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%. | 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. | 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. | 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. | 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) | Comment!
Jul. 10, 2012, 10:21 AMWolverine World Wide (WWW +4.1%) trades higher despite missing estimates with its Q2 report. The retailer gave investors something to latch onto by backing its FY12 guidance and disclosing that Sperry Top-Sider, Saucony, Stride Rite, and Keds brands purchase from Collective Brand will be added to its lineup in late summer to early fall. | Comment!
Apr. 24, 2012, 12:10 PMCollective Brands (PSS +3.9%) is weighing final offers to sell itself to South Korea's E-Land or Wolverine World Wide (WWW -0.4%), Bloomberg reports. The Payless Shoe parent has attracted at least one bid valued at ~$2B; PSS is said to plan to make a decision on the bids in the coming days. | Comment!
Jan. 24, 2012, 9:35 AMMore takeover talk sparks Collective Brands (PSS +3.2%) shares, as Bloomberg speculates the company "may extract the biggest takeover premium of any apparel retailer in the world." PSS may attract interest from PE firms and rivals such as Wolverine World Wide (WWW) when bids are due next week, and could be worth up to $27/share based on the value of its separate businesses. | Comment!
Jan. 12, 2012, 10:23 AMWolverine Worldwide (WWW -3.9%) CFO Don Grimes says the company's full-year profit forecast will come in at the low end of its prior $2.46-$2.52 EPS range, with Q4 results hurt partly by a "conservative appetite" by U.S. retailers and "softening retail impact" in both Europe and the U.S. (form 8-K) | Comment!
WWW vs. ETF Alternatives
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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