Wolverine Worldwide news and archive

Wolverine Worldwide announces quarterly dividend

Board of directors at Wolverine Worldwide, Inc. has declared a quarterly cash dividend of 0.08 dollar per share of common stock payable on February 1, 2019, to stockholders of record on January 2, 2019. The company said, this dividend is equal to the last quarterly dividend and reflects an indicated annual dividend of 0.32 dollar per share. For...

Management

Wolverine Worldwide's Q2 adjusted EPS rise 26 percent

Wolverine World Wide, Inc. reported revenue of 566.9 million dollars, a decrease of 5.3 percent during the second quarter, while the company said, underlying revenue increased 3.9 percent and further adjusting for currency, increased 3.3 percent. The company added that reported diluted earnings per share were 0.57, compared to 0.21 dollars in...

Management

Wolverine Worldwide's Q1 adjusted EPS increases 35 percent

For the first quarter, Wolverine Worldwide reported revenue of 534.1 million dollars, down 9.7 percent, while underlying revenue increased 1.8 percent and further adjusting for currency, increased 0.3 percent. Reported diluted earnings per share was 0.48 dollar, compared to 0.17 dollar in the prior year, while adjusted diluted earnings per share...

Report

Wolverine Worldwide announces quarterly cash dividend of 0.08 dollar

Board of directors of Wolverine Worldwide, Inc. has declared a quarterly cash dividend of 0.08 dollar per share of common stock. The company said that this dividend is payable on August 1, 2018, to stockholders of record on July 2, 2018 and is equal to the last quarterly dividend and reflects an indicated annual dividend of 0.32 dollar per...

ManagementFeatured

Wolverine Worldwide reports 5.8 percent drop in full year revenue

Wolverine Worldwide, Inc. reported revenue of 578.6 million dollars for the fourth quarter, a decrease of 20.7 percent or 7.1 percent after taking into effect the quarterly calendar change. The company said, underlying revenue for the quarter increased 1.7 percent, including nearly 18 percent underlying growth for Merrell. Reported revenue for...

ManagementFeatured

Wolverine Worldwide provides outlook for FY18

Wolverine World Wide, Inc. has provided an outlook for fiscal year 2018 including its investment plan to drive its new global growth agenda. Announcing preliminary financial results for the fiscal year ended December 30, 2017, the company said revenues were 2.35 billion dollars, at the top end of its full-year outlook and the company expects...

ManagementFeatured

Wolverine Worldwide reports 1.1 percent underlying revenue growth in Q3

Reported revenue at Wolverine Worldwide for the third quarter of 581.3 million dollars decreased 3.7 percent, but adjusted revenue decreased 8 percent after taking into effect the quarterly calendar change. Underlying revenue, the company said, increased 1.1 percent. Reported gross margin was 39.7 percent, compared to 39.3 percent in the prior...

Report

Wolverine sells Big Rapid factory to Original

Wolverine Worldwide has sold assets associated with its United States Department of Defense (DoD) contract business and the Big Rapids factory operations to Original Footwear. The company said, Original is a Tennessee-based footwear manufacturer specializing in products for the Department of Defense under the Altama brand and also owns Original...

ManagementFeatured

Wolverine Worldwide Q2 reported revenues up 2.6 percent

Wolverine Worldwide’s reported revenue of 598.8 million dollars increased 2.6 percent during the second quarter, but adjusted revenue decreased 3.3 percent after taking effect for the calendar change. Underlying revenue increased 1.4 percent. The company’s reported diluted earnings per share were 0.21 dollar, compared to 0.24 dollar in the prior...

Report

Wolverine Worldwide sells Sebago brand to BasicNet

Wolverine Worldwide has announced sale of its Sebago brand to BasicNet, S.p.A., an Italian corporation having a portfolio of brands including Kappa, Robe di Kappa, K-way, Superga and others. "We have recently completed a strategic review of our existing portfolio and have been exploring a variety of alternatives for some of our smaller brands...

BusinessFeatured

Wolverine Worldwide to create children's group

Wolverine Worldwide, which owns brands including Keds, Merrell and Hush Puppies, is to create Wolverine Children's Group, which will focus on its growing children's business for the Company's portfolio of brands. The move it states is the “next steps in its way forward strategic transformation”, which is aimed at enhancing its “consumer...

Report

Wolverine Worldwide Q1 revenue down 4.8 percent

First quarter reported revenue of 591.3 million dollars decreased 4.8 percent at Wolverine Worldwide. Underlying revenue declined 2 percent. Under the Wolverine Way Forward plan, the company has closed 180 stores since the beginning of 2017 and incurred approximately 9.2 million dollars of operating losses in Q1 for stores within the Plan that...