Wolverine World Stock Price, News & Analysis

Saucony, a division of Wolverine World Wide (NYSE: WWW), has signed Jackie Gaughan, a 2024 U.S. Women's Olympic Marathon Trials qualifier, to a professional contract. Gaughan achieved a qualifying mark of 2:27:08 at the 2023 Berlin Marathon, finishing as the 2nd American. The 24-year-old Boston-based athlete has been racing in Saucony's Endorphin Elite shoes, including during her Berlin performance and at the Houston Half Marathon where she set a personal best of 1:10:01. While pursuing her athletic career, Gaughan also works full-time as a financial analyst.

Merrell, a leading outdoor footwear brand, has partnered with Big Brothers Big Sisters of America (BBBSA) to launch a -edition Moab Speed 2 hiking shoe. The collaboration features a unique green and black design inspired by a Merrell team member who volunteers as a mentor. The unisex shoe will retail for $140 on Merrell.com, with $10 from each sale being donated to BBBSA. This partnership aims to promote mentorship and outdoor equity, supported by data showing that 90% of BBBSA program participants report feeling healthier and happier in nature, while 79% experienced increased self-confidence.

Wolverine World Wide (NYSE: WWW) has appointed Mike Maloney as Chief Product Officer of its Work Group. Maloney brings 19 years of footwear industry experience from companies including Adidas, Under Armour, Columbia Sportswear, and Designer Brands. He will oversee product development, merchandise strategy, and market expansion for brands including Wolverine, CAT Footwear, Bates, Harley-Davidson Footwear, Merrell Work and Hytest. Reporting to Work Group President Tom Kennedy, Maloney's expertise spans merchandising, product development, design, and marketing. His appointment aims to strengthen the company's portfolio approach and expand into adjacent categories, particularly lifestyle.

Sweaty Betty, the London-based women's activewear brand owned by Wolverine World Wide (NYSE: WWW), announces expansion with two new U.S. stores in Chicago's Southport neighborhood and Washington, D.C.'s Georgetown area, opened on November 16 and 18, 2024. The brand is also growing in the United Kingdom with new locations in Cardiff and Westfield London, bringing its UK store count to 85. The new U.S. stores will feature Sweaty Betty's premium activewear collection, combining feminine design with technical performance.

Wolverine and Jarritos have collaborated to launch a -edition Trade Wedge boot that combines workwear functionality with Mexican soft drink brand aesthetics. The boot features premium full-grain leather and canvas upper, oil and slip-resistant rubber outsole, and comes in Jarritos' signature lime and mandarin colors.

The collaboration aims to honor hardworking individuals while celebrating Mexican culture and heritage. Each pair includes a custom bottle opener and two sets of laces in Jarritos Mandarin and classic black. The -edition boot is available at wolverine.com/jarritos and select WSS retailers nationwide.

Wolverine Worldwide (NYSE: WWW) has opened a new 11,000-square-foot global Innovation Hub in Boston, Massachusetts. The facility will host design, development, and merchandising teams, including Saucony product team members. This opening follows recent workspace launches in Zhuhai, China, Hong Kong, and London's King's Place for the Sweaty Betty brand. The company is also renovating its Michigan headquarters, with new environments for Merrell and Saucony planned for Spring 2025. These workspace initiatives aim to foster creativity, collaboration, and innovation while attracting and retaining talent.

Chaco, a division of Wolverine Worldwide (NYSE: WWW), has launched the new CushZ Sandal, a lightweight comfort-focused footwear innovation. Priced at $80, the sandal weighs 50% less than the Z/1 Classic model and features an ultra-comfortable footbed with padded mesh collar. The CushZ is designed for casual use and incorporates REPREVE® recycled webbing made from recycled bottles. The product is certified by the American Podiatric Medical Association and maintains Chaco's signature adjustability features while focusing on sustainability and comfort.

Wolverine Worldwide (NYSE: WWW) reported Q3 2024 financial results above guidance, with total revenue at $440.2M, down 16.6% year-over-year. The company achieved record gross margin of 45.3%, up 450 basis points, and doubled earnings with diluted EPS of $0.28. Merrell and Saucony brands outperformed expectations, while inventory decreased 49.4% to $285.5M. The company raised its full-year 2024 guidance, now expecting revenue of $1.730-1.745B and adjusted diluted EPS of $0.80-0.90.

Wolverine World Wide (NYSE: WWW) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.10 per share of common stock. The dividend will be paid on February 3, 2025, to stockholders recorded as of January 2, 2025. This quarterly payment maintains the previous dividend level and indicates an annual dividend of $0.40 per share.