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Wolverine World Wide Inc. (WWW)

  • Fri, Jun. 26, 10:07 AM
    • While Nike (NKE +4.5%) is doing yeoman-like work in supporting the Dow Jones Industrial Average, some other footwear/apparel stocks are ahead of market averages.
    • The group is being viewed as being in the right consumer market following a strong report from the Beaverton company.
    • Gainers: Iconix Brand Group (ICON +1.9%), Steven Madden (SHOO +1.8%), Under Armour (UA +0.6%), Hanesbrands (HBI +0.8%), Crocs (CROX +2.6%), Deckers Outdoor (DECK +1.2%), Skechers (SKX +0.4%), Wolverine Worldwide (WWW +1.5%), Caleres (CAL +2.2%), Genesco (GCO +2.3%), Shoe Carnival (SCVL +2.4%), Foot Locker (FL +2.4%).
    • The S&P Retail ETF (XRT +0.8%) is feeling the support from the athletic apparel and shoe stocks.
    • Previously: Nike beats by $0.15, beats on revenue (Jun. 25 2015)
    • Previously: Global futures at Nike top expectations (Jun. 25 2015)
    • Previously: Millennial demand underpins bright outlook for shoe stocks (Jun. 26 2015)
    | Fri, Jun. 26, 10:07 AM | 2 Comments
  • Mon, Jun. 1, 6:40 PM
    • Donald Grimes, Wolverine Worldwide's (NYSE:WWW) CFO since 2008, is leaving to become the COO of Neiman Marcus, effective June 12.
    • Michael Stornant, Wolverine's corporate finance VP for the last two years, will replace Grimes as the apparel/footwear maker's CFO. (8-K filing)
    | Mon, Jun. 1, 6:40 PM | Comment!
  • Sat, May 2, 2:00 PM
    • There's a vibrant rally ongoing with shoe stocks as some stars align for the sector.
    • Analysts have cited a consumer trend toward a higher spend in the category amid positive macroeconomic factors, while some relief with input costs (rubber) and foreign exchange swings (labor) has helped with margins.
    • Mark down athleisure and brand-loyal millennials as two other positive factors for shoe sellers.
    • The U.S. retail sneaker market is now worth close to $28B, according to Sneakernomics.
    • SportsOneSource pegs the international market at $55B and growing briskly.
    • In what could also be considered a sign of a strong retail segment, designer basketball shoes even have a sizzling secondary market.
    • The list of shoe companies - retail level and wholesalers - with shares that have outperformed the S&P 500 and the S&P Retail ETF over the last 90 days includes Columbia Sportswear (NASDAQ:COLM), Deckers Outdoor (NYSE:DECK), Nike (NYSE:NKE), Foot Locker (NYSE:FL), Crocs (NASDAQ:CROX), Steve Madden (NASDAQ:SHOO), Brown Shoe (NYSE:BWS), Skechers (NYSE:SKX),  Finish Line (NASDAQ:FINL), Shoe Carnival (NASDAQ:SCVL), and Wolverine Worldwide (NYSE:WWW).
    • Under Armour (NYSE:UA) and Adidas (OTCQX:ADDYY) are also ahead of market averages over the same three-month period.
    • If an ETF of the shoe stocks listed above existed, it would have doubled up the return of the S&P 500 Index since January.
    | Sat, May 2, 2:00 PM | Comment!
  • Tue, Apr. 28, 6:49 AM
    • Wolverine World Wide (NYSE:WWW) reports sales rose 3.4% in Q1 on a constant currency basis.
    • The mid single-digit pace of sales seen in the Heritage Groupwas higher  than the low single-digit rate for the Lifestyle Group.
    • Gross margin +60 bps to 41.4% on pricing gains.
    • Guidance: The company expects revenue of $2.82B-$2.87B vs. $2.86B consensus and EPS of $1.53-$1.60 vs. $1.56 consensus.
    • Previously: Wolverine World Wide beats by $0.03, misses on revenue
    | Tue, Apr. 28, 6:49 AM | Comment!
  • Tue, Apr. 28, 6:38 AM
    • Wolverine World Wide (NYSE:WWW): Q1 EPS of $0.37 beats by $0.03.
    • Revenue of $631.4M (+0.6% Y/Y) misses by $12.09M.
    • Press Release
    | Tue, Apr. 28, 6:38 AM | Comment!
  • Tue, Apr. 21, 4:33 PM
    • Wolverine World Wide (NYSE:WWW) declares $0.06/share quarterly dividend, in line with previous.
    • Forward yield 0.74%
    • Payable Aug. 3; for shareholders of record July 1; ex-div June 29.
    | Tue, Apr. 21, 4:33 PM | Comment!
  • Mon, Mar. 30, 7:25 AM
    • Baird upgrades Wolverine World Wide (NYSE:WWW) to an Outperform rating from Neutral.
    • The investment firm sets a $38 price target on the lifestyle brands company.
    • Wolverine sits near 52-week highs after running up 10.2% YTD gain.
    | Mon, Mar. 30, 7:25 AM | Comment!
  • Tue, Feb. 24, 11:23 AM
    | Tue, Feb. 24, 11:23 AM | 3 Comments
  • Wed, Feb. 18, 10:01 AM
    | Wed, Feb. 18, 10:01 AM | Comment!
  • Tue, Feb. 17, 7:33 AM
    • Wolverine World Wide (NYSE:WWW) reports revenue increased 10.1%, on a constant currency basis.
    • Revenue break-up: Lifestyle: $279.3M (+5.3%); Performance: $273.6M (+8.9%); Heritage: $221.5M (14.4%); Other: $34.5M (+13.1%).
    • Gross margin rate decreased 10 bps to 37.1% primarily due to a negative mix shift in international markets.
    • Operating margin rate increased 130 bps to 3.7%.
    • FY2015 Guidance: Revenue: $2.82B to $2.87B (+2.1% to +3.9%); Operating margin rate: 8.3%; Adjusted operating margin rate: 9.1%; Diluted EPS: $1.46 to $1.53; Adjusted EPS: $1.53 to $1.60.
    • Q4 results
    | Tue, Feb. 17, 7:33 AM | Comment!
  • Tue, Feb. 17, 6:33 AM
    • Wolverine World Wide (NYSE:WWW): Q4 EPS of $0.30 in-line.
    • Revenue of $808.9M (+9.2% Y/Y) in-line.
    • Press Release
    | Tue, Feb. 17, 6:33 AM | Comment!
  • Mon, Feb. 16, 5:30 PM
  • Thu, Feb. 12, 4:37 PM
    • Wolverine World Wide (NYSE:WWW) declares $0.06/share quarterly dividend, in line with previous.
    • Forward yield 0.84%
    • Payable May 1; for shareholders of record April 1; ex-div March 30.
    | Thu, Feb. 12, 4:37 PM | Comment!
  • Wed, Feb. 11, 9:45 AM
    • The Footwear Distributors and Retailers of America says tariffs on footwear rose 6.6% to $2.671B last year.
    • The pace exceeds sales growth in the sector.
    • Countries included the Trans-Pacific Partnership (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam) increased duties last year by 24% Y/Y.
    • Analysts have noted that a good portion of the tariff tax has hit the bottom line of shoe companies with pricing still very competitive.
    • The footwear trade group is pushing Congress to give President Obama Trade Promotion Authority to help bring tariff relief.
    • Shoe stocks: CROX, DECK, WWW, SHOO, SKX, SCVL, BWS, FL, FINL, NKE.
    | Wed, Feb. 11, 9:45 AM | 1 Comment
  • Tue, Feb. 3, 12:17 PM
    • Retail space continues to open up as more companies look to trim their store counts or reposition themselves in front of mergers or bankruptcies.
    • In some cases, the transition is based on repositioning assets to online fulfillment centers.
    • A quick scan indicates Sears Holdings (NASDAQ:SHLD), J.C. Penney (NYSE:JCP), RadioShack (NYSE:RSH), Dollar Tree (NASDAQ:DLTR), Wet Seal (NASDAQ:WTSL), Macy's (NYSE:M), Haverty Furniture (NYSE:HVT), Bon-Ton Stores (NASDAQ:BONT), Aeropostale (NYSE:ARO), Rent-A-Center (NASDAQ:RCII), and Wolverine Worldwide (NYSE:WWW) are unloading properties.
    • Analysts have warned the flooded market could lead to some disappointing transaction prices or lease rates for the companies involved.
    • What to watch: A merger between Staples (NASDAQ:SPLS) and Office Depot (NASDAQ:ODP) or a major retooling from Best Buy (NYSE:BBY) this year could add to the tally.
    | Tue, Feb. 3, 12:17 PM | 19 Comments
  • Mon, Jan. 12, 5:17 PM
    • Wolverine Worldwide (NYSE:WWW) -8.8% AH after saying it expects 2015 EPS to come in roughly flat from 2014, reflecting the negative impact of a stronger U.S. dollar, the exit of the Patagonia Footwear license and previously announced retail store closures.
    • WWW says it sees Q4 revenues of ~$808M, up 9.1% Y/Y, and full-year revenue of ~$2.76B vs. analyst consensus estimate of $2.74B; sees 2014 adjusted EPS at the high end of previous guidance of $1.57-$1.63 vs. $1.61 consensus; for 2015, analysts were projecting adjusted EPS to rise to $1.77.
    • Says it plans $100M in new brand-building investments over the next three years, including ~$30M in FY 2015.
    | Mon, Jan. 12, 5:17 PM | 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.