Core Insights - Chaco has launched the CushZ Sandal, emphasizing lightweight comfort, sustainability, and performance for casual use [1][2][4] Product Features - The CushZ Sandal is designed for casual occasions, weighing 50% less than the Z/1 Classic, and features an ultra-comfortable footbed and padded mesh collar [2][4] - The sandal is priced at $80 and is certified by the American Podiatric Medical Association [3] - Key benefits include a featherlight build for ease of movement, cushioned comfort for all-day wear, and a padded mesh collar for instant relief [4] Sustainability and Materials - The CushZ Sandal is made with REPREVE® webbing, crafted from 100% recycled materials, promoting eco-conscious choices for consumers [4] - Chaco's commitment to sustainability is further demonstrated by its repairable sandals, keeping over 20,000 sandals out of landfills annually [6] Brand Mission and Consumer Trends - Chaco aims to create adaptable and durable footwear, aligning with evolving consumer preferences for health-conscious and ergonomic designs [4] - The brand's focus is on providing proper support and cushioning to promote foot health and overall well-being [4]

Core Viewpoint - Wolverine World Wide reported quarterly earnings of $0.29 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, and showing significant growth from $0.07 per share a year ago, indicating a strong performance in the footwear sector [1][2]. Financial Performance - The company achieved revenues of $440.2 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.42%, although this represents a decline from $527.7 million in the same quarter last year [2]. - Over the last four quarters, Wolverine has exceeded consensus EPS estimates two times and topped revenue estimates four times [2]. Stock Performance - Wolverine shares have increased approximately 80.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.3% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $490.34 million, and for the current fiscal year, it is $0.85 on revenues of $1.73 billion [7]. - The trend of estimate revisions for Wolverine is mixed, which may change following the recent earnings report [6]. Industry Context - The Shoes and Retail Apparel industry, to which Wolverine belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges ahead [8].

Core Viewpoint - Value investing remains a preferred strategy for identifying strong stocks in various market conditions, focusing on companies believed to be undervalued based on fundamental analysis [2][3]. Company Analysis: Wolverine World Wide (WWW) - Wolverine World Wide holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4]. - The stock is currently trading at a P/E ratio of 12.83, significantly lower than the industry average of 25.05, suggesting it may be undervalued [4]. - Over the past year, WWW's Forward P/E has fluctuated between a high of 52.92 and a low of 5.69, with a median of 11.78, further indicating volatility in valuation [4]. - The company has a P/B ratio of 4.61, which is favorable compared to the industry average of 7.18, showing a solid market value relative to its book value [5]. - WWW's P/B ratio has ranged from a high of 5.33 to a low of 1.67 over the past year, with a median of 3.35, reflecting its valuation dynamics [5]. - The P/S ratio for WWW is 0.66, lower than the industry average of 0.95, reinforcing the notion of undervaluation as sales figures are less susceptible to manipulation [6]. - Overall, the combination of these metrics suggests that WWW is likely undervalued, supported by a strong earnings outlook, making it an attractive value stock [7].

We expect Wolverine World Wide, Inc. (WWW) to register top-line decline and bottom-line growth when it reports third-quarter 2024 earnings on Nov. 7, before market open. Investors are paying close attention for insights into the company’s performance and strategic direction.The Zacks Consensus Estimate for revenues is pegged at $421.1 million, indicating a decrease of 20.2% from the prior-year figure.The consensus mark for the bottom line has remained unchanged in the past 30 days at 21 cents, which indicat ...

Core Insights - Merrell and Jeep have launched a second footwear collaboration, focusing on hiking innovation and off-road exploration technologies [2][3] - The new collection features the Moab Speed 2 hiking shoes, designed to appeal to outdoor enthusiasts and early adopters [2][3] Product Details - The Merrell x Jeep Moab Speed 2 shoes will be available on November 12, priced at US $180 and CA $190, in four colorways inspired by Jeep paint colors [3] - Key features include a metallic upper inspired by Jeep vehicles, radiator grill-like mesh, seatbelt-inspired webbing, and electric blue trim [3] - The Moab Speed 2 incorporates FloatPro™ Foam for lightweight comfort, Vibram lugs for traction, and recyclable materials for sustainability [3] Marketing and Promotion - The collaboration aims to engage consumers and reach a broader audience, leveraging the bold colors and technologies of the Jeep brand [4] - A promotional road trip from Michigan to Nevada will showcase the Jeep 4xe and Moab Speed 2, with content creators documenting the journey [4] Retail Availability - The collection will be available at key retailers, including Zappos in the U.S. and Sports Experts in Canada [5] Company Background - Merrell is a leader in outdoor active footwear, committed to sustainability and inclusivity, and was named Footwear News' 2022 Brand of the Year [6] - Jeep has over 80 years of heritage, focusing on capability and versatility, with plans to electrify its entire vehicle range by 2025 [7]

Core Insights - Wolverine World Wide, Inc. (WWW) shares are currently trading 14.6% below their 52-week high, prompting investors to consider their next moves as the holiday season approaches [1] - Over the past six months, WWW stock has gained 47.3%, significantly outperforming the Zacks Shoes and Retail Apparel industry's decline of 6.3% [1] - The company has demonstrated enhanced operational efficiency and product initiatives, outperforming the broader Zacks Consumer Discretionary sector and the S&P 500 index [2] Financial Performance - Wolverine's stock closed at $15.81, trading above its 200-day and 50-day simple moving averages of $12.20 and $15.18, indicating a continued uptrend and positive market sentiment [3] - The company achieved a 400-basis-point increase in adjusted gross margin to 43.1% in the second quarter, driven by effective cost management and pricing strategies [8] - Adjusted earnings per share are anticipated to be between 75 cents and 85 cents, an increase from the previous range of 65-85 cents, despite a projected negative impact from foreign exchange fluctuations [11] Strategic Initiatives - Wolverine has made significant investments in demand generation, particularly in marketing and advertising, enhancing brand visibility and customer loyalty [5] - The company has successfully launched products under its flagship brand Saucony, with revenue contribution increasing by 900 basis points year over year and e-commerce sales growing over 20% [6] - A proactive approach to debt reduction has led to a net debt of $666 million, reflecting a $270 million decrease from the previous year, enhancing financial flexibility [7] Future Outlook - Wolverine anticipates a significant increase in gross margin, projecting an adjusted figure of 44.5% at the midpoint for 2024, representing a year-over-year rise of 460 basis points [9] - The company expects adjusted selling and general administrative expenses to decrease to $640 million, or 37.5% of sales, down from $716 million reported in 2023 [10] - For the third quarter, Wolverine predicts a gross margin of 45%, reflecting a 300-basis-point year-over-year increase [12] Valuation - From a valuation perspective, Wolverine's shares are trading at a forward 12-month price-to-earnings ratio of 13.11, below the industry average of 25.79, indicating an attractive investment opportunity [13] - The stock currently holds a Value Score of A, further validating its appeal to investors [13] Conclusion - Wolverine's strong operational efficiency, innovative product initiatives, and proactive debt reduction strategy position the company for continued growth, making its stock an attractive consideration for investors [14]

Wolverine World Wide, Inc. (WWW) is trading at a notable low price-to-earnings (P/E) multiple, which is below the Zacks Shoes and Retail Apparel industry and the broader Consumer Discretionary sector's averages. WWW's forward 12-month P/E ratio is 13.64, lower than the industry's and the sector's ratios of 26.53 and 18.93, respectively. This stock is undervalued than its industry peers, offering compelling value to investors looking for exposure to the sector. WWW's Value Score of A underscores its appeal a ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following 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 in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Embrace the Elements with Saucony's Waterproof Footwear Collection, Available October 1 ROCKFORD, Mich., Sept. 30, 2024 /PRNewswire/ -- Saucony, a leading global performance running and lifestyle brand, is launching a collection of its highly favored designs featuring advanced Gore-Tex technology on October 1, available at saucony.com/en/dual-gtx-styles and select retailers. This new collection features the Triumph 22, Kinvara 15, Grid Peak, Peregrine 14, Ride TR2 and Grid Shadow 2, each enhanced to provide ...

Wolverine World Wide (WWW) shares ended the last trading session 6.8% higher at $17.18. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 18.2% gain over the past four weeks. Wolverine's stock rally is an extension of its ongoing innovation efforts, which have impressed investors. The company's emphasis on delivering trend-driven, innovative products has strongly resonated with consumers. Saucony, one of Wolverine's ...