Wolverine World Wide(WWW)

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Wolverine World Wide(WWW) - 2023 Q2 - Earnings Call Presentation
2023-08-10 13:04
INVESTOR PRESENTATION Second quarter 2023, ending July 1, 2023 Forward Looking Statements This presentation contains forward-looking statements, including statements regarding: opportunities for the Company's brands in owned and JV-operated markets; focus on stabilizing Sweaty Betty in the UK and Ireland while improving profitability; focus on stabilizing Sperry; the anticipated benefits of the Profit Improvement Office; expected improvements in profitability and normalization of supply chain costs and inve ...
Wolverine World Wide(WWW) - 2023 Q1 - Earnings Call Transcript
2023-05-10 18:45
Wolverine World Wide, Inc. (NYSE:WWW) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Alex Wiseman - VP, Finance Brendan Hoffman - President and CEO Mike Stornant - EVP and CFO Conference Call Participants Abbie Zvejnieks - Piper Sandler Mitch Kummetz - Seaport Research Dana Telsey - Telsey Group Sam Poser - Williams Trading. Jim Duffy - Stifel Operator Greetings, and welcome to the Wolverine Worldwide Inc. First Quarter 2023 Earnings Call. A brief question-and-answer session w ...
Wolverine World Wide(WWW) - 2022 Q4 - Annual Report
2023-02-23 18:50
or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-06024 WOLVERINE WORLD WIDE, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 Indicate by check mark whether the registrant (1) has fi ...
Wolverine World Wide(WWW) - 2022 Q4 - Earnings Call Transcript
2023-02-22 17:13
Wolverine World Wide, Inc. (NYSE:WWW) Q4 2022 Earnings Conference Call February 22, 2023 8:30 AM ET Company Participants Alex Wiseman - VP, Finance Brendan Hoffman - President and CEO Mike Stornant - EVP and CFO Conference Call Participants Dana Telsey - Telsey Advisory Group Jim Duffy - Stifel Jonathan Komp - Baird Sam Poser - William Trading Mitch Kummetz - Seaport Research Abbie Zvejnieks - Piper Sandler Operator Greetings and welcome to the Wolverine Worldwide Inc. Fourth Quarter 2022 Earnings Call. At ...
Wolverine World Wide(WWW) - 2022 Q3 - Earnings Call Transcript
2022-11-09 20:09
Wolverine World Wide, Inc. (NYSE:WWW) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Â Company Participants Alex Wiseman - Vice President-Finance Brendan Hoffman - President and Chief Executive Officer Mike Stornant - Executive Vice President and Chief Financial Officer Conference Call Participants Jim Duffy - Stifel Abbie Zvejnieks - Piper Sandler Jonathan Komp - Baird Mitch Kummetz - Seaport Global Jay Sole - UBS Sam Poser - WilliamÂ's Trading Operator Greetings and welcome to the Wolverine ...
Wolverine World Wide(WWW) - 2022 Q3 - Earnings Call Presentation
2022-11-09 13:29
INVESTOR PRESENTATION third quarter 2022, ending October 1, 2022 Forward Looking Statements This presentation contains forward-looking statements, including statements regarding: the Company's corporate strategic priorities; plans regarding its brands' respective purposes and planned 2022 products launches; 2022 full year financial guidance; growth pillars; investment and expansion plans and strategies; its TSR focus; its capital allocation priorities; planned shareholder distributions; and [summarize other ...
Wolverine World Wide(WWW) - 2022 Q2 - Earnings Call Presentation
2022-08-10 17:54
INVESTOR PRESENTATION second quarter 2022, ending July 2, 2022 Forward Looking Statements This presentation contains forward-looking statements, including statements regarding: the Company's growth pillars; growth potential; plans regarding its brands' respective purposes and planned 2022 products launches; plans to pursue flexibility in itssupply network; 2022 outlook and expected key drivers of growth in 2022; its TSR focus; its capital allocation priorities; and the Company's expectations regarding highe ...
Wolverine World Wide(WWW) - 2022 Q2 - Earnings Call Transcript
2022-08-10 17:49
Wolverine World Wide, Inc. (NYSE:WWW) Q2 2022 Earnings Conference Call August 10, 2022 8:30 AM ET Â Company Participants Alex Wiseman – Vice President-Finance Brendan Hoffman – President and Chief Executive Officer Mike Stornant – Executive Vice President and Chief Financial Officer Conference Call Participants Abbie Zvejnieks – Piper Sandler Jim Duffy – Stifel Laurent Vasilescu – BNP Paribas Jay Sole – UBS Jonathan Komp – Baird Dana Telsey – Telsey Advisory Group Alec Legg – B. Riley Steve Marotta – CL Kin ...
Wolverine World Wide(WWW) - 2022 Q1 - Earnings Call Presentation
2022-05-11 18:33
WOLVERINE W INVESTOR PRESENTATION first quarter 2022, ending April 2, 2022 Forward Looking Statements | 2 This presentation contains forward-looking statements, including statements regarding: the Company's growth pillars; plans regarding its brands' respective purposes and planned 2022 products launches; plans to pursue flexibility in its supply network; 2022 outlook and expected key drivers of growth in 2022; its TSR focus; and its capital allocation priorities. In addition, words such as "estimates," "an ...
Wolverine World Wide(WWW) - 2022 Q1 - Earnings Call Transcript
2022-05-11 17:59
Financial Data and Key Metrics Changes - First quarter revenue increased by 20% to $615 million, exceeding guidance, with organic growth of 10% excluding Sweaty Betty [11][41] - Adjusted gross margin was 42.5%, down 180 basis points from the previous year, impacted by higher supply chain costs and channel mix [41][42] - Adjusted diluted earnings per share for the quarter were $0.41, a growth of 2.5% compared to $0.40 in the prior year [45] Business Line Data and Key Metrics Changes - Merrell revenue was $148 million, down 2%, but expected to deliver low teens growth in Q2 and high teens for the full year [11][12] - Saucony revenue was approximately $106 million, with a growth of 4%, and expected to achieve double-digit growth in Q2 [14] - Sperry had a strong quarter with revenue of $67 million, growing 19%, and projected to grow mid-single digits in Q2 [21] - Sweaty Betty revenues were $54 million, down 2% on a pro forma basis, but up 3% in constant currency [16] Market Data and Key Metrics Changes - International revenue grew 35% compared to last year, with a 10% increase excluding Sweaty Betty [36] - The U.S. work boot category holds over 30% market share, with Wolverine brand leading [22] - The company expects DTC businesses to approach 30% of global revenue in 2022, with international markets over 35% [48] Company Strategy and Development Direction - The company is focused on executing strategies to capitalize on industry trends and drive market share gains [10] - A renewed focus on the largest brands and global markets is emphasized, with an acceleration of digital and ecommerce capabilities [25] - The company is working with Boston Consulting Group to refine corporate strategy and optimize portfolio [53] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in future growth despite ongoing supply chain challenges and geopolitical issues [39] - The company anticipates a return to double-digit growth for Sweaty Betty in the second half of the year [18] - Supply chain delays are expected to lessen but remain a challenge throughout the year [23] Other Important Information - Inventory at the end of the quarter was up 36% excluding Sweaty Betty, reflecting healthy levels of core and carryover inventory [24][46] - The company plans to host an Investor Day to share insights on growth and value creation opportunities [55] Q&A Session Summary Question: Corporate strategy review and Boston Consulting Group engagement - Management indicated that the review will focus on corporate-level strategy and evaluating opportunities across brands [58][59] Question: Demand indicators in outdoor and running categories - Management remains optimistic about demand, citing strong order books despite supply chain disruptions [62][63] Question: Impact of European consumer trends and cancellations - No significant cancellations were reported, with strong demand from distributors and partners [65] Question: Marketing tactics for Sweaty Betty - Management noted shifts in marketing strategies to enhance customer engagement and drive growth [70][71] Question: Flow of goods and air freight expenses - Management expects improved visibility on product deliveries and is not excessively relying on air freight [78] Question: Price increases across brands - Price increases are being implemented selectively, with no significant pushback from consumers [81]