Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. The company operates through two segments, Wolverine Michigan Group and Wolverine Boston Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots. The company sources, markets, and licenses a range of footwear styles, such as shoes, boots, and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Wolverine, and Stride Rite brands. It also markets Merrell and Wolverine branded apparel and accessories, as well as licenses its brands for use on non-footwear products, including the Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; Wolverine branded eyewear and gloves; and Keds, Saucony, and Sperry branded apparel. In addition, the company markets pigskin leather under the Wolverine Warrior Leather, Weather Tight, and All Season Weather Leathers trademarks for use in the footwear industry. Further, it operates brick and mortar retail stores, and e-commerce sites. The company sells its products to department stores, national chains, catalog and specialty retailers, independent retailers, uniform outlets, and mass merchant and government customers through retail stores, as well as through third-party licensees and distributors. As of January 2, 2021, it operated 97 retail stores, as well as 37 consumer direct e-commerce sites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.
IPO Year:
Exchange: NYSE
Website: wolverineworldwide.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/11/2024 | $21.00 → $29.00 | Hold → Buy | Stifel |
11/8/2024 | $15.00 → $23.00 | Market Perform | Telsey Advisory Group |
10/3/2024 | $22.00 | Neutral → Outperform | Exane BNP Paribas |
8/23/2024 | $18.00 | Overweight | Piper Sandler |
8/8/2024 | $14.00 → $15.00 | Market Perform | Telsey Advisory Group |
8/8/2024 | $20.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
7/19/2024 | $13.00 → $20.00 | Neutral → Buy | UBS |
5/9/2024 | $10.00 → $14.00 | Market Perform | Telsey Advisory Group |
5/6/2024 | $15.00 | Neutral → Buy | Seaport Research Partners |
2/7/2024 | Sector Weight | KeyBanc Capital Markets |
Raises revenue and earnings guidance for fiscal year 2024 Wolverine World Wide, Inc. (NYSE:WWW) today reported financial results for the third quarter ended September 28, 2024. "In the third quarter, we delivered better-than-expected revenue and earnings – led by Merrell and Saucony outpacing our forecast – as we continue to make progress on our plan to turnaround and transform the Company for the future," said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. "We drove another quarter of record gross margin and more than doubled earnings versus last year. Today, we're moving forward with a stronger platform for growth – a rationalized portfolio of authentic br
Wolverine World Wide, Inc. (NYSE:WWW) 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. ABOUT WOLVERINE WORLDWIDE Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world's leading designers, marketers and licensors of branded casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform footwear. The Company's divers
Wolverine World Wide, Inc. (NYSE:WWW) today announced that it expects to report its third quarter fiscal 2024 financial results on Thursday, November 7, 2024, 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. Investors and analysts interested in joining the call are invited to dial 1-800-579-2543 (international callers, please dial 1-785-424-1789) approximately five minutes prior to the start of the call. The conference call will be broadcast live and accessible under "Webcasts & Presentations" in the Investor Relations section of www.wolverineworldwide.com. A recorded
Raises mid-point of guidance range for fiscal year 2024 revenue and earnings Wolverine World Wide, Inc. (NYSE:WWW) today reported financial results for the second quarter ended June 29, 2024. "We delivered better-than-expected revenue and earnings in the second quarter, while continuing to execute our ambitious turnaround plan," said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. "A year ago, we began to take fast and bold actions to build a new and better Company – focused squarely on our consumer and our new global brand-building model. Our team has executed with tremendous pace and urgency, driving substantial progress across the business. We've signifi
Wolverine World Wide, Inc. (NYSE:WWW) 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 November 1, 2024, to stockholders of record on October 1, 2024. The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.40 per share. ABOUT WOLVERINE WORLDWIDE Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world's leading designers, marketers and licensors of branded casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform footwear. The Company's dive
Wolverine World Wide, Inc. (NYSE:WWW) today announced that it expects to report its second quarter fiscal 2024 financial results on Wednesday, August 7, 2024, 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. Investors and analysts interested in joining the call are invited to dial 1-800-579-2543 (international callers, please dial 1-785-424-1789) approximately five minutes prior to the start of the call. The conference call will be broadcast live and accessible under "Webcasts & Presentations" in the Investor Relations section of www.wolverineworldwide.com. A recorde
Current CFO Mike Stornant to Retire Following Transition Wolverine World Wide, Inc. (NYSE:WWW) today announced that it has appointed Taryn Miller as the Company's Chief Financial Officer, effective May 9, 2024. Ms. Miller will report to Chris Hufnagel, the Company's President and Chief Executive Officer and succeed Michael D. Stornant, who will be retiring after nearly 30 years with the Company. Mr. Stornant will continue to work for the Company through early 2025, partnering closely with Ms. Miller to ensure a seamless transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240508353474/en/Taryn Miller, Chief Financial Off
Company reaffirms earnings guidance and updates revenue outlook for full year to reflect recent business model changes Wolverine World Wide, Inc. (NYSE:WWW) today reported financial results for the first quarter ended March 30, 2024. "We delivered better-than-expected revenue and earnings in the first quarter, and we are beginning to see proof points emerge as early validation of our strategy and execution – including record gross margin in the quarter, acceleration in our direct-to-consumer business, improving order trends across our wholesale operations, and a healthier balance sheet," said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. "We're executing
Wolverine World Wide, Inc. (NYSE:WWW) 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 August 1, 2024, to stockholders of record on July 1, 2024. The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.40 per share. ABOUT WOLVERINE WORLDWIDE Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world's leading designers, marketers and licensors of branded casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform footwear. The Company's diverse p
Wolverine World Wide, Inc. (NYSE:WWW) today announced that it expects to report its first quarter fiscal 2024 financial results on Wednesday, May 8, 2024, 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. Investors and analysts interested in joining the call are invited to dial 1-877-300-8521 (international callers, please dial 1- 412-317-6026) approximately five minutes prior to the start of the call. The conference call will be broadcast live and accessible under "Webcasts & Presentations" in the Investor Relations section of www.wolverineworldwide.com. A recorded r
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Stifel upgraded Wolverine from Hold to Buy and set a new price target of $29.00 from $21.00 previously
Telsey Advisory Group reiterated coverage of Wolverine with a rating of Market Perform and set a new price target of $23.00 from $15.00 previously
Exane BNP Paribas upgraded Wolverine from Neutral to Outperform and set a new price target of $22.00
Piper Sandler resumed coverage of Wolverine with a rating of Overweight and set a new price target of $18.00
Telsey Advisory Group reiterated coverage of Wolverine with a rating of Market Perform and set a new price target of $15.00 from $14.00 previously
KeyBanc Capital Markets upgraded Wolverine from Sector Weight to Overweight and set a new price target of $20.00
UBS upgraded Wolverine from Neutral to Buy and set a new price target of $20.00 from $13.00 previously
Telsey Advisory Group reiterated coverage of Wolverine with a rating of Market Perform and set a new price target of $14.00 from $10.00 previously
Seaport Research Partners upgraded Wolverine from Neutral to Buy and set a new price target of $15.00
KeyBanc Capital Markets resumed coverage of Wolverine with a rating of Sector Weight
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The innovative brand reinvents sole construction to deliver 100% more energy return than leading hiking footwear for athleticism, comfort and style ROCKFORD, Mich., Jan. 2, 2025 /PRNewswire/ -- Merrell, the world's leading hiking and outdoor footwear brand, is proud to once again lead the outdoor industry into a new era with the unveiling of the SpeedARC Surge BOA. The SpeedARC Surge BOA introduces an athletic fast hiking sneaker, merging style, fit and engineering for effortless hiking. With the launch, Merrell is introducing the SpeedARC™ midsole system featuring active resp
The brand-building, global leader will support product vision, strategy and innovation ROCKFORD, Mich., Dec. 5, 2024 /PRNewswire/ -- Merrell, the world's leading hiking and outdoor footwear brand, announced it has welcomed Noreen Naroo-Pucci as Chief Product Officer. With a distinguished design career, Naroo-Pucci brings a wealth of creativity, leadership and business acumen to the hike, trail run and lifestyle footwear brand. As a global thinker and executive with multi-cultural experience, Naroo-Pucci will apply her skills to Merrell's expansion as a lifestyle brand. Merrell
Gaughan, 15th-fastest among Trials qualifiers, races in the Saucony Endorphin Elite ROCKFORD, Mich., Dec. 3, 2024 /PRNewswire/ -- Saucony, a global performance running lifestyle brand, has announced that Jackie Gaughan, a competitor in the 2024 U.S. Women's Olympic Marathon Trials, has signed a professional contract with the brand. Gaughan burst onto the sub-2:30 women's marathoning scene at the 2023 Berlin Marathon, securing an Olympic Marathon Trials qualifying mark of 2:27:08 while finishing 2nd American and 18th overall in the women's division. In January, Gaughan ran a pe
The partnership emphasizes how mentorship and outdoor equity can unlock curiosity, aspiration, and empowerment for young individuals ROCKFORD, Mich., Dec. 2, 2024 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, announced it has collaborated on an exclusive design of the brand's modern and innovative Moab Speed 2 in partnership with Big Brothers Big Sisters of America (BBBSA). The partnership supports the crucial need for mentorship and further promotes their shared mission to build confidence, ignite passion for nature, and inspire the journey to our full potential.
ROCKFORD, Mich., Nov. 26, 2024 /PRNewswire/ -- The Work Group of Wolverine World Wide, Inc. (NYSE:WWW) today announced the appointment of industry veteran Mike Maloney as its new Chief Product Officer. Mr. Maloney will spearhead product development, merchandise strategy, and market expansion initiatives for all brands within the Work Group, including Wolverine, CAT Footwear, Bates, Harley-Davidson Footwear, Merrell Work and Hytest. He will report directly to Tom Kennedy, President of the Work Group. Mr. Maloney has more than 19 years of footwear industry experience at prominen
London-based women's activewear brand opens locations in Chicago and Washington, D.C. ROCKFORD, Mich., Nov. 19, 2024 /PRNewswire/ -- Sweaty Betty, the London-based women's activewear brand, is expanding in the U.S. with two new stores in Chicago's Southport neighborhood and Washington, D.C.'s Georgetown area, which opened on November 16 and 18, 2024, respectively. The brand is owned by Wolverine World Wide, Inc. (NYSE:WWW), a global leader in footwear and apparel known for its portfolio of brands including Merrell and Saucony. "We are thrilled to open these new locations in C
ROCKFORD, Mich., Nov. 19, 2024 /PRNewswire/ -- Wolverine®, the 141-year-old boot and clothing company, has joined forces with the beloved Mexican soft drink brand, Jarritos®, to launch a limited-edition boot that's as bold and vibrant as the flavors it celebrates. The Wolverine y Jarritos Trade Wedge boot was developed to honor the hardworking individuals who infuse flavor and passion into their everyday life. Whether you're shredding it at the skatepark or tackling tough tasks on the jobsite, this boot adds a splash of flavor to life's daily adventures. "This partnership has
Revitalized global workspaces help drive the Company's strategic transformation Wolverine World Wide, Inc. (NYSE:WWW) today announced the opening of a new global Innovation Hub on 90 Causeway Street in Boston, Massachusetts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114416993/en/Wolverine Worldwide's new global Innovation Hub is located at 90 Causeway Street in Boston, Massachusetts. (Photo: Business Wire) "Boston is an amazing city with a deep connection to our brands and exceptional design and footwear talent, and we are excited to open our first global Innovation Hub in the heart of downtown," said Chris Hufnagel, P
ROCKFORD, Mich., Nov. 7, 2024 /PRNewswire/ -- Chaco, the outdoor footwear brand born on the river and renowned for its performance sandals, today launched its latest sandal innovation engineered for lightweight comfort. The CushZ Sandal combines comfort, sustainability and lightweight performance for consumers to lighten up life – with the same iconic webbing and adjustability they know, love and expect. Designed with a casual-use lifestyle in mind, the CushZ is made for light-wearing, stylish occasions. The sandal is perfect for dog walks, weekend unwinding, farmers markets o
Raises revenue and earnings guidance for fiscal year 2024 Wolverine World Wide, Inc. (NYSE:WWW) today reported financial results for the third quarter ended September 28, 2024. "In the third quarter, we delivered better-than-expected revenue and earnings – led by Merrell and Saucony outpacing our forecast – as we continue to make progress on our plan to turnaround and transform the Company for the future," said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. "We drove another quarter of record gross margin and more than doubled earnings versus last year. Today, we're moving forward with a stronger platform for growth – a rationalized portfolio of authentic br
The partnership emphasizes how mentorship and outdoor equity can unlock curiosity, aspiration, and empowerment for young individuals ROCKFORD, Mich., Dec. 2, 2024 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, announced it has collaborated on an exclusive design of the brand's modern and innovative Moab Speed 2 in partnership with Big Brothers Big Sisters of America (BBBSA). The partnership supports the crucial need for mentorship and further promotes their shared mission to build confidence, ignite passion for nature, and inspire the journey to our full potential.
ROCKFORD, Mich., Nov. 26, 2024 /PRNewswire/ -- The Work Group of Wolverine World Wide, Inc. (NYSE:WWW) today announced the appointment of industry veteran Mike Maloney as its new Chief Product Officer. Mr. Maloney will spearhead product development, merchandise strategy, and market expansion initiatives for all brands within the Work Group, including Wolverine, CAT Footwear, Bates, Harley-Davidson Footwear, Merrell Work and Hytest. He will report directly to Tom Kennedy, President of the Work Group. Mr. Maloney has more than 19 years of footwear industry experience at prominen
Industry veteran to oversee Merrell, Saucony, and Chaco brands Wolverine World Wide, Inc. (NYSE:WWW) 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, Preside
Seasoned veteran to help expedite the brand's transformative growth, further cultivate a winning culture ROCKFORD, Mich. , June 18, 2024 /PRNewswire/ -- Saucony, a division of Wolverine World Wide, Inc., Inc. (NYSE:WWW) and a leading global performance running and lifestyle brand, has appointed Joy Allen-Altimare as global chief marketing officer, effective immediately. In this role, Allen-Altimare will be responsible for developing and executing Saucony's global branding initiatives, including brand positioning, direct-to-consumer strategies, advertising, digital strategies, international growth initiatives and expansion of the brand's global heritage lifestyle business. Allen-Altimare wil
Wolverine World Wide, Inc. (NYSE:WWW) today announced that Dave Latchana has been appointed Chief Legal Officer and Corporate Secretary, with oversight of the Company's legal, compliance, corporate communications, risk management, ESG and security and loss prevention functions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240430638171/en/Dave Latchana, Chief Legal Officer and Corporate Secretary of Wolverine Worldwide (Photo: Business Wire) Mr. Latchana has been at Wolverine Worldwide for nearly 16 years, joining the Company in 2008 as Corporate Counsel. He then served as Associate General Counsel and Assistant Secretary, work
The leading outdoor brand has strengthened its global trail team with four new athletes in 2024 ROCKFORD, Mich., Jan. 11, 2024 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, announced it has signed ultra-runner Coree Woltering as an athlete in 2024. Woltering is set to join the ranks of Merrell's professional team, bringing his exceptional talent, passion and dedication to the brand. The addition of Woltering reinforces Merrell's dedication to fostering a diverse and dynamic team of athletes who embody the brand's ethos. Woltering will inspire
Industry and company veteran brings decades of supply chain expertise to help advance strategic transformation Wolverine World Wide, Inc. (NYSE:WWW) announced today that it has appointed Bishu Jayaram to serve in the newly-created role of Chief Supply Chain Officer. This position will be responsible for global sourcing, distribution, logistics, and integrated planning – a critical role in driving the Company's ongoing transformation into a consumer-obsessed growth company. Mr. Jayaram, a seasoned executive with over 20 years in supply chain and sourcing roles, has served as Wolverine Worldwide's Senior Vice President of Global Sourcing for the past two years, leading sourcing activities
ROCKFORD, Mich., Nov. 30, 2023 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, has announced the appointment of Pallav Tamaskar as Chief Marketing Officer (CMO), effective November 30, 2023. As CMO, Tamaskar will be responsible for leading Merrell's global marketing strategy, directing the creation of modern and integrated global integrated marketing campaigns, elevating full-funnel media planning, and driving cultural relevance through innovative product collaborations and brand-purpose programming. "Pallav is an innovative leader and talent bui
The public service announcement uses a public experiment to shed light on the impact of mentors on youth ROCKFORD, Mich., Sept. 19, 2023 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, today released a public service announcement in partnership with Big Brothers Big Sisters of America (BBBSA) to address the critical need for mentorship and inspire volunteer sign-ups nationwide. The public service announcement is part of BBBSA's "It Takes Little to be Big" national campaign that launched this past week on Sept. 15. In 2021, BBBSA and Merrell joined forces to form a multi-year partnership that harnesses the power of being outside. O
Company veteran brings decades of omnichannel brand-building experience to drive strategic transformation Wolverine World Wide, Inc. (NYSE:WWW) today announced that its Board of Directors has appointed Christopher E. Hufnagel, President of Wolverine, as President, Chief Executive Officer, and a member of the Board of Directors, effective immediately. Mr. Hufnagel succeeds Brendan L. Hoffman, who is no longer with the Company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230810352737/en/Christopher E. Hufnagel, President & CEO of Wolverine Worldwide (Photo: Business Wire) Mr. Hufnagel joined Wolverine Worldwide in 2008 and ha