Last $26.34 USD
Change Today -0.43 / -1.61%
Volume 541.3K
WWW On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

wolverine world wide inc (WWW) Snapshot

Open
$26.57
Previous Close
$26.77
Day High
$26.57
Day Low
$26.15
52 Week High
12/31/13 - $34.10
52 Week Low
07/28/14 - $24.00
Market Cap
2.7B
Average Volume 10 Days
818.7K
EPS TTM
$1.45
Shares Outstanding
101.5M
EX-Date
09/29/14
P/E TM
18.2x
Dividend
$0.24
Dividend Yield
0.91%
Current Stock Chart for WOLVERINE WORLD WIDE INC (WWW)

wolverine world wide inc (WWW) Details

Wolverine World Wide, Inc. designs, manufactures, sources, and markets footwear, apparel, and accessories. The company operates through Lifestyle Group, Performance Group, and Heritage Group segments. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; children’s footwear; industrial work boots and apparel; and uniform shoes and boots. The company sources and markets a range of footwear styles for men, women, and children, including shoes, boots and sandals under various brand names, including Bates, Cat, Chaco, Cushe, Harley-Davidson, Hush Puppies, HyTest, Keds, Merrell, Patagonia, Saucony, Sebago, Soft Style, Sperry Top-Sider, Stride Rite, and Wolverine. It also markets apparel and accessories under Merrell, Saucony, Sebago, Sperry Top-Sider, and Wolverine, as well as licenses its brands for use on non-footwear products, including Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; Wolverine brand eyewear and gloves; and Keds, Saucony, Sperry Top-Sider, and Stride Rite brand apparel. In addition, the company markets pigskin leather under the Wolverine Warrior Leather, Weather Tight, and All Season Weather Leathers trademarks for use in the footwear industry. Wolverine World Wide, Inc. sells its products directly in the United States, Canada, and certain countries in Europe to a range of retail customers, including department stores, national chains, catalogs retailers, specialty retailers, mass merchants, Internet retailers, and governments and municipalities; and through its wholesale and retail operations, and licensees and distributors internationally. At of December 28, 2013, the company operated 463 retail stores in the United States, Canada, and the United Kingdom; and 63 consumer-direct Websites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.

7,274 Employees
Last Reported Date: 02/25/14
Founded in 1883

wolverine world wide inc (WWW) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.6M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $655.0K
President of The International Group
Total Annual Compensation: $659.7K
President of Global Operations Group
Total Annual Compensation: $408.7K
Compensation as of Fiscal Year 2013.

wolverine world wide inc (WWW) Key Developments

Wolverine World Wide Inc. Plans to Shut Down About 140 Stores over the Next 18 Months

Wolverine World Wide Inc. announced that it plans to shut down about 140 stores over the next 18 months and focus on selling more of its footwear online. About 60 stores will close by the end of the year 2014 and the rest will close by the end of 2015.

Wolverine World Wide Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 14, 2014; Revises Earnings Guidance for the Full Year of 2014

Wolverine World Wide Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 15, 2014. For the quarter, the company reported revenue of $613.5 million against $587.8 million for the same period in the last year. Operating profit was $49.0 million against $37.0 million for the same period in the last year. Earnings before income taxes were $38.5 million against $23.9 million for the same period in the last year. Net earnings attributable to the company were $27.5 million or $0.27 per diluted share against $17.9 million or $0.18 per diluted share for the same period in the last year. Net debt was $898.9 million, with the latter down $108.6 million from prior quarter end. Adjusted fully diluted earnings per share increased 34.8% to $0.31, compared to an adjusted $0.23 per diluted share in the prior year. Reported fully diluted earnings were $0.27 per share, an increase of 50% compared to the prior year's reported earnings of $0.18 per share. For the six months, the company reported revenue of $1,241.1 million against $1,233.7 million for the same period in the last year. Operating profit was $112.7 million against $88.0 million for the same period in the last year. Earnings before income taxes were $90.5 million against $61.6 million for the same period in the last year. Net earnings attributable to the company were $64.6 million or $0.64 per diluted share against $47.7 million or $0.48 per diluted share for the same period in the last year. Net cash provided by operating activities was $65.6 million against $87.5 million for the same period in the last year. Additions to property, plant and equipment were $12.5 million against $14.7 million for the same period in the last year. Operating free cash flow was $113.6 million for the six months of 2014. Based on revised expectations for the remainder of the year 2014, the company expects its full-year consolidated revenue to approximate $2.775 billion, representing growth of approximately 3% compared to prior year revenue of $2.69 billion. The company is reaffirming its adjusted earnings per share estimate in the range of $1.57 to $1.63 per share -- growth of 10% to 14% compared to prior year adjusted earnings per share of $1.43. On a reported basis, earnings per share are expected in the range of $1.32 to $1.38 per share and reflect the impact of the Strategic Realignment Plan outlined below.

Wolverine Worldwide Declares Quarterly Dividend, Payable on November 3, 2014

The Directors of Wolverine Worldwide declared a quarterly cash dividend of $0.06 per share of common stock. The dividend is payable on November 3, 2014, to stockholders of record on October 1, 2014.

 

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Industry Analysis

WWW

Industry Average

Valuation WWW Industry Range
Price/Earnings 23.3x
Price/Sales 1.0x
Price/Book 3.0x
Price/Cash Flow 23.2x
TEV/Sales 0.5x
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