Core Insights - Saucony has launched the Saucony SILO collection, which merges high-fashion influences with the brand's heritage and technology, aiming to redefine luxury sneakers [1][2] - The collection features five key silhouettes, emphasizing both modern innovation and comfort, appealing to today's consumers [2][3] Group 1: Product Details - The SS25 collection includes five silhouettes: Grid X Ultra S, 586i S, Gripper S, Kinvara 1 S, and Endorphin Elite 2 S, showcasing advanced material innovation and performance technology [2] - The Grid X Ultra S is highlighted as the best expression of the Saucony SILO, combining the latest technology with a luxurious approach [3] Group 2: Brand Positioning - Saucony aims to create a future-focused experience that resonates with consumers who value innovation and sophisticated styling [2] - The collection was initially previewed at Paris Fashion Week in January 2025, indicating a strategic alignment with high-fashion events [2] Group 3: Launch Information - The Saucony SILO collection will be available globally on April 17, 2025, at select retailers and online [1][3]

Core Insights - Saucony has announced its 2025 North American roster of professional runners, adding 11 new elite athletes to its existing team, which includes nine current athletes [2][3] - The brand emphasizes its commitment to fostering talent and community in running, aligning with its ethos of "Run as One" [1][5] - The integration of new athletes into product development aims to enhance performance and innovation, benefiting both elite and everyday runners [4][2] Company Strategy - Saucony's approach involves close collaboration with athletes in the product development process, ensuring high performance standards [4] - The brand's focus on community and connection among runners is highlighted as a key aspect of its mission [5] Market Context - The announcement coincides with the growing excitement for the 2028 Olympics in Los Angeles, which is expected to inspire a new generation of runners [5] - Saucony aims to leverage this momentum to strengthen its brand presence and support for athletes [5] Brand Background - Founded in 1898, Saucony is recognized as a leading global performance running brand, known for its innovative technologies and commitment to running culture [7]

The original work boot brand and the award-winning country musician are bringing a fresh, modern country aesthetic to the worksite and beyond.ROCKFORD, Mich., March 11, 2025 /PRNewswire/ -- Wolverine, the 142-year-old boot and clothing company, is excited to announce their partnership with award winning, multi-platinum singer/songwriter, Jordan Davis. Built upon their shared values, the partnership celebrates the blue-collar mindset: the grit and determination of those working hard and doing what they love, ...

Core Concept - Saucony has launched a global brand campaign titled "Run as One," which aims to celebrate the connections formed through running and its cultural significance [1][2]. Group 1: Campaign Overview - The "Run as One" campaign emphasizes that running transcends mere physical activity, serving as a cultural phenomenon that unites people globally [2]. - The campaign features a 30-second anthem video showcasing the collective experience of running, highlighting the shared journey of runners, regardless of their experience level [2][5]. - The campaign will include a series of global run club events, both in-person and virtual, starting on March 4th, 2025, with coffee shop residencies in major cities [3][5]. Group 2: Event Details - The coffee shop residencies will begin at Ludlow Coffee Supply in New York City and expand to cities like Grand Rapids, Boston, and London, inspired by a previous successful collaboration [3]. - Each residency will host exclusive events with brand collaborators, fostering community and connection through running [3]. Group 3: Creative Development - The campaign was developed by Saucony's Creative Director Gus Johnston in collaboration with The Agency and produced by The Den, alongside director Cam Hicks and photographer Will Reid [4]. Group 4: Marketing Strategy - The campaign will utilize a diverse media mix, including out-of-home advertising in key markets such as NYC, Toronto, Boston, London, and Paris, as well as CTV, OLV, and social media channels [5]. Group 5: Company Background - Saucony, a division of Wolverine World Wide, Inc., is recognized as a leading global performance running brand, known for its innovative technologies and commitment to inspiring a better life through running [6].

Employee Engagement and Culture - The Company had approximately 3,100 employees as of December 28, 2024, focusing on maximizing engagement and attracting top talent [38]. - The Company is committed to creating an inclusive culture and has launched initiatives to enhance inclusion and belonging among employees [44]. - The Company’s talent strategy includes leadership development programs in partnership with Harvard Business School to foster managerial skills [42]. Market Competition - The Company operates in a highly competitive footwear and apparel market, facing competition from larger companies with greater resources [35]. - Changes in consumer preferences and economic conditions can adversely affect the Company's sales and profitability [78]. Financial Risks and Fluctuations - The Company's financial results may be adversely impacted by foreign currency exchange rate fluctuations, affecting revenues and costs [73]. - The Company’s quarterly sales and earnings may fluctuate due to various uncontrollable factors, potentially leading to stock price volatility [74]. - Inflationary pressures, including increased costs of raw materials and labor, may negatively impact the Company's results if not offset by price increases [79]. - Rising costs of raw materials, labor, and services may negatively affect the Company's operational results [90]. - An increase in the Company's effective tax rate could adversely impact its financial position and results of operations [91]. - The Company faces potential impairment of goodwill and intangibles, which could negatively affect its results [93]. - The Company's current level of indebtedness may decrease business flexibility and increase borrowing costs [94]. Regulatory and Compliance Risks - Environmental regulations and climate change concerns may pose risks to the Company's operations and financial performance [83]. - Increases in customs duties, tariffs, and trade restrictions could adversely impact the Company's sales and profitability [89]. - Legal and regulatory risks related to intellectual property could harm the Company's competitive position [96]. - Changes in employment laws may lead to higher employment and pension costs, adversely affecting the Company's financials [99]. - Increasing scrutiny regarding environmental, social, and governance (ESG) practices may impose additional costs and risks on the Company [100]. - The Company is subject to data privacy and cybersecurity laws, which could lead to compliance costs and potential liabilities [102]. - Environmental and workplace safety regulations may result in increased costs or claims against the Company [106]. Corporate Governance - Provisions of Delaware law and the Company's certificate of incorporation could prevent or delay beneficial changes in control or management for stockholders [108]. - The Company's bylaws may discourage or delay mergers, acquisitions, or other changes in control that could benefit stockholders [108]. - The provisions are designed to provide continuity for the Company's Board of Directors and encourage negotiations with potential acquirers [108]. - The Company has a classified Board of Directors, with one-third of directors standing for election each year [108]. - These provisions could discourage proxy contests and complicate efforts for stockholders to replace the majority of directors [108]. - The intent of these provisions is to protect the interests of the Company's stockholders [108].

Wolverine World Wide, Inc. (WWW) has reported fourth-quarter 2024 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Earnings grew year over year while revenues dipped.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the fourth quarter, the company exceeded estimates for revenues and earnings, returning to growth and delivering better-than-anticipated results for 2024. As 2025 begins, Wolverine’s brands are positioned to build on this momentum, suppo ...

Financial Data and Key Metrics Changes - Fiscal 2024 revenue for the ongoing business was $1.75 billion, a decline of 12.1% compared to the prior year, primarily due to discrete items in 2023 [38] - Full-year adjusted gross margin was 44.6%, an increase of 470 basis points versus last year, reflecting cost-saving measures and improved sales mix [39] - Fourth-quarter revenue was $495 million, exceeding expectations, with ongoing business revenue growing 3% year-over-year [42] - Fourth-quarter adjusted gross margin was 44%, a year-over-year increase of 620 basis points [45] - Full-year diluted earnings per share was $0.91, compared to $0.15 in 2023, indicating significant profitability improvement [41] Business Line Data and Key Metrics Changes - Saucony grew 7% in the fourth quarter, with low teens growth in the US and over 20% in EMEA, while Merrell posted a 1% increase [17][25] - Sweaty Betty's revenue was down 6% in the quarter, but gross margin improved by nearly 900 basis points [30] - Wolverine brand's revenue performance was encouraging, but trends remained inconsistent [32] Market Data and Key Metrics Changes - Strong growth in wholesale and international distributor channels was noted, partially offset by a decline in direct-to-consumer business [42] - The work group revenue increased by 21% in the fourth quarter, driven by strong demand for core franchises [44] Company Strategy and Development Direction - The company is focused on building brand capabilities and modernizing product lines to align with consumer trends [11] - Strategic investments include opening an innovation hub in Boston and enhancing marketing leadership across brands [12][14] - The company plans to accelerate growth in 2025, with a focus on new product launches and lifestyle expansion [51][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's direction and brand-building strategies, highlighting the potential for significant growth [65] - The outlook for 2025 includes expected revenue growth of 2.5% to 4.3%, with a focus on maintaining profitability while investing in brand growth [51][54] Other Important Information - The company reduced net debt to $496 million, a 33% reduction from 2023, improving financial stability [48] - Inventory at the end of the fourth quarter was $241 million, down approximately 36% from last year, indicating effective inventory management [47] Q&A Session Summary Question: Saucony's growth and new doors - Management confirmed plans for 900 new doors for Saucony, with many being online, and emphasized responsible growth in the brand [76][77] Question: Merrell's new doors and reception - Management noted that Merrell is also opening new doors, particularly in female-focused specialty retail accounts, with positive early returns [78][79] Question: Gross margin sustainability - Management expressed satisfaction with gross margin improvements and indicated ongoing opportunities for further enhancements [81][84] Question: Interest expense guidance - Expected net interest and other expenses for 2025 are projected to be around $25 to $30 million, down from $39 million in 2024 [105] Question: State of the run specialty channel - Management reported that Saucony is gaining market share in the run specialty channel, driven by product innovation and strong performance [141][142]

Core Insights - Wolverine World Wide reported revenue of $494.7 million for the quarter ended December 2024, reflecting a year-over-year decline of 6.1% [1] - The company's EPS for the same period was $0.42, a significant improvement from -$0.30 a year ago, and exceeded the consensus estimate of $0.41 by 2.44% [1] - The reported revenue surpassed the Zacks Consensus Estimate of $485.18 million, resulting in a surprise of 1.96% [1] Revenue Breakdown - Active Group revenue was $331.70 million, exceeding the two-analyst average estimate of $327.11 million, with a year-over-year change of -2.8% [4] - Other revenue amounted to $11.90 million, significantly higher than the $6.25 million average estimate based on two analysts [4] - Work Group revenue reached $151.10 million, compared to the $99.60 million average estimate, marking a year-over-year increase of 20.6% [4] Stock Performance - Wolverine's shares have returned -18.2% over the past month, contrasting with the Zacks S&P 500 composite's increase of 4.7% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

+ Investor Presentation | 4Q24 Overview $1.75BFY24 Adjusted Revenue1 Investor Presentation | Fourth Quarter 2024 + Investor Presentation | 4Q24 Forward-Looking Statements This presentation contains forward-looking statements, including statements regarding the Company's turnaround and transformation; the Company's outlook for 2025 including, among others: reported, adjusted and constant currency revenue; reported and adjusted gross margin; reported and adjusted operating margin; reported and adjusted net ea ...

Wolverine World Wide (WWW) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to loss of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.44%. A quarter ago, it was expected that this footwear maker would post earnings of $0.21 per share when it actually produced earnings of $0.29, delivering a surprise of 38.10%.Over the last four quarters, the co ...