Wolverine World Wide is a leading footwear and apparel company known for designing, manufacturing, and marketing a diverse range of branded products
The company specializes in outdoor and work footwear, catering to various consumer segments including outdoor enthusiasts, athletes, and professionals requiring durable and functional footwear. With a portfolio of well-known brands that emphasize performance and style, Wolverine World Wide focuses on innovation and sustainability, ensuring their products meet the evolving needs of customers. The brand is also committed to maintaining strong relationships with their retail partners and expanding their global presence in the competitive footwear market.
Footwear conglomerate Wolverine Worldwide (NYSEWWW) announced better-than-expected revenue in Q4 CY2024, with sales up 3% year on year to $494.7 million. On the other hand, the company’s full-year revenue guidance of $1.81 billion at the midpoint came in 2.2% below analysts’ estimates. Its non-GAAP profit of $0.42 per share was in line with analysts’ consensus estimates.
In the final table with first header "2025 GUIDANCE RECONCILIATION TABLES," the figure in the second row "Gross Margin - Fiscal 2025 Full Year" in both the first column "GAAP Basis" and third column "As Adjusted" should be 45.5 % (instead of 44.5 %).
Wolverine World Wide, Inc. (NYSEWWW) today announced the appointment of Brett Parent as Chief Strategy Officer, effective February 3, 2025. In this newly created role, Mr. Parent will be responsible for developing and driving the Company’s enterprise strategy, along with assessing growth opportunities for the Company’s brand portfolio across a global footprint spanning 170 countries and territories. In addition to leading the Strategy function and team, Mr. Parent will also oversee the Company’s Consumer Marketing team – responsible for supporting enterprise-wide eCommerce growth initiatives across the portfolio. He will continue reporting directly to Chris Hufnagel, President and CEO of Wolverine Worldwide, and serve on the Company’s Executive Team.
Wolverine World Wide, Inc. (NYSEWWW) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock. The dividend is payable on May 1, 2025, to stockholders of record on April 1, 2025. The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.40 per share.
Wolverine World Wide, Inc. (NYSEWWW) today announced that it expects to report its fourth quarter and full year fiscal 2024 financial results on Wednesday, February 19, 2025, at approximately 6:30 a.m. ET. Following the press release, the Company will host a conference call at 8:30 a.m. ET to review results and discuss current business trends.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at footwear stocks, starting with Wolverine Worldwide (NYSEWWW).
The past six months have been a windfall for Wolverine Worldwide’s shareholders. The company’s stock price has jumped 52.6%, hitting $22.10 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how footwear stocks fared in Q3, starting with Genesco (NYSEGCO).
Footwear, apparel, and accessories retailer Genesco (NYSEGCO)
will be announcing earnings results tomorrow before market open. Here’s what investors should know.
The hottest markets following the Fed's 25 basis point rate cut weren't big tech but the small caps, confirming the sector rotation which began over the summer.
Footwear conglomerate Wolverine Worldwide (NYSEWWW) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell 7% year on year to $440.2 million. The company expects the full year’s revenue to be around $1.74 billion, close to analysts’ estimates. Its non-GAAP profit of $0.29 per share was also 34.2% above analysts’ consensus estimates.
Wolverine World Wide, Inc. (NYSEWWW) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock. The dividend is payable on February 3, 2025, to stockholders of record on January 2, 2025. The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.40 per share.
Wolverine World Wide, Inc. (NYSEWWW) today announced the appointment of Susie Kuhn as President of the Company’s Active Group, effective October 28, 2024. Ms. Kuhn will be responsible for leading successful brand strategies, executing consumer-focused go-to-market plans, and driving commercial performance for Wolverine Worldwide’s Active Group – which includes the Merrell, Saucony, and Chaco brands. The Collective – the Company’s recently created center-of-excellence focused on enabling our brands with consumer insights, trend, and innovation – will also report into Ms. Kuhn. She will report directly to Chris Hufnagel, President and CEO of Wolverine Worldwide, and serve on the Company’s Executive Team.
