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Wolverine World Wide Q2: Waiting For Saucony Momentum To Show
Seeking Alpha· 2024-08-13 13:04
GAPS Wolverine World Wide, Inc. (NYSE:WWW) reported the company's Q2 results on the 7th of August in pre-market hours, beating Wall Street revenue and EPS estimates by a considerable margin. Yet, the stock fell by -7% to the results, seemingly as the brands' sales declines still don't have a near-term end in sight. In my previous article on the stock, "Wolverine World Wide: Sales Improvements Need To Start Showing Soon," I remained at a Hold rating for Wolverine as the turnaround potential was nearly fairly ...
Wolverine (WWW) Q2 Earnings Beat Estimates, Revenues Dip Y/Y
ZACKS· 2024-08-08 16:15
Wolverine World Wide, Inc. (WWW) reported mixed second-quarter 2024 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. However, both metrics fell year over year. Wolverine posted better-than-expected revenues and earnings for the second quarter, reflecting significant progress in its ambitious turnaround plan initiated a year ago. The company has focused on becoming more consumer-centric and adopting a global brand-building model. This strategy has been executed with speed and ...
Wolverine World Wide(WWW) - 2024 Q2 - Earnings Call Transcript
2024-08-07 18:36
Wolverine World Wide, Inc. (NYSE:WWW) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Alex Wiseman - Vice President-Finance Chris Hufnagel - President and Chief Executive Officer Taryn Miller - Executive Vice President and Chief Financial Officer Conference Call Participants Jim Duffy - Stifel Mauricio Serna - UBS Dana Telsey - Telsey Group Sam Poser - Williams Trading Laurent Vasilescu - BNP Paribas Mitch Kummetz - Seaport Research Ashley Owens - KeyBanc Capital Markets Jona ...
Wolverine World Wide (WWW) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-08-07 12:41
Wolverine World Wide (WWW) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this footwear maker would post earnings of $0.05 per share when it actually produced earnings of $0.05, delivering no surprise. Over the last four quarters, the company ...
Wolverine World Wide(WWW) - 2024 Q2 - Quarterly Results
2024-08-07 10:36
Exhibit 99.1 9341 Courtland Drive NE, Rockford, MI 49351 Phone (616) 866-5500 FOR IMMEDIATE RELEASE CONTACT: Alex Wiseman (616) 863-3974 WOLVERINE WORLDWIDE REPORTS 2024 SECOND QUARTER REVENUE AND EARNINGS ABOVE GUIDANCE Raises mid-point of guidance range for fiscal year 2024 revenue and earnings ROCKFORD, Mich., August 7, 2024 – Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the second quarter ended June 29, 2024. "We delivered better-than-expected revenue and earnings in the s ...
Wolverine and Metallica Scholars Launch Fifth Collection to Champion Skilled Trades Workers
Prnewswire· 2024-08-01 13:23
America's original work boot brand and Metallica's workforce education initiative come together to launch a limited-edition Rancher Boot that benefits the skilled trades. ROCKFORD, Mich., Aug. 1, 2024 /PRNewswire/ -- Wolverine®, the 141-year-old boot and clothing company, and Metallica Scholars, the workforce education initiative within Metallica's foundation, All Within My Hands (AWMH) have once again united to champion the next generation of skilled workers. Banding together since 2019, Wolverine and Meta ...
Wolverine Unveils Limited-Edition 1000 Mile Boot to Honor University of Michigan Team #144 National Championship Victory
Prnewswire· 2024-07-25 13:03
America's original work boot brand and the winningest team in college football come together to launch a limited-edition Team #144 1000 Mile Boot "We take immense pride in our work with the University of Michigan Football players —a partnership that embodies our core values of resilience and hard work," said Scott Schoessel, Wolverine Boots Chief Marketing Officer. "Presenting the Wolverine x University of Michigan Team #144 Commemorative 1000 Mile Boot to fans is a true honor." A limited number of boots ar ...
Saucony® Launches All-New Hurricane 24
Prnewswire· 2024-07-08 11:43
The Hurricane showcases a revolutionary transformation, boasting a dual cushioning system of PWRRUN PB and PWRRUN, delivering the brand's ultimate cushioning experience ROCKFORD, Mich., July 8, 2024 /PRNewswire/ -- Saucony, a leading global performance running lifestyle brand, has launched the completely redesigned Hurricane 24, featuring an all-new dual-cushioning system for all-day comfort and protection. Transformed from the ground up, the brand's new flagship max-cushioned trainer pairs plush, energy-re ...
Saucony® Athlete Malindi Elmore To Run Marathon in Paris in the Endorphin Elite 2
Prnewswire· 2024-07-01 13:45
Game-changing super shoe features a new next-level foam designed to unlock performance potential ROCKFORD, Mich., July 1, 2024 /PRNewswire/ -- Saucony, a leading global performance running lifestyle brand, has announced that three-time Canadian Olympic marathoner and Saucony athlete Malindi Elmore will be wearing the game-changing Endorphin Elite 2 during the upcoming marathon in Paris. The Elite 2 is the brand's race-ready super shoe featuring a new groundbreaking foam designed to unlock every runner's per ...
Wolverine World Wide(WWW) - 2024 Q1 - Earnings Call Transcript
2024-05-08 18:50
Wolverine World Wide, Inc. (NYSE:WWW) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Alex Wiseman – Vice President-Finance Chris Hufnagel – President and Chief Executive Officer Mike Stornant – Executive Vice President and Chief Financial Officer Conference Call Participants Mitch Kummetz – Seaport Research Laurent Vasilescu – BNP Paribas Sam Poser – William's Trading Jonathan Komp – Baird Mauricio Serna – UBS Dana Telsey – Telsey Group Ashley Owens – KeyBanc Capital Markets Op ...