Company Overview - Oxbow Capital Management initiated a new equity position in Wolverine World Wide valued at $54.43 million, acquiring 1.98 million shares during the third quarter [2][3][7] - Wolverine World Wide's current market capitalization is $1.48 billion, with a revenue of $1.85 billion and a net income of $87.20 million for the trailing twelve months [5] Stock Performance - As of the latest report, shares of Wolverine World Wide are priced at $18.06, reflecting a decline of approximately 19% over the past year, significantly underperforming the S&P 500, which has increased by about 17% in the same period [4] - The company's stock had previously seen a rise of roughly 24% through the first three quarters of the year, but has since fallen about 34% due to weaker-than-expected guidance from management [11] Financial Metrics - In the most recent quarter, Wolverine World Wide reported a revenue increase of 6.8% year over year to $470.3 million, with a gross margin expansion of 240 basis points to a record 47.5% [12] - Adjusted earnings per share (EPS) climbed to $0.36, up nearly 29% from the previous year, while inventory remained stable and net debt declined modestly [12] Strategic Positioning - Wolverine World Wide operates a diversified brand portfolio, including well-known names such as Merrell, Saucony, Sperry, Wolverine, and Hush Puppies, and utilizes a multi-channel distribution model to reach a broad customer base [9][10] - The company generates revenue through various channels, including wholesale distribution, direct-to-consumer retail, eCommerce platforms, and licensing agreements [9]