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 ...

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 ...

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 ...

Financial Data and Key Metrics Changes - First quarter revenue for the ongoing business was $390.8 million, exceeding the outlook of $360 million, with a significant improvement in demand trends and selling execution [43][44] - Adjusted gross margin reached 46.5%, better than the expected 46% and improved by 540 basis points year-over-year, attributed to a healthier sales mix and lower e-commerce promotions [45] - Adjusted operating margin was 5%, exceeding expectations, while adjusted diluted earnings per share were $0.05, also better than anticipated [47] Business Line Data and Key Metrics Changes - Merrell and Saucony led the balanced performance across the portfolio, with Merrell's Moab Speed 2 recognized as a top new product in the hiking category, driving strong sell-through [8][22] - Saucony's new product launches, including the Ride and Guide 17 and Triumph 22, have shown significant retail performance, with the Triumph 22 driving over 80% growth in its first week [19][20] - Wolverine brand's Trade Wedge and Rancher franchises are performing well, consistently beating sell-through forecasts [25] Market Data and Key Metrics Changes - Average weekly replenishment orders from wholesale partners accelerated from Q4 2023 to Q1 2024, indicating improved market conditions [12] - E-commerce demand has improved each month, with growth inflecting in March and accelerating further in April [12] - Saucony's global search interest increased by over 20% year-to-date compared to 2023, indicating growing consumer interest [32] Company Strategy and Development Direction - The company aims to stabilize and transform its operations, focusing on building strong global brands through innovative products and effective storytelling [8][15] - Continued investment in brand marketing is prioritized to capitalize on current momentum and build brand equity for the future [9] - The transition to a licensing model for Merrell and Saucony Kids is expected to simplify operations and leverage the global licensing team [48] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that while progress has been made, challenges remain in the marketplace, and the company is focused on optimizing operations and driving growth [14][80] - The outlook for fiscal 2024 revenue is projected to be between $1.68 billion and $1.73 billion, reflecting a decline from 2023 due to non-recurring revenue items [49] - The company expects significant gross margin expansion to precede an inflection to growth in the latter half of the year, with a focus on improving inventory management and cash flow [61][62] Other Important Information - Taryn Miller has been appointed as the new Chief Financial Officer, succeeding Mike Stornant, who is retiring after nearly three decades with the company [40][41] - The company is proactively addressing new product regulations related to PFAS, ensuring compliance in the future [56] Q&A Session Summary Question: Was there any revenue pull-forward outside of Europe? - Management indicated that there may have been an additional $2 million to $3 million in pull-forward across the business, but nothing significant outside of Europe [70][71] Question: Why was the sales guide unchanged despite the Q1 beat? - Management explained that while there were encouraging trends, a conservative approach was taken due to the need for sequential improvement and inventory management [73][75] Question: What is the outlook for Saucony? - Management expressed optimism about Saucony's prospects, highlighting strong product momentum and a focus on cleaning up the business while rationalizing the product line [84][86] Question: What are the drivers for gross margin expansion? - Management attributed gross margin expansion to improved supply chain performance, cost structure, and a healthier inventory mix, expecting these trends to continue [100][102] Question: What is the expected interest expense for the year? - The expected interest expense is projected to be about $40 million, down from $63 million in the previous year due to debt reduction efforts [97]

Wolverine Worldwide Investor Presentation | First Quarter 2024 Ending March 30th, 2024 + Investor Presentation | 1Q24 Forward-Looking Statements This presentation contains forward-looking statements, including statements regarding: the commercial drivers, competitive advantages and efficiencies of the Company's global platforms; the pace and urgency of the Company's strategic turnaround; the opportunity for inventory improvement; the Company's transformation and inflection to growth; future profitability; e ...

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 EXCEEDS FIRST QUARTER REVENUE AND EARNINGS EXPECTATIONS AND POSTS RECORD GROSS MARGIN Company reaf irms earnings guidance and updates revenue outlook for full year to reflect recent business model changes ROCKFORD, Mich., May 8, 2024 – Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the first quarter ended March 30, 2024. "We ...

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 30, 2023 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) | Delaware | | 38-1185150 | | --- | --- | --- | | State ...

Wolverine World Wide, Inc. (NYSE:WWW) Q4 2023 Earnings Conference Call February 21, 2024 8:30 AM ET Company Participants Alex Wiseman – Vice President-Finance, FP&A Chris Hufnagel – President and Chief Executive Officer Mike Stornant – Executive Vice President and Chief Financial Officer Conference Call Participants Jonathan Komp – Baird Jim Duffy – Stifel Abbie Zvejnieks – Piper Sandler Ashley Owens – KeyBanc Capital Markets Sam Poser – Williams Trading Mitch Kummetz – Seaport Global Securities Mauricio ...

Wolverine Worldwide Investor Presentation | Fourth Quarter 2023 Ending December 30th, 2023 + Investor Presentation | 4Q23 Forward-Looking Statements This presentation contains forward-looking statements, including statements regarding: anticipated benefits of the Company's global platforms and strategic transformation, including profitable growth and improved operating cash flow, opportunity to drive improvement in inventory, annual run rate savings and fiscal 2024 operating margin, lower fiscal 2024 supply ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-Q ________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 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 ______________________________ ...