Latest news with #WolverineWorldwide
Yahoo
2 days ago
- Business
- Yahoo
Why Is Wolverine Worldwide (WWW) Stock Soaring Today
What Happened? Shares of footwear conglomerate Wolverine Worldwide (NYSE:WWW) jumped 6.7% in the afternoon session after an analyst at Williams Trading raised the price target on the stock and the broader consumer retail sector received a boost from positive economic data. Williams Trading increased its price target on the footwear and apparel company to $25.00 from $21.00, maintaining a "Buy" rating. The analyst cited growing momentum in the company's Active Group, which includes the popular Saucony and Merrell brands. The firm noted that Wolverine is shifting to a "pull model" for these brands faster than expected, which improved the company's outlook. The positive sentiment was reinforced by broader economic news that showed consumer spending remained resilient. A recent report from the U.S. Census Bureau indicated that retail sales rose in June, beating economists' expectations. This suggested that shoppers were still willing to spend on discretionary items, a favorable sign for companies like Wolverine that rely on consumer demand for their products. Is now the time to buy Wolverine Worldwide? Access our full analysis report here, it's free. What Is The Market Telling Us Wolverine Worldwide's shares are very volatile and have had 24 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 5.3% after ew economic data showed unexpected strength in the U.S. economy. The positive sentiment across Wall Street came after a Commerce Department report showed U.S. retail sales rose a better-than-expected 0.6% in June, signaling resilient consumer spending despite concerns over tariffs. For a consumer discretionary company like Wolverine, which owns footwear and apparel brands such as Merrell, Saucony, and Hush Puppies, signs of a strong consumer are particularly encouraging. Robust consumer spending can translate directly into higher sales, supporting the stock's upward movement in line with the overall market trend. The positive data helped ease investor fears about a potential recession, boosting stocks across various sectors. Also, the second quarter (2025) earnings season got off to a strong start. Quarterly earnings reports released during the week exceeded Wall Street's expectations, fueling investor confidence. Around 50 S&P 500 components reported, with 88% of those exceeding analysts' expectations, FactSet data revealed. Wolverine Worldwide is up 2.1% since the beginning of the year, and at $23.09 per share, it is trading close to its 52-week high of $24.25 from December 2024. Investors who bought $1,000 worth of Wolverine Worldwide's shares 5 years ago would now be looking at an investment worth $983.81. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Business Wire
2 days ago
- Business
- Business Wire
Wolverine Worldwide Announces Second Quarter Fiscal 2025 Conference Call for August 6, 2025
ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its second quarter fiscal 2025 financial results on Wednesday, August 6, 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. Investors and analysts interested in joining the call are invited to dial 1-800-715-9871 (international callers, please dial 1-646-307-1963) 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 A recorded replay of the call will be available shortly after the conclusion of the call and remain available until August 13, 2025. To access the telephone replay, dial 1-800-770-2030 (international callers, please dial 1-609-800-9909). The access code for the replay is 9927992. 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 portfolio includes Merrell®, Saucony®, Sweaty Betty®, Hush Puppies®, Wolverine®, Chaco®, Bates®, HYTEST®, and Stride Rite®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 140 years, the Company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. Wolverine Worldwide is a Great Place to Work® Certified™ company. For additional information, please visit our website,
Yahoo
17-07-2025
- Business
- Yahoo
Why Is Wolverine Worldwide (WWW) Stock Rocketing Higher Today
What Happened? Shares of footwear conglomerate Wolverine Worldwide (NYSE:WWW) jumped 5.3% in the afternoon session after new economic data showed unexpected strength in the U.S. economy. The positive sentiment across Wall Street came after a Commerce Department report showed U.S. retail sales rose a better-than-expected 0.6% in June, signaling resilient consumer spending despite concerns over tariffs. For a consumer discretionary company like Wolverine, which owns footwear and apparel brands such as Merrell, Saucony, and Hush Puppies, signs of a strong consumer are particularly encouraging. Robust consumer spending can translate directly into higher sales, supporting the stock's upward movement in line with the overall market trend. The positive data helped ease investor fears about a potential recession, boosting stocks across various sectors. Also, the second quarter (2025) earnings season got off to a strong start. Quarterly earnings reports released during the week exceeded Wall Street's expectations, fueling investor confidence. Around 50 S&P 500 components reported, with 88% of those exceeding analysts' expectations, FactSet data revealed. After the initial pop the shares cooled down to $20.37, up 4.6% from previous close. Is now the time to buy Wolverine Worldwide? Access our full analysis report here, it's free. What Is The Market Telling Us Wolverine Worldwide's shares are very volatile and have had 25 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was about 1 month ago when the stock dropped 5.2% after the major indices pulled back (Nasdaq -1.3%, S&P 500 -1.1%) as Israel carried out significant strikes on Iranian nuclear and military sites, dramatically escalating fears of a broader conflict in the Middle East. Wolverine Worldwide is down 9.9% since the beginning of the year, and at $20.37 per share, it is trading 16% below its 52-week high of $24.25 from December 2024. Investors who bought $1,000 worth of Wolverine Worldwide's shares 5 years ago would now be looking at an investment worth $915.05. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Business Wire
08-07-2025
- Business
- Business Wire
Wolverine Worldwide Appoints Cheryl Abel-Hodges and Jack Boyle to its Board of Directors
BUSINESS WIRE)-- Wolverine World Wide, Inc 'We are thrilled to welcome Cheryl and Jack to the Board,' said Tom Long, Chairman of the Board for Wolverine Worldwide. 'They have extensive experience in merchandising, brand management, and omnichannel retail, and have demonstrated the ability to lead organizations through high growth periods. I am confident their vast experience leading brands, building teams, and focusing on consumers will contribute significantly to our Board and Company.' Ms. Abel-Hodges, 61, since 2023 has served as the Chief Executive Officer of Tommy John, Inc., a comfort-focused lifestyle brand. Prior to this, she served as Chief Executive Officer of the Calvin Klein brand at PVH Corp., and previously held executive leadership roles including group president of Calvin Klein North America and The Underwear Group, where she led the brand's North American wholesale and retail businesses. She earned a bachelor's degree from the University of Albany and also serves on the Board of Directors of Haworth, Inc. Mr. Boyle, 57, recently retired from Fanatics Holdings, Inc., a global digital sports and fan gear platform, where he served as President of Buying and North America of Fanatics Commerce. In this role he oversaw the strategic direction of merchandising and vendor management across all direct-to-consumer channels for over 900 sports partnerships. Prior to Fanatics, he spent over a decade at the Kohl's Corporation in various merchandising leadership positions, and a decade in merchandising at Famous-Barr, a division of The May Department Stores Company. He holds a bachelor's degree from the University of Missouri, and also sits on the Board of Directors of Destination XL Group, Inc. 'Cheryl and Jack are tremendous additions to our Board – their knowledge and experiences will provide invaluable insight and counsel as we continue to build our global brands,' said Chris Hufnagel, President, Chief Executive Officer, and a Director of Wolverine Worldwide. 'The most important chapter is the next one as we pursue our vision to Make. Every Day. Better. for our consumers, customers, partners, team, and shareholders.' 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 portfolio includes Merrell®, Saucony®, Sweaty Betty®, Hush Puppies™, Wolverine®, Chaco®, Bates®, HYTEST®, and Stride Rite®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 140 years, the Company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. For additional information, please visit our website,
Yahoo
24-06-2025
- Business
- Yahoo
Wolverine Rolls Out New Made-in-America Program for Work Boots as Tariffs Persist
As tariffs continue to weigh heavily on the footwear industry, Wolverine Worldwide's namesake boot brand is leaning into made-in-America product. But according to Mike Maloney, chief product officer for Wolverine Worldwide's Work Group, the program was planned before President Trump took office for his second term and ramped up tariffs again. More from WWD Cat Footwear Releases 100th Anniversary Boot Collection Inspired by Major Moments in History Wolverine and Country Star Jordan Davis Are Giving 8 Skilled Trade Businesses $7K, Concert Tickets + More New Balance Is Bringing Back This Fan-Favorite Sneaker Which Only Comes Out Every 5 Years 'I started at Wolverine back in the fourth quarter and the plans for this program were already in the works,' Maloney told FN in an interview. 'Making shoes in any new facility takes a long time, so we've been in development.' And even though Wolverine may have planned ahead, this new program, which sees the brand working with a production facility in Texas to manufacture a range of work boots, still comes at a time when footwear manufacturers are looking for ways to skirt tariffs imposed by the Trump administration. In fact, in the company's first quarter 2025 earnings call in May, president and chief executive officer of Wolverine Worldwide Chris Hufnagel told analysts that he is 'optimistic' amid the ongoing tariff dispute as the company has been working since the pandemic to diversify its sourcing. Hufnagel noted that six years ago, nearly 40 percent of products sold in the U.S. by the company were sourced from China. This year, the company expects that to be just high single digits, primarily within its Work Group brands like its namesake line Wolverine boots. '[In 2025], less than 10 percent of our products are now expected to be sourced from China, down from the mid-teens just earlier this year,' the CEO said at the time. 'We're targeting to push this down to near zero in 2026.' And this new program, while small, still helps with that sourcing goal. The company's first product to launch from its new partner facility in Texas is the Workshop Wedge boot. Debuting on Tuesday, the boot uses both domestic and globally sourced materials and features a Goodyear Welt construction that can be re-soled repeatedly, as well as a PU wedge sole for sturdiness and cushioning. As for the price, Maloney told FN that the new USA-built shoe will retail for $249.95 and will be available exclusive in the brand's direct-to-consumer channel. 'Our price is in-line with similar USA-built products,' the executive said. 'And if you were to compare it against another wedge-based program that isn't made in America in our line, you're talking around a $75 or sometimes $100 increase, which is fair.' In addition to the USA-built Workshop Wedge, Maloney noted that this isn't the brand's first foray into made in America footwear as Wolverine's signature 1000 Mile Collection is still handcrafted in Arkansas. Looking ahead, Maloney expects to see other brands in the company's Work Group portfolio to launch similar USA-built styles in the coming years. 'There are several products from multiple brands in our portfolio on this USA build platform that we're in testing moments right now to get it the line ready,' he said. 'There are several inspections and safety standards you have to pass for work boots like these, so we are just making sure everything is aligned before we release. But more to come!' This new project comes as the Rockford, Mich.-based footwear company said in May that total revenue in the first quarter of 2025 was $412.3 million, up 4.4 percent from $394.9 million the same time last year. Ongoing total revenue in Q1 – which excludes the results of the Sperry business, which was sold in January 2024 – was also $412.3 million, an increase of 5.5 percent from $390.8 million the prior year period. Looking ahead, the company said it expects to see 'continued momentum' as it moves into the second quarter. Revenue in Q2 is expected to be approximately $440 million to $450 million, representing growth of approximately 3.7 percent to 6.0 percent compared to the second quarter of 2024. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
