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
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)
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
Wed, Feb. 18, 10:01 AM
- Shares of Wolverine Worldwide ((NYSE:WWW) +3.1%) trade higher after Sterne Agee takes off its bear call on the company.
- The investment firm moves to a Neutral rating from Underperform.
- Previously: Wolverine World Wide EPS and revenue in-line (Feb. 17 2015)
- Previously: More on Wolverine World Wide's Q4 (Feb. 17 2015)
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
Dec. 30, 2013, 11:34 AM
- Shares of Crocs (CROX +17.9%) trade at their highest level since July after the company says it will get back to buying back shares after working out a $350M investment from Blackstone.
- Sterne Agee thinks the retailer still has more house cleaning to do. Analyst Sam Poser says Chairman of the Board Tom Smach and two members of the management team who were also Felxtronics alums need to be axed.
- Other shoe stocks are trading higher off the Crocs news: DECK +1.4%, WWW +1.7%, SHOO +1.7%, SKX +1.1%.
Jul. 9, 2013, 9:12 AM
Jun. 28, 2013, 3:25 PMIt's a pretty good day to be long shoe stocks after reports from Nike (NKE +2.4%) and Finish Line (FINL +4.2%) set the tone early and analysts jump on the bandwagon with positive comments on the sector: Advancers: Foot Locker (FL) +2.9%, Deckers Outdoor (DECK) +3.0%, Wolverine Worldwide (WWW) +2.2%, Crocs (CROX) +2.2%, Shoe Carnival (SCHL) +1.3%, Brown Shoe (BWS) +1.6%. | Jun. 28, 2013, 3:25 PM | 2 Comments
Apr. 16, 2013, 10:03 AMWolverine Worldwide (WWW +4.7%) trades higher after the retailer beat estimates with its Q1 report. Recent acquisitions of the Sperry Top-Sider, Saucony, Stride Rite, and Keds brands helped boost the company's revenue haul, but higher costs drove down the gross margin rate by 40 bps Y/Y to 40.6% during the period. | Apr. 16, 2013, 10:03 AM | Comment!
Dec. 12, 2012, 5:37 PM
Nov. 27, 2012, 9:47 AMGoldman Sachs has shoes on its mind. Beyond lining up Crocs (CROX +7.3%) as its favorite name in the sector, the firm starts research on Sell-rated Steven Madden (SHOO -2.1%) and launches coverage on Deckers Outdoor (DECK -0.1%) and Wolverine World Wide (WWW -1.6%) with Neutral ratings. The biggest takeaway from the Goldman dip into the sector is that the firm isn't convinced Crox and Deckers Outdoor are weighed down with "broken fads" for headline products. | Nov. 27, 2012, 9:47 AM | 2 Comments
Oct. 9, 2012, 11:51 AMShares of Wolverine World Wide (WWW +2.1%) jump higher after the retailer lifts profit estimates for the next two years. After factoring in the effect from its just-completed purchase of operations from Collective Brands, the company adds a dime to EPS forecasts for 2013 and 2014 and says accretion generated from the deal will be greater than originally expected. | Oct. 9, 2012, 11:51 AM | Comment!
Sep. 6, 2012, 9:17 AMShares of Wolverine World Wide (WWW) slump 6.0% premarket after the company tips off in comments made at the Piper Jaffray Consumer Conference that it sees Q3 EPS and revenue coming in below the expectations of analysts. Management says retailers are taking a conservative buying approach in the U.S. and weak sales in Europe are also dragging down results. (webcast) | Sep. 6, 2012, 9:17 AM | Comment!
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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