Wolverine World Wide Inc.
 (WWW)

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  • Mon, Feb. 8, 11:22 AM
    • NPD Group reports the U.S. athletic footwear industry grew 8% last year to $17.2B.
    • Unit sales were up 3%, while the average selling price of a pair of athletic footwear rose over 5%.
    • In an interesting category trend, running and basketball cooled off a bit, while casual accelerated. Hot demand for retro lifted growth in the classics category to 30% for the year.
    • Looking ahead, NPD analyst Matt Powell expects growing interest in social fitness (class-based fitness, shared activities, Planet Fitness (NYSE:PLNT), SoulCycle (Pending:SOULC)) to help keep demand strong in athletic footwear.
    • Related shoe stocks: DSW, SHOO, FINL, FL, UA, SCVL, UA, NKE, OTCQX:ADDYY, DECK, WWW, SKX.
    | Mon, Feb. 8, 11:22 AM | 2 Comments
  • Tue, Jan. 26, 10:31 AM
    • Shoe stocks are off and running today as investors rush back into some favorite names.
    • Deckers Outdoor (DECK +3.7%), Wolverine Worldwide (WWW +2.7%), Skechers (SKX +2.4%), Columbia Sportswear (COLM +2.5%), and Crocs (CROX +1.4%) are notable gainers.
    • Though a positive BAML note on Foot Locker could be factoring in a bit, it's NPD data showing a strong month for athletic footwear sales (volume +10%, prices +3%) in December that's really stirring up interest.
    • Nike's (NKE +0.1%) hanging back a bit from the rally, with a higher exposure to China a potential factor.
    | Tue, Jan. 26, 10:31 AM
  • Mon, Jan. 11, 10:09 AM
    • Shoe stocks are under pressure after channel checks on pricing add a new layer of worry.
    • Trading lower in morning action are Crocs (CROX -3.2%), Deckers Outdoor (DECK -2.1%), Wolverine Worldwide (WWW -2.4%), Steven Madden (SHOO -2.1%), Skechers (SKX -0.6%), Columbia Sportswear (COLM -2.8%), and VF Corp (VFC -2.6%).
    • Under Armour just dipped below $70 after being as high as $105 in October.
    • The panicky trading isn't encapsulating sector giant Nike (NKE +0.8%) or the Adidas (OTCQX:ADDYY +3.3%) ADRs.
    • Previously: Under Armour slides as new footwear pricing concerns crop up (Jan. 11 2016)
    | Mon, Jan. 11, 10:09 AM | 2 Comments
  • Wed, Jan. 6, 8:37 AM
    • Piper Jaffray reduces its price target on Wolverine Worldwide (NYSE:WWW) to $16 to account for the elevated level of boot inventory the company will need to clear.
    • The investment firm sets its Q4 EPS estimate on Wolverine at $0.29 vs. $0.31 consensus. Wolverine is scheduled to report on February 16.
    • Shares of Wolverine are down over 50% from their 52-week high of $35.20.
    | Wed, Jan. 6, 8:37 AM | 1 Comment
  • Dec. 19, 2015, 10:41 AM
    • Total U.S. athletic footwear point-of-sales rose 10.7% Y/Y for the week ending December 12, according to data from Sportscan.
    • Unit sales were up 5.7%, while the average selling price increased 4.7% during the week. Both marks easily top growth rates across broad retail.
    • Sales in the basketball category were up 20% from the corresponding week a year ago. Nike (NYSE:NKE), Adidas (OTCQX:ADDYY), and Under Armour (NYSE:UA) are the dominate basketball players, while Foot Locker (NYSE:FL) and Finish Line (NASDAQ:FINL) are thriving selling channels. On a side note, Finish Line's website was queuing visitors this morning due to heavy traffic.
    • The casual athletic footwear category was up even hotter than basketball with a 32% pop. Wolverine Worldwide (NYSE:WWW) and Skechers (NYSE:SKX) are likely to have scored a lot of that action. Nike's Converse brand is also a major force in casual athletic. Sales of the iconic Chuck Taylor line have almost doubled over the last five years to top $2B.
    • Running shoes sales increased 7.6% during the key week.
    • Sector leader Nike reports earnings on December 22. A strong read on futures orders could resonate across the industry.
    • Previously: Confidence in Nike ahead of earnings week (Dec. 18)
    | Dec. 19, 2015, 10:41 AM | 25 Comments
  • Dec. 9, 2015, 4:32 PM
    • Wolverine World Wide (NYSE:WWW) declares $0.06/share quarterly dividend, in line with previous.
    • Forward yield 1.36%
    • Payable Feb. 1; for shareholders of record Jan. 4; ex-div Dec. 30.
    | Dec. 9, 2015, 4:32 PM
  • Dec. 4, 2015, 1:37 PM
    • Investors are buying back into consumer staples and consumer discretionary names, while tip-toeing around major chains such as Wal-Mart, Target, Best Buy, and Macy's. Some sin stocks are part of the rally.
    • Lower oil prices, today's read on U.S. employment, and a few key earnings report have helped to increase confidence that consumers will spend more on low-priced items. Notable movers by category are below.
    • Nondurable household products: Scott's Liquid Gold-Inc (OTCPK:SLGD +4.5%), Procter & Gamble (PG +2.5%), Church & Dwight (CHD +1.6%), Spectrum Brands (SPB +1.4%).
    • Toys/Video games: Electronic Arts (EA +4.6%), Mattel (MAT +4.3%), Activision Blizzard (ATVI +3.2%).
    • Tobacco: Reynolds America (RAI +3.1%), Altria (MO +2.5%).
    • Beverages: Brown-Forman (NYSE:BF.A) +3.2%, Constellation Brands (STZ +2.8%), Coca-Cola (KO +2.3%), PepsiCo (PEP +2%).
    • Footwear: Nike (NKE +2.6%), Skechers (SKX +1.9%), Wolverine Worldwide (WWW +2.2%).
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, IYK, IYC, FXD, FDIS, SCC, UCC, RCD, PMR, UGE, SZK, BITE
    | Dec. 4, 2015, 1:37 PM | 15 Comments
  • Nov. 20, 2015, 10:09 AM
    • Strong earning reports from Foot Locker (FL +7.9%), Hibbett Sports (HIBB +4.7%), Sportsman's Warehouse Holdings (SPWH +19.6%) seem to be reverberating around the sportswear/footwear sector.
    • Lululemon (LULU +5.3%), Big Five Sporting Goods (BGFV +2.4%), Skechers (SKX +4.4%), Columbia Sportswear (COLM +4.1%), Under Armour (UA +3.6%), V.F. Corp (VFC +1.7%), Steven Madden (SHOO +3.5%), Crocs (CROX +2.2%), and Wolverine Worldwide (WWW +3.3%) are all solidly higher.
    • Cabela's (CAB +7.2%) is higher off more merger speculation, while Nike (NKE +5%) gave investors plenty of reasons to smile last night on the buybacks and dividend front.
    • Dick's Sporting Goods (DKS -0.2%) hasn't joined the sportswear party quite yet as the company's large retail footprint continues to dampen enthusiasm.
    | Nov. 20, 2015, 10:09 AM | 3 Comments
  • Oct. 20, 2015, 9:32 AM
    • Wolverine Worldwide (WWW -2.8%) trades lower after cutting full-year guidance as it continues to face some punishing trends.
    • The company now sees FY15 EPS of $1.44-$1.47 vs. $1.53-$1.60 prior and $1.48 consensus.
    • Wolverine Worldwide reported a gross margin rate of 40.0% in Q3 - level with last year's mark.
    • Previously: Wolverine World Wide EPS in-line, misses on revenue (Oct. 20 2015)
    • Previously: More on Wolverine World Wide's Q3 (Oct. 20 2015)
    | Oct. 20, 2015, 9:32 AM
  • Oct. 20, 2015, 6:45 AM
    • Wolverine World Wide (NYSE:WWW) reports revenue declined 1.7% on a constant currency basis.
    • Revenue break-up: Lifestyle: $250.6M (-9.8%); Performance: $249.1M (-3.1%); Heritage: $150.2M (-0.7%); Other: $29M (+16.9%).
    • Gross margin rate flat Y/Y at 40%.
    • Adjusted operating margin rate fell 190 bps to 11.9%.
    • FY2015 Guidance: Revenue: $2.69B to $2.71B; Diluted EPS: $1.28 to $1.31; Adjusted EPS: $1.44 to $1.47.
    • Q3 results
    | Oct. 20, 2015, 6:45 AM
  • Oct. 20, 2015, 6:32 AM
    • Wolverine World Wide (NYSE:WWW): Q3 EPS of $0.48 in-line.
    • Revenue of $678.9M (-4.5% Y/Y) misses by $2.36M.
    | Oct. 20, 2015, 6:32 AM
  • Oct. 19, 2015, 5:30 PM
  • Oct. 14, 2015, 7:51 AM
    • Piper Jaffray is out with its latest survey on the brand preferences of teenagers.
    • Steven Madden (NASDAQ:SHOO) grabbed more "mindshare" from upper-income females amid an overall stable performance. Piper reiterates SHOO with an Overweight rating, but slides its price target to $44 from $47.
    • Wolverine Worldwide (NYSE:WWW) is given a price target cut to $19 following the read on teenagers.
    • Nike (NYSE:NKE) dazzled again in the teen survey, with its brand at the very top in several key categories.
    • There's a "cautiously optimistic" view on Skullcandy (NASDAQ:SKUL) from PJ after taking in the results. SKUL is reiterated at Overweight and assigned a PT of $10.
    | Oct. 14, 2015, 7:51 AM | 2 Comments
  • Sep. 17, 2015, 10:41 AM
    | Sep. 17, 2015, 10:41 AM
  • Aug. 13, 2015, 10:41 AM
    • Shoe stocks are higher on what's been a slightly down day for broad market averages so far.
    • Though a number of factors could be in play - including today's retail sales report and more earnings reports citing strong shoe demand - there's also a sneaky suspicion with some retail analysts that shoe companies are the somewhat forgotten F/X hedge with many of their labor costs overseas.
    • Gainers: Under Armour (UA +1.7%), Skeckers (SKX +3.7%), Nike (NKE +0.9%), Steven Madden (SHOO +1.2%), Crocs (CROX +1.9%), Deckers Outdoor (DECK +1.4%), Wolverine World Wide (WWW +1.3%), and Columbia Sportswear (COLM +1.7%).
    • Previously: Nike riding high in 'golden age' of sneakers (Aug. 08 2015)
    | Aug. 13, 2015, 10:41 AM | 3 Comments
  • Aug. 12, 2015, 4:27 PM
    • The Panama Canal Authority plans to restrict the amount of cargo ships will be allowed to carry through the canal beginning on September 8.
    • The action is a result of the low level of water in Gatun Lake and Alajuela Lake resulting from this year's El Nino phenomenon.
    • Citigroup has its eyes on the development, noting retailers with potential exposure this fall to reduced shipping to East Coast ports include Carter's (NYSE:CRI), Columbia Sportswear (NASDAQ:COLM), Wolverine Worldwide (NYSE:WWW), Staples (NASDAQ:SPLS), and Steve Madden (NASDAQ:SHOO).
    • Panama Canal Advisory (.pdf)
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK
    | Aug. 12, 2015, 4:27 PM | 1 Comment
Company Description
Wolverine World Wide Inc is a designer, manufacturer and marketer of casual footwear and apparel, performance outdoor and athletic footwear and apparel, children's footwear, industrial work boots and apparel, and uniform shoes and boots.