Highest-materiality recent filing
Wolverine Q2 rev +6.8% to $506M, EPS $0.37; raises FY26 outlook
Q2 revenue $506.4M, +6.8% YoY; diluted EPS $0.37, adjusted EPS $0.40 (vs $0.32/$0.35 prior year).
Wolverine Q1 revenue $457.6M (+11% YoY), EPS $0.24, raises FY EPS guidance
Revenue $457.6M (+11.0% YoY, +7.3% constant currency), beating expectations.
Wolverine World Wide Announces 2026 Annual Meeting Voting Results
Four directors elected: Cheryl Abel-Hodges, William Gerber, Nicholas Long, Kathleen Wilson-Thompson each received over 68.9M votes for.
Wolverine Worldwide Q4 revenue $517.5M, EPS $0.38; FY2026 EPS guidance $1.31-$1.46
Q4 revenue $517.5M (+4.6% YoY); diluted EPS $0.38 (+35.7%), adjusted EPS $0.45 (+12.5%).
Wolverine Worldwide Q3 revenue $470M (+6.8%), adjusted EPS $0.36 beat; FY25 outlook reaffirmed
Q3 revenue $470.3M (+6.8% YoY); Active Group $352.8M (+10.7%), Work Group $105.9M (-2.9%).
Wolverine World Wide reduces credit facility to $600M, extends maturity to 2030
Revolving credit facility commitments reduced from $800M to $600M; term loan A eliminated.
Wolverine Q2 revenue up 11.5%, EPS $0.32; Q3 guidance issued
Revenue $474.2M (+11.5% YoY); Active Group revenue $355.5M (+16.2%) led by Saucony +41.5%.
Wolverine Worldwide appoints Cheryl Abel-Hodges and Jack Boyle to Board, effective July 1, 2025
Cheryl Abel-Hodges (CEO of Tommy John) and Jack Boyle (former President at Fanatics) join as independent directors.
Q1 revenue $412.3M (up 4.4% reported, 5.5% ongoing); gross margin 47.3% (record, +140bps); operating margin 4.8%.
Wolverine World Wide shareholders reelect directors, approve executive pay, reject GHG proposal
Directors Boromisa (67.9M for) and Hufnagel (68.5M for) elected for three-year terms.
President of International Group to depart Mar 2026; position eliminated, duties redistributed
Isabel Soriano's employment ends March 3, 2026 due to elimination of her role.
Q4 total ongoing revenue $494.7M (+3.0% YoY, +3.3% constant currency); GAAP diluted EPS $0.29 vs -$1.15 prior year.
Wolverine Q4 ongoing revenue +3.0%, adjusted EPS $0.42 vs -$0.26; FY25 guide above 2024
Q4 ongoing revenue $494.7M (+3.0% YoY); Work Group +20.6%, Merrell +1.0%, Wolverine +20.5%.
Wolverine World Wide director Jodi Bricker will not stand for re-election at 2025 annual meeting
Jodi Bricker notified the board she will not stand for re-election when her term expires at the 2025 Annual Meeting of Shareholders.
Wolverine World Wide voluntarily reduces revolver commitment from $1B to $800M
Revolving credit facility commitment reduced by $200M to $800M, effective December 11, 2024.
Wolverine Worldwide Q3 beats guidance; raises FY2024 revenue and EPS outlook
Q3 ongoing revenue $440.1M (-7.0% YoY); GAAP EPS $0.28, adjusted EPS $0.29, vs $0.11 prior year.
Wolverine Worldwide Q2 revenue and EPS beat guidance; raises FY2024 mid-point
Revenue $425.2M (ongoing $424.8M, down 18.4% YoY); adjusted EPS $0.15 beat prior guidance.
Wolverine World Wide files Q2 2024 investor deck; no financial figures in exhibit text
Filed an investor presentation dated Aug 7, 2024, for quarter ended June 29, 2024.
Wolverine Worldwide Q1 beats expectations on revenue and earnings; record gross margin 46.5%
Ongoing revenue $390.8M, down 24.5% YoY; adjusted EPS $0.05 vs $0.11 YoY.
CFO Stornant retiring after nearly 30 years; Taryn Miller appointed new CFO
Michael Stornant steps down as CFO on May 8, 2024, remains EVP through May 15, 2025 for transition.
Wolverine World Wide shareholders approve directors, executive pay, auditor, and 2024 incentive plan
Three directors elected: Brenda J. Lauderback, Stacia Andersen, and DeMonty Price, each with over 63M votes for.
Director David T. Kollat to retire at 2025 annual meeting
David T. Kollat notified board on May 1, 2024 of intention to retire at 2025 Annual Meeting.
Wolverine Worldwide Q4 revenue down 20.8% to $526.7M; guides 2024 adjusted EPS $0.65-$0.85
Q4 reported diluted EPS loss $1.15; adjusted diluted EPS loss $0.30.
Wolverine Worldwide sells Sperry brand to Authentic Brands and Aldo for ~$130M
Total proceeds of ~$130M in Q1 2024: $70M from ABG for IP, ~$27M from Aldo for inventory, plus $5M contingent payment.
Wolverine affirms preliminary FY2023 revenue ~$2.24B; net debt better than guidance
Preliminary FY2023 revenue ~$2.24B; ongoing business revenue ~$2.20B; both in line with prior guidance.
Wolverine Worldwide appoints Bishu Jayaram as CSO; EVP Jim Zwiers to depart May 2024
Jim Zwiers, EVP & President of Global Operations Group, will leave May 31, 2024 due to position elimination.
Wolverine WW Q3 rev down 24%; guides FY adjusted EPS $0.05-0.10; cuts workforce
Q3 revenue $527.7M (-23.7% YoY); ongoing rev $519.5M (-20.0% YoY).
Base salary $1M/year; target bonus 120% of base ($1.2M) under Executive STIP, max 200% of target ($2.4M).
Definitive agreement to sell Hush Puppies trademarks, patents, copyrights and domains in China/HK/Macau to Beijing Jiaman Dress for ~$58.8M.
Wolverine Worldwide reports Q2 revenue down 17.4%, lowers FY outlook; CEO replaced by Hufnagel
Q2 revenue $589.1M (-17.4% YoY); diluted EPS $0.30 vs $1.53; adjusted EPS $0.19 vs $0.65
Filed under Item 7.01 Regulation FD; presentation attached as Exhibit 99.1.
Wolverine World Wide to hold annual say-on-pay votes after shareholder majority vote
At 2023 annual meeting, majority voted for annual advisory say-on-pay frequency.
Wolverine Worldwide amends credit agreement, temporarily raises leverage covenant to 4.875x EBITDA
Amendment temporarily increases max consolidated leverage ratio from 4.5x to 4.875x EBITDA for remainder of fiscal 2023.
Wolverine Worldwide names Melissa Mullen as Sweaty Betty Global Brand President
Melissa Mullen appointed Global Brand President of premium activewear brand Sweaty Betty, effective June 12, 2023.
Wolverine Worldwide names Chris Hufnagel President, promotes Merrell and Saucony brand presidents
Christopher E. Hufnagel appointed President, effective June 4, 2023; previously President of Active Group.
Wolverine Q1 adjusted EPS $0.09 vs $0.38; exploring Sperry strategic alternatives
Reported revenue $599.4M (-2.5% YoY); ongoing business constant currency growth +2.9%.
All three director nominees elected: Gerber (65.5M for), Long (65.3M), Wilson-Thompson (63.3M).
Wolverine Worldwide appoints three new directors; Tom Long to succeed Blake Krueger as Chairman
Blake Krueger retiring as director on May 4, 2023, after ~30 years with the company.
Wolverine Worldwide Q4 GAAP EPS -$4.59 on $428.7M impairment; guides 2023 revenue growth 0-2%
Q4 revenue $665M (+4.6% YoY, +8.4% constant currency); GAAP diluted EPS -$4.59 vs -$0.18 prior year.
Wolverine Worldwide sells Keds brand for $83.6M, licenses Hush Puppies to Designer Brands
Sale of Keds closed Feb 4, 2023 for ~$83.6M cash, subject to customary post-closing adjustments.
Wolverine Worldwide updates FY22 outlook: revenue $2.685B, net debt down to $1.0B
FY22 revenue $2.685B, up ~11% YoY; Q4 revenue ~$665M, up ~5%.
Blake Krueger transitions from Executive Chairman to non-employee Chairman effective Jan 1, 2023
Krueger will no longer be an employee; receives $145K annual cash director fee plus $255K in RSUs.
Formal process to divest or license low-profit Keds brand and Wolverine Leathers business announced.
Wolverine director Gina Boswell resigns to become CEO of Bath & Body Works; board shrinks to 9
Director Gina Boswell notified board of resignation effective December 1, 2022 to focus on new CEO role at Bath & Body Works.
Wolverine reorganizes segments into Active, Work, Lifestyle; recasts prior financials
New Active segment (Merrell, Saucony, Sweaty Betty, Chaco) had FY21 revenue of $1,319.6M.
Q3 revenue $691.4M (+8.6% YoY); adjusted EPS $0.48, down from $0.56 prior year.
New reportable segments: Active (Merrell, Saucony, Sweaty Betty, Chaco), Work (Wolverine, Cat, Bates, Harley-Davidson, HyTest), Lifestyle (Sperry, Keds, Hush Puppies).
Wolverine World Wide adopts amended bylaws for universal proxy and DGCL changes
Enhanced disclosure requirements for stockholder nominations under Rule 14a-19.
Wolverine Worldwide Q2 revenue record $713.6M; full-year guidance cut on macro headwinds
Q2 revenue $713.6M (+12.9% YoY); GAAP EPS $1.53, adjusted EPS $0.66 (vs $0.67 prior year).
Wolverine sells Champion footwear trademarks to Hanesbrands for $90M cash
Keds subsidiary sold Champion marks for US, Canada, Puerto Rico to Hanesbrands for $90M.
Effective as of March 3, 2025, Wolverine World Wide, Inc. (the “Company”) and Isabel Soriano agreed that her employment as the Company’s President, International Group would end on March 3, 2026 (the “Termination Date”), due to the elimination of Ms. Soriano’s position.
On January 21, 2025, Jodi Bricker notified the Board of Directors (the “Board”) of Wolverine World Wide, Inc. (the “Company”) of her intention not to stand for re-election as a director of the Company when her term expires at the Company’s upcoming 2025 Annual Meeting of Shareholders.
Michael D. Stornant notified Wolverine World Wide, Inc. (the “Company”) of his intention to retire, and, effective May 8, 2024 (the “Transition Date”), Mr. Stornant will step down as Chief Financial Officer of the Company but will remain employed for a period of time to assist with the smooth transition of his duties.
The Company’s Board of Directors (the “Board”) has appointed Taryn Miller to serve as the Company’s new Chief Financial Officer, effective May 9, 2024.
On May 1, 2024, David T. Kollat notified the Board of Directors (the “Board”) of Wolverine World Wide, Inc. (the “Company”) of his intention to retire as a director of the Company effective upon the completion of his current term at the Company’s 2025 Annual Meeting of Shareholders.
Effective as of December 19, 2023, Wolverine World Wide, Inc. (the “Company”) and Jim Zwiers agreed that his employment as the Company’s Executive Vice President, President of Global Operations Group, would end on May 31, 2024, due to the elimination of Mr. Zwiers’ position.
Mr. Zwiers’ duties have been distributed throughout the organization, including to Bishu Jayaram, who has been promoted to serve as the Company’s Chief Supply Chain Officer.
Effective as of August 6, 2023, the Board of Directors (the “Board”) of the Company terminated the employment of Brendan Hoffman as the Company’s Chief Executive Officer without Cause
to serve as a director of the Company
Effective as of August 6, 2023, the Board appointed Christopher E. Hufnagel as President and Chief Executive Officer
effective as of August 6, 2023, Mr. Hoffman resigned as a director of the Company.
On May 31, 2023, Wolverine World Wide, Inc. (the “Company”) announced that the Company’s Board of Directors (the “Board”) appointed Christopher E. Hufnagel as the Company’s President, effective as of June 4, 2023.
Max materiality 0.85 · Median 0.62 · Most common event earnings