6 million, down 16.1% year-over-year, while total revenue for 2020 reached $1.79 billion, a decline of 21.2%. Positive highlights included a 50% growth in owned eCommerce revenue in 2020 and a projected revenue increase of 22% to 26% in 2021, targeting up to $2.25 billion. The adjusted diluted earnings per share for 2021 are expected to be between $1.90 and $2.05. The company's liquidity remains strong, with $1.1 billion available at year-end.
Wolverine World Wide, Inc. (NYSE: WWW) is set to announce its fourth-quarter and full-year 2020 financial results on February 25, 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. Interested parties can access the call live under the Investor Relations section on the company's website and a replay will be available for 30 days. Founded in 1883, Wolverine is a leading marketer of branded footwear and apparel.
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