Fri, Nov. 20, 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.
Tue, Oct. 20, 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)
Tue, Oct. 20, 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
Tue, Oct. 20, 6:32 AM
Mon, Oct. 19, 5:30 PM
Wed, Oct. 14, 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.
Thu, Sep. 17, 10:41 AM
- Wolverine Worldwide (WWW -7.7%) issued fresh guidance during a presentation at an investor conference.
- The company sees Q3 revenue of -4% to -5% and EPS of $0.47-$0.49 vs. $0.49 consensus. F/X is playing a big factor during the quarter.
- Wolverine Worldwide presentation at the Stifel 2015 Consumer Conference
Thu, Aug. 13, 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)
Wed, Aug. 12, 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)
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Mon, Aug. 10, 10:14 AM
- Wolverine Worldwide (WWW +6.2%) trades higher after landing an upgrade from Stifel Nicolaus.
- The investment firm lifts Wolverine to a Buy rating after having it slotted at Neutral.
- Stifel raises its price target on WWW to $34.
- The apparel/footwear company is seen benefiting from a broad increase in shoe demand in the U.S.
- Previously: Tight millennials spend freely on outdoor footwear (Aug. 01 2015)
Sat, Aug. 1, 11:49 AM
- Outdoor footwear sales rose 17% over the last year to mark a significant acceleration from the 1% growth seen in the preceding 12-month period, according to data from NPD Group.
- Performance shoes appear to be a category millennials will spend freely on to defy some of the group's organic-leaning, fashion-ambivalent, and account-sharing trends which have frustrated other pockets of retail. Just ask Coca-Cola, Vera Bradley, McDonald's, and Anheuser-Busch InBev about millennials and brand loyalty.
- Outdoor brands showing momentum over the last year include Merrell (NYSE:WWW), Nike (NYSE:NKE), Vasque (private), Salomen (OTC:AGPDF, OTCPK:AGPDY), Sorel (NASDAQ:COLM), Timberland (NYSE:VFC). High-flying Skechers (NYSE:SKX) and indie REI are also active in the category.
- The positive outdoor shoes sell-through rate in the U.S. is seen expanding globally. Wolverine Worldwide CEO Blake Krueger noted during his firm's earnings call that international demand for performance sandals, hiking, light hiking, and multisport products was strong.
Thu, Jul. 30, 10:48 AM
- Shoe stocks are higher after Skechers (SKX +13.8%), Steve Madden (SHOO +2.9%), and Crocs (CROX +8.7%) all top estimates in Q2.
- Skechers showed the strongest growth rates of the trio, although pricing and demand trends look positive across the sector.
- Notable shoe movers include Wolverine Worldwide (NYSE:WWW) +1.3%, Deckers Outdoor (NYSE:DECK) +1.0%, DSW (NYSE:DSW) +1.9%.
Tue, Jul. 21, 6:54 AM
- Wolverine World Wide (NYSE:WWW) reports revenue increased 4.9%, on a constant currency basis.
- Revenue break-up: Lifestyle: $253.4M (+4.1%); Performance: $223.3M (5.7%); Heritage: $127.4M (12.2%); Other: $26M (+5.3%).
- Gross margin rate fell 100 bps to 39.1%.
- Adjusted operating margin rate decreased 90 bps to 8.1%.
- FY2015 Guidance: Revenue: $2.82B to $2.85B (+2% to +3%); Diluted EPS: $1.39 to $1.46; Adjusted EPS: $1.53 to $1.60.
- Q2 results
Tue, Jul. 21, 6:36 AM
Mon, Jul. 20, 5:30 PM
Wed, Jul. 8, 4:34 PM
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.
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