Wolverine World Wide Inc.
 (WWW)

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  • Feb. 18, 2015, 10:01 AM
    | Feb. 18, 2015, 10:01 AM
  • Feb. 17, 2015, 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
    | Feb. 17, 2015, 7:33 AM
  • Feb. 17, 2015, 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.
    | Feb. 17, 2015, 6:33 AM
  • Feb. 16, 2015, 5:30 PM
  • Feb. 12, 2015, 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.
    | Feb. 12, 2015, 4:37 PM
  • Feb. 11, 2015, 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.
    | Feb. 11, 2015, 9:45 AM | 1 Comment
  • Feb. 3, 2015, 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.
    | Feb. 3, 2015, 12:17 PM | 19 Comments
  • Jan. 12, 2015, 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.
    | Jan. 12, 2015, 5:17 PM
  • Dec. 18, 2014, 7:01 AM
    | Dec. 18, 2014, 7:01 AM | 10 Comments
  • Dec. 10, 2014, 4:31 PM
    • Wolverine World Wide (NYSE:WWW) declares $0.06/share quarterly dividend, in line with previous.
    • Forward yield 0.83%
    • Payable Feb. 2; for shareholders of record Jan. 2; ex-div Dec. 30.
    | Dec. 10, 2014, 4:31 PM
  • Dec. 4, 2014, 10:31 AM
    | Dec. 4, 2014, 10:31 AM | 11 Comments
  • Nov. 6, 2014, 1:27 PM
    • Apparel seller Ann issued a warning today on the impact of labor uncertainty at West Coast ports as part of its Q4 guidance.
    • The retailer expects $8M in extra air freight costs due to product shipment delays.
    • There's also been some reports of delays at ports in the Seattle and Tacoma area which account for 16% of container cargo traffic on the West Coast.
    • Analysts fret that more companies will resort to air freight to ensure stores are stocked in front of the Black Friday rush.
    • Apparel and footwear stocks: SKX, FL, VRA, ICON, NKE, WWW, DECK, CROX, SHOO, BWS, KATE, ANN, PERY, LULU, RL, PVH, VNCE, CRI, UA, HBI, VFC, COLM, KORS, GIL, SQBG, JCP, KSS, DDS, M, JWN, RL.
    | Nov. 6, 2014, 1:27 PM
  • Oct. 14, 2014, 11:34 AM
    • Wolverine World Wide (NYSE:WWW) reports revenue for its Lifestyle Group segment fell 6.7% to $177.9M in Q3, while the Performance Group  saw a revenue increase of 2.2% to $257.1M.
    • Adjusted operating margin expanded 70 bps to 13.8% while Gross margin was 40% vs. 39.9% in the prior period.
    • The Company expects full-year revenue of $2.75B and adjusted diluted EPS of $1.57-$1.63.
    | Oct. 14, 2014, 11:34 AM
  • Oct. 14, 2014, 6:36 AM
    • Wolverine World Wide (NYSE:WWW): Q3 EPS of $0.63 beats by $0.04.
    • Revenue of $711.1M (-0.8% Y/Y) misses by $9.27M.
    | Oct. 14, 2014, 6:36 AM
  • Oct. 13, 2014, 5:30 PM
    | Oct. 13, 2014, 5:30 PM | 1 Comment
  • Oct. 7, 2014, 3:09 PM
    • Demand for outdoor footwear products was strong between Labor Day and the first day of fall, according to data from NPD Group.
    • Category growth: Hiking +18% to $8.3M; Rain boots/galoshes +21% to $3.1M; Winter/snow boots +24% to $1.1M.
    • Related stocks: DECK, SKX, WWW, NKE, VFC
    | Oct. 7, 2014, 3:09 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.