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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 ...
Wolverine World Wide(WWW) - 2020 Q2 - Earnings Call Transcript
2020-08-06 02:50
Wolverine World Wide, Inc. (NYSE:WWW) Q2 2020 Earnings Conference Call August 5, 2020 8:30 AM ET Company Participants Brett Parent - Vice President of Strategy and Investor Relations Blake Krueger - Chairman, Chief Executive Officer and President Mike Stornant - Senior Vice President and Chief Financial Officer Conference Call Participants Jim Duffy - Stifel Chris Svezia - Wedbush Jonathan Komp - Baird Dana Telsey - Telsey Advisory Group Matthew DeGulis - KeyBanc Erinn Murphy - Piper Sandler Alec Legg - B. ...
Wolverine World Wide(WWW) - 2020 Q2 - Earnings Call Presentation
2020-08-05 16:05
WOLVERINE | W 2Q20 EARNINGS CALL second quarter 2020, ending june 27, 2020 Forward Looking Statements | 2 This presentation contains forward-looking statements, including statements regarding the Company's expectations regarding its operating cash flow for the full year and its ability to generate cash flow in various economic environments. In addition, words such as "estimates," "anticipates," "believes," "forecasts," "step," "plans," "predicts," "focused," "projects," "outlook," "is likely," "expects," "i ...
Wolverine World Wide(WWW) - 2020 Q1 - Earnings Call Transcript
2020-04-22 23:03
Wolverine World Wide, Inc. (NYSE:WWW) Q1 2020 Earnings Conference Call April 22, 2020 8:30 AM ET Company Participants Paul Feyen – Investor Relations Blake Krueger – Chairman Chief Executive Officer and President Mike Stornant – Senior Vice President and Chief Financial Officer Conference Call Participants Jim Duffy – Stifel Erinn Murphy – Piper Sandler Jonathan Komp – Baird Dana Telsey – Telsey Advisory Matthew Degulis – KeyBanc Capital Markets Chris Svezia – Wedbush Chris Svezia – Wedbush Mitch Kummetz – ...