Wolverine World Stock Price, News & Analysis

Saucony, a global performance running lifestyle brand, has announced the launch of the -edition Black Girls RUN! x Saucony Endorphin Speed 4 running shoe. This marks Saucony's first footwear collaboration with Black Girls RUN! (BGR!) as part of their multi-year partnership. The shoe will be available for presale at the BGR! Sweat With Your Sole Conference 2024 from September 5-7 in Chicago, with a full release on September 16 at saucony.com and select Fleet Feet locations.

The BGR! x Saucony Endorphin Speed 4 features BGR!'s signature hot pink and black colorway and incorporates Saucony's award-winning technology, including SPEEDROLL™, PWRRUN PB™, and an engineered plate. Priced at $170.00, the shoe is available in women's sizes 5-13 and comes with a custom keychain and string bag.

Wolverine, established 141 years ago, has unveiled the DuraShocks® SR Icon 6" Work Boot, reinforcing its dedication to performance comfort. The new boot, part of the DuraShocks® franchise, emphasizes stability, comfort, and safety. Key features include increased PU in the midsole for enhanced support, a lightweight CarbonMAX® toe, and WaterproofPlus technology for dry feet. Available in various styles, including safety-toe, soft-toe, and different heights, the DuraShocks SR Icon is now offered nationwide and on wolverine.com.

Wolverine Worldwide (NYSE: WWW) reported better-than-expected Q2 2024 revenue and earnings, prompting a raise in the mid-point of fiscal year 2024 guidance. Key highlights include:

- Ongoing total revenue of $424.8 million, down 18.4% year-over-year
- Gross margin improved to 43.1%, up 440 basis points
- Adjusted diluted EPS of $0.15, down 21.1% from $0.19 in Q2 2023
- Inventory reduced by 54.1% to $297.1 million
- Net debt decreased by $271 million to $666 million

For FY2024, WWW expects:
- Revenue of $1.71-$1.73 billion
- Gross margin of 44.5%
- Adjusted operating margin of 7.4%
- Adjusted diluted EPS of $0.75-$0.85

Wolverine, the 141-year-old boot and clothing company, has partnered with Metallica Scholars for the fifth time to launch a -edition collection supporting skilled trades workers. The centerpiece is the Wolverine x Metallica Scholars Rancher Boot, retailing at $169.95, which features a western silhouette with custom skull artwork. Half of the proceeds from this collection will benefit Metallica Scholars, an initiative of Metallica's All Within My Hands foundation.

The collection also includes apparel and accessories such as a trucker hat, t-shirt, bandana, and socks. This collaboration aims to address the critical shortage in the skilled labor workforce and support the next generation of skilled workers. The -edition collection is now available on wolverine.com.

Wolverine World Wide (NYSE: WWW) has declared a quarterly cash dividend of $0.10 per share of common stock. The dividend is payable on November 1, 2024, to stockholders of record on October 1, 2024. This dividend maintains the same level as the previous quarter, indicating an annual dividend of $0.40 per share. The consistent dividend payout demonstrates the company's commitment to providing regular returns to its shareholders, potentially signaling confidence in its financial stability and future prospects.

Wolverine, the 141-year-old boot and clothing company, has launched a -edition Wolverine x University of Michigan Team #144 Commemorative 1000 Mile Boot. This special edition boot celebrates the Wolverines' 2023 College Football Playoff National Championship victory. Crafted in the USA, the boot features premium qualities of Wolverine's 1000 Mile collection, along with unique details honoring Team #144:

• Custom 144 foil-stamp
• Block M tongue label and debossed heel
• Blue leather with maize stitching
• Vibram tap sole
• Commemorative leather hangtag keychain

The -edition boots are available for purchase at $500 on wolverine.com.

Wolverine World Wide (NYSE: WWW) has announced its upcoming second quarter fiscal 2024 financial results conference call, scheduled for August 7, 2024. The company will release its financial results at approximately 6:30 a.m. ET, followed by a conference call at 8:30 a.m. ET to discuss the results and current business trends.

Investors and analysts can join the call by dialing 1-800-579-2543 (or 1-785-424-1789 for international callers). The call will also be broadcast live on the company's website under the Investor Relations section. A recorded replay will be available until September 7, 2024, accessible by dialing 1-844-512-2921 (or 1-412-317-6671 for international callers) with the access code 11156544.

Saucony has launched the redesigned Hurricane 24, featuring an innovative dual-cushioning system combining PWRRUN PB and PWRRUN foams for exceptional comfort and protection. This max-cushioned trainer includes CenterPath Technology, offering a broader platform, higher sidewalls, and a rocker shape to guide the runner's stride. The shoe also features a breathable mesh upper and adaptive lacing for a secure fit.

Available from July 1 on saucony.com and select retailers, the Hurricane 24 is priced at $160 and comes in various sizes for men and women. The shoe is vegan and made with recycled materials, emphasizing sustainability. Chief Product Officer Brian Moore highlights its suitability for various activities, from long runs to everyday comfort, marking the return of Saucony's most cushioned trainer after a two-year hiatus.

Saucony has announced that its sponsored athlete, Canadian Olympian Malindi Elmore, will wear the new Endorphin Elite 2 shoes during the upcoming marathon in Paris. The Endorphin Elite 2 features a cutting-edge foam designed to enhance athletic performance. Elmore, a seasoned athlete with three Olympic appearances, recently won the Canadian 10km Championships at age 44, wearing these innovative shoes. The Endorphin Elite 2 will be available for purchase on July 1, 2024, at 10:00 am EST on saucony.com, with a global launch planned for Spring 2025 at select retailers.