News & Videos - WOLVERINE WORLD WIDE INC. - English

Wolverine World Wide, Inc. (NYSE: WWW) today announced the opening of a new global Innovation Hub on 90 Causeway Street in Boston, Massachusetts. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114416993/en/ Wolverine Worldwide’s new global Innovation Hub is located at 90 Causeway Street in Boston, Massachusetts. (Photo: Business Wire) “Boston is an amazing city with a deep connection to our brands and exceptional design and...

Wolverine World Wide, Inc. (NYSE: WWW) today announced actions to further its ongoing strategic transformation into a brand-led and consumer-obsessed growth company. “We are moving with speed and urgency to transform the Company, which will enable us to capitalize on our biggest growth opportunities,” said Chris Hufnagel, President and Chief Executive Officer. “We are taking decisive steps to stabilize the business by divesting non-core assets, paying down debt, reducing inventory, and...

Wolverine World Wide, Inc. (NYSE: WWW) today announced that its Board of Directors has appointed Christopher E. Hufnagel, President of Wolverine, as President, Chief Executive Officer, and a member of the Board of Directors, effective immediately. Mr. Hufnagel succeeds Brendan L. Hoffman, who is no longer with the Company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230810352737/en/ Christopher E. Hufnagel, President & CEO of...

Wolverine World Wide, Inc. (NYSE: WWW) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock. The dividend is payable on November 1, 2023, to stockholders of record on October 2, 2023. The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.40 per share. ABOUT WOLVERINE WORLDWIDE Founded in 1883 on the belief in the possibility of opportunity, Wolverine World Wide, Inc. (NYSE:WWW) is one...

Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its second quarter fiscal 2023 financial results on Thursday, August 10, 2023, at approximately 6:30 a.m. ET. Following the press release, the Company will host a conference call at 8:30 a.m. ET to review results and discuss current business trends. Investors and analysts interested in joining the call are invited to dial 1-877-407-4018 (international callers, please dial 1-201-689-8471) approximately five minutes...

Wolverine World Wide, Inc. (NYSE: WWW), which operates one of the world’s largest portfolios of lifestyle and footwear brands, announced today that it has entered into a fourth amendment (the “Amendment”) of its existing Credit Agreement dated as of July 31, 2012 (the “Credit Agreement”). The Amendment provides the Company with near-term financial and operational flexibility by adjusting the maximum consolidated leverage ratio under the Credit Agreement from 4.5x EBITDA to 4.875x...

Wolverine World Wide, Inc. (NYSE: WWW), which operates one of the world’s largest portfolios of lifestyle and footwear brands, announced today the appointment of Melissa Mullen as Global Brand President of Sweaty Betty, a premium women’s activewear brand acquired in August 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230612919886/en/ Sweaty Betty Global Brand President. Ms. Mullen, a seasoned consumer-focused and...

Wolverine World Wide, Inc. (NYSE: WWW), which operates one of the world’s largest portfolios of lifestyle and footwear brands, announced today several senior leadership appointments to help drive future growth and accelerate its global brand-building efforts. These leadership appointments are the next step in the evolution of the Company and build on the strategic transformation work initiated last year. This press release features multimedia. View the full release here:...

Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the first quarter ended April 1, 2023. “We are pleased with delivering first quarter results in line with guidance which included 15% constant currency revenue growth from our Active Group," said Brendan Hoffman, President and Chief Executive Officer. "Earnings results slightly exceeded our expectations and we made progress on reducing inventory. Our first quarter performance and initiatives we have in place position...

Wolverine World Wide, Inc. (NYSE: WWW) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock. The dividend is payable on August 1, 2023, to stockholders of record on July 3, 2023. The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.40 per share. ABOUT WOLVERINE WORLDWIDE Founded in 1883 on the belief in the possibility of opportunity, Wolverine World Wide, Inc. (NYSE:WWW) is one of...

Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its first quarter fiscal 2023 financial results on Wednesday, May 10, 2023, at approximately 6:30 a.m. ET. Following the press release, the Company will host a conference call at 8:30 a.m. ET to review results and discuss current business trends. Investors and analysts interested in joining the call are invited to dial 1-877-407-4018 (international callers, please dial 1-201-689-8471) approximately five minutes...

Wolverine World Wide, Inc. (NYSE: WWW), which operates one of the world’s largest portfolios of lifestyle and footwear brands, announced today actions intended to improve operating performance, fuel global growth, and enable future investments into Sweaty Betty, a global premium women’s activewear brand acquired in August 2021. Sweaty Betty will now report into Wolverine Worldwide’s London-based International Group, which is responsible for the Company’s operations outside the United...

Wolverine World Wide, Inc. (NYSE: WWW), which operates one of the world’s largest portfolios of lifestyle and footwear brands, announced today that its Chairman and retired CEO, Blake Krueger, will be retiring from the Board on May 4, 2023. Tom Long, the Board’s Lead Independent Director, has been appointed to serve as Chairman upon Mr. Krueger’s retirement. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230317005056/en/ (left...

Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the fourth quarter ended December 31, 2022. "Despite a challenging year in 2022, we've taken important steps to become a more disciplined and agile company while focusing on long-term growth. Encouraging results from our 100-day action plan, initiated in the fourth quarter, include a reduction in inventory and debt levels, the sale of Keds, and the establishment of a new Profit Improvement Office to unlock savings to...

Wolverine World Wide, Inc. (NYSE: WWW) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock. The dividend is payable on May 1, 2023, to stockholders of record on April 3, 2023. The dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of $0.40 per share. ABOUT WOLVERINE WORLDWIDE Founded in 1883 on the belief in the possibility of opportunity, Wolverine World Wide, Inc. (NYSE:WWW) is one of the...

Wolverine World Wide, Inc. (NYSE: WWW), which operates one of the world’s largest portfolios of lifestyle and footwear brands, announced today that it has sold the Keds brand to Designer Brands, Inc. (“DBI”), the parent company of footwear retailer DSW. In addition, the Company announced that it intends to grant an exclusive license to DBI for Hush Puppies footwear in the United States and Canada, where DSW has been the exclusive retail partner for Hush Puppies since last year. “Selling...

Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its fourth quarter and full year fiscal 2022 financial results on Wednesday, February 22, 2023, at approximately 6:30 a.m. ET. Following the press release, the Company will host a conference call at 8:30 a.m. ET to review results and discuss current business trends. Investors and analysts interested in joining the call are invited to dial 1-877-407-4018 (international callers, please dial 1-201-689-8471)...

Wolverine World Wide, Inc. (NYSE: WWW) today updated its outlook for fiscal 2022 revenue, earnings, inventory and net debt in advance of its fireside chat at the 2023 ICR Conference on January 10, 2023. “During the fourth quarter, we achieved our revenue, inventory management and cash flow goals,” said Brendan Hoffman, President and CEO. “The acceleration of our inventory reduction efforts is expected to pressure fourth-quarter earnings toward the low end of our guidance. We are executing...

Wolverine World Wide, Inc. (NYSE: WWW) today announced planned changes to its portfolio. The Company has started a formal process to divest or license the Keds brand and Wolverine Leathers business, both of which are low-profit contributors. This move builds upon the Company’s strategy to reduce complexity and prioritize growth brands in an effort to increase long-term shareholder value. Process to Divest or License Keds and Wolverine Leathers “We believe the recent changes to our group...

Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the third quarter ended October 1, 2022. "While we were pleased to deliver third quarter revenue growth of 9% and 12% on a constant currency basis, both revenue and profit came in below our expectations reflecting ongoing supply chain disruption, heightened promotional activity at retail, and deteriorating macro conditions. We are facing congestion in our own US distribution centers and inland transportation networks and...