Wolverine World Wide, Inc. is the issuer named in this Form 144 notice reporting a proposed sale of common stock on the NYSE. The filer reports 53,079 shares to be sold through Merrill with an aggregate market value of $1,441,649 against 81,254,351 shares outstanding, and lists an approximate sale date of 08/08/2025. The securities scheduled for sale were acquired through multiple restricted stock vesting events recorded between 02/09/2022 and 08/02/2025, with individual vesting lots shown in the filing. The filing states there were no securities sold by the person in the past three months. Several recent vesting lots (for example, 14,652 shares on 10/30/2024 and 8,121 shares on 02/09/2025) are listed as sources of the shares to be sold.
Wolverine World Wide (NYSE: WWW) reported a solid Q2 FY25 turnaround. Revenue rose 11.5% YoY to $474.2 million, driven by 16% growth in the Active Group (Merrell, Saucony, Sweaty Betty) and mid-single-digit gains in Work. Gross profit expanded 22% to $224.0 million and gross margin improved 410 bp to 47.2% as pricing, mix and lower close-out sales offset modest cost inflation. SG&A grew 9% but remained below the sales growth rate; combined with the absence of last year’s $3.2 million impairment charge, operating profit advanced 40% to $40.7 million. Net income attributable to WWW doubled to $26.8 million and diluted EPS climbed to $0.32 from $0.17.
Year-to-date revenue is up 8.1% to $886.5 million and EPS swung to a $0.45 profit versus a $0.01 loss in 1H FY24. Cash used in operations widened to $39.2 million, reflecting a $68.3 million inventory build tied to upcoming peak shipping periods. Inventories ended the quarter at $316.0 million (+6.4% YoY). Total debt fell $106 million YoY to $708.5 million, aided by repayment of revolving credit balances, while shareholders’ equity increased 32% to $357.0 million. The company closed the sale of Sperry, recorded $22 million of China JV proceeds and continues to remediate legacy PFAS liabilities (environmental reserve: $34.8 million).
- Q2 operating margin: 8.6% vs. 6.8%
- Interest expense: $8.5 million, down 29%
- Cash & equivalents: $141.0 million
- Dividend maintained at $0.10 per share
Management reiterates its focus on gross margin expansion, debt reduction and brand-led growth, but near-term cash flow is pressured by working-capital needs and environmental payments.