Wolverine World Wide(WWW)
Search documents
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]
Wolverine World Wide(WWW) - 2021 Q4 - Earnings Call Transcript
2022-02-23 16:46
Wolverine World Wide, Inc. (NYSE:WWW) Q4 2021 Earnings Conference Call February 23, 2022 8:30 AM ET Company Participants Alex Wiseman - VP, Finance and eCommerce Brendan L. Hoffman - President and CEO Michael D. Stornant - EVP and CFO Conference Call Participants James Duffy - Stifel Nicolaus Dana Telsey - Telsey Advisory Group Aubrey Tianello - Exane BNP Paribas Jay Sole - UBS Alexander Conway - Baird Susan Anderson - B. Riley Mitchell Kummetz - Seaport Research Unidentified Analyst - Piper Sandler Steven ...
Wolverine World Wide(WWW) - 2021 Q3 - Earnings Call Presentation
2021-11-11 01:38
| --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-----------------------|-------|-------|-------------------------------------------------------------------|-------|-------| | | | | | | the spec | | | | | | WOLVERINE W worldwide | | | INVESTOR PRESENTATION third quarter 2021, ending October 2, 2021 | | | | | | | | | | | | Forward Looking Statements | 2 This presentation contains forward-looking statements, including statements regarding: the Company's Global Growth Agenda; expected key dri ...
Wolverine World Wide(WWW) - 2021 Q2 - Earnings Call Transcript
2021-08-01 17:02
Start Time: 08:30 January 1, 0000 9:35 AM ET Wolverine World Wide, Inc. (NYSE:WWW) Q2 2021 Earnings Conference Call July 29, 2021, 08:30 AM ET Company Participants Blake Krueger - Chairman and CEO Mike Stornant - SVP, CFO and Treasurer Brendan Hoffman - President Brett Parent - VP of Strategy and IR Conference Call Participants Steve Marotta - CL King & Associates Jim Duffy - Stifel Nicolaus Jonathan Komp - Baird Erinn Murphy - Piper Sandler Sam Poser - Williams Trading Mitch Kummetz - Pivotal Research Jay ...
Wolverine World Wide(WWW) - 2021 Q1 - Earnings Call Transcript
2021-05-12 18:55
Wolverine World Wide, Inc. (NYSE:WWW) Q1 2021 Earnings Conference Call May 12, 2021 8:30 AM ET Company Participants Brett Parent – Vice President of Investor Relations and Corporate Strategy Blake Krueger – Chairman and Chief Executive Officer Mike Stornant – Senior Vice President and Chief Financial Officer Brendan Hoffman – President Conference Call Participants Jonathan Komp – Baird Steve Marotta – CL King Jim Duffy – Stifel Erinn Murphy – Piper Sandler Mitch Kummetz – Pivotal Research Jay Sole – UBS Sam ...
Wolverine World Wide(WWW) - 2021 Q4 - Annual Report
2021-02-26 15:34
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 January 2, 2021 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 | Delaware | 38-1185150 | | --- | --- | | State or other j ...