Welcome to our dedicated page for Wolverine World Wide news (Ticker: WWW), a resource for investors and traders seeking the latest updates and insights on Wolverine World Wide stock.
Wolverine World Wide, Inc. reports developments tied to a branded footwear and apparel portfolio that includes Merrell, Saucony, Sweaty Betty, Hush Puppies, Wolverine, Chaco, Bates, HYTEST and Stride Rite, along with licensed Cat and Harley-Davidson footwear. The company designs, markets and licenses casual, outdoor, athletic, kids, industrial work and uniform footwear and apparel sold through retailers in the United States and international markets.
Recurring news covers quarterly results and conference calls, board-declared cash dividends, brand collaborations such as Chaco product collections, Work Group leadership and product-innovation updates, and marketing technology initiatives involving Merrell and Saucony. Company updates also discuss brand performance, direct-to-consumer trends, gross margin drivers, tariffs, foreign currency and portfolio changes such as the prior Sperry sale.
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.
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.