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 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 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%.
Q1 revenue $412.3M (up 4.4% reported, 5.5% ongoing); gross margin 47.3% (record, +140bps); operating margin 4.8%.
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 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 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 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 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).
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
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%.
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%.
Formal process to divest or license low-profit Keds brand and Wolverine Leathers business announced.
Q3 revenue $691.4M (+8.6% YoY); adjusted EPS $0.48, down from $0.56 prior year.
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