Revenue Performance - Fourth quarter 2024 total revenue was $494.7 million, a decrease of 6.1% compared to $526.7 million in Q4 2023[5] - Ongoing total revenue for 2024 was $1,750.4 million, down 12.1% from $1,992.1 million in 2023[7] - Revenue for Q4 2024 was $494.7 million, a decrease of 6.1% compared to $526.7 million in Q4 2023[25] - Total revenue for Fiscal 2024 was $1,755.0 million, down 21.8% from $2,242.9 million in Fiscal 2023[39] - Adjusted revenue for ongoing business in 2023 was $1,992.1 million after accounting for divestitures, down from $2,242.9 million reported revenue[56] Profitability Metrics - Gross margin improved to 44.0% in Q4 2024, up 740 basis points from 36.6% in Q4 2023[5] - Diluted earnings per share for Q4 2024 was $0.29, a significant increase of 125.2% compared to a loss of $1.15 in Q4 2023[5] - Gross profit increased to $217.7 million in Q4 2024, with a gross margin of 44.0%, up from 36.6% in Q4 2023[18] - Operating profit for the fiscal year ended December 28, 2024, was $101.0 million, compared to a loss of $68.2 million in the previous year[18] - Net earnings attributable to Wolverine World Wide, Inc. for Q4 2024 were $24.6 million, a significant recovery from a loss of $91.2 million in Q4 2023[18] - Operating profit for Fiscal 2024 was $101.0 million, with an operating margin of 5.8%, compared to an operating loss of $68.2 million and an operating margin of (3.0)% in Fiscal 2023[47] Expenses and Cost Management - Operating expenses for Fiscal 2024 totaled $680.5 million, down from $940.7 million in Fiscal 2023, leading to adjusted operating expenses of $650.5 million[44] - Operating expenses for Fiscal 2024 Q4 were $177.9 million, significantly reduced from $379.9 million in Fiscal 2023 Q4, resulting in adjusted operating expenses of $167.0 million[30] Future Projections - The company expects 2025 revenue to be approximately $1.795 to $1.825 billion, representing growth of approximately 2.5% to 4.3% compared to 2024 ongoing business[11] - Projected gross margin for 2025 is approximately 45.5%, an increase of 100 basis points compared to 2024[11] - The effective tax rate for 2025 is expected to be approximately 18.0%[11] - Adjusted diluted earnings per share for 2025 is projected to be in the range of $1.05 to $1.20, including an approximate $0.08 negative impact from foreign currency fluctuations[11] Balance Sheet and Cash Flow - Inventory at the end of Q4 2024 was $241 million, down $133 million or approximately 35.6% year-over-year[6] - Net debt decreased to $496 million, down $246 million or approximately 33.1% compared to the prior year[6] - Cash and cash equivalents at the end of the fiscal year were $152.1 million, a decrease from $184.6 million at the beginning of the year[23] - Total assets decreased to $1,668.8 million as of December 28, 2024, down from $2,062.8 million in the previous year[20] - The company reported a net cash provided by operating activities of $180.1 million for the fiscal year, an increase from $121.8 million in the previous year[23] Strategic Initiatives - The company plans to continue focusing on its direct-to-consumer operations and expanding into new markets[24] - The company is undergoing a transformation strategy to improve its brand portfolio and operational efficiency[24]

ROCKFORD, Mich., Feb. 10, 2025 /PRNewswire/ -- Merrell, the world's leading hiking and outdoor footwear brand, announced it has welcomed Richard McLeod as Chief Marketing Officer. Reporting to Janice Tennant, Merrell's Global Brand President, McLeod will be responsible for leading Merrell's global marketing and directing the creation of modern integrated marketing capabilities to further cement the brand's position as a global leader in the outdoor active and lifestyle space. MERRELL ANNOUNCES RICHARD M ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Wolverine World Wide (WWW) , which belongs to the Zacks Shoes and Retail Apparel industry, could be a great candidate to consider.When looking at the last two reports, this footwear maker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 44.05%, on average, in the last two quarters.For the most recent qu ...

Wolverine World Wide, Inc. (WWW) has demonstrated strong upward momentum, trading above its 50 and 200-day simple moving averages (SMAs). SMA is a key indicator of price stability and long-term bullish trends. The company ended Friday’s trading session at $22.79, above its 50 and 200-day SMAs of $22.41 and $15.65, respectively, highlighting a continued uptrend. This technical strength, combined with consistent momentum, indicates positive market sentiment and investor confidence in Wolverine’s financial sta ...

The brand-building, global leader will support product vision, strategy and innovationROCKFORD, Mich., Dec. 5, 2024 /PRNewswire/ -- Merrell, the world's leading hiking and outdoor footwear brand, announced it has welcomed Noreen Naroo-Pucci as Chief Product Officer. With a distinguished design career, Naroo-Pucci brings a wealth of creativity, leadership and business acumen to the hike, trail run and lifestyle footwear brand. The brand-building, global leader will support product vision, strategy and in ...

Gaughan, 15th-fastest among Trials qualifiers, races in the Saucony Endorphin EliteROCKFORD, Mich., Dec. 3, 2024 /PRNewswire/ -- Saucony, a global performance running lifestyle brand, has announced that Jackie Gaughan, a competitor in the 2024 U.S. Women's Olympic Marathon Trials, has signed a professional contract with the brand. Saucony® Signs Jackie Gaughan, 2024 U.S. Women’s Olympic Marathon Trials Qualifier Gaughan burst onto the sub-2:30 women's marathoning scene at the 2023 Berlin Marathon, secu ...

The partnership emphasizes how mentorship and outdoor equity can unlock curiosity, aspiration, and empowerment for young individualsROCKFORD, Mich., Dec. 2, 2024 /PRNewswire/ -- Merrell®, the world's leading hike and outdoor footwear brand, announced it has collaborated on an exclusive design of the brand's modern and innovative Moab Speed 2 in partnership with Big Brothers Big Sisters of America (BBBSA). The partnership supports the crucial need for mentorship and further promotes their shared mission to b ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

London-based women's activewear brand opens locations in Chicago and Washington, D.C. ROCKFORD, Mich., Nov. 19, 2024 /PRNewswire/ -- Sweaty Betty, the London-based women's activewear brand, is expanding in the U.S. with two new stores in Chicago's Southport neighborhood and Washington, D.C.'s Georgetown area, which opened on November 16 and 18, 2024, respectively. The brand is owned by Wolverine World Wide, Inc. (NYSE: WWW), a global leader in footwear and apparel known for its portfolio of brands including ...

The risk-on sentiment has been virtually non-stop since the Election Day results were announced. The large, looming uncertainty of the next four years has now been laid to rest. With a clear winner, investors could now focus on which industries they believed would benefit most from the incoming administration. What’s been evident early on, is that consumer cyclicals came back to life. It’s helping stocks like today’s Bull of the Day, Wolverine World Wide ((WWW) ). Wolverine World Wide, Inc. designs, manufac ...