Last $29.06 USD
Change Today +0.52 / 1.82%
Volume 917.9K
WWW On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 11/21/14 All times are local (Market data is delayed by at least 15 minutes).

wolverine world wide inc (WWW) Snapshot

Open
$29.24
Previous Close
$28.54
Day High
$29.56
Day Low
$28.73
52 Week High
12/31/13 - $34.10
52 Week Low
07/28/14 - $24.00
Market Cap
3.0B
Average Volume 10 Days
753.0K
EPS TTM
$1.50
Shares Outstanding
101.6M
EX-Date
09/29/14
P/E TM
19.3x
Dividend
$0.24
Dividend Yield
0.83%
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
Senior Vice President and President of the In...
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. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 6, 2014; Reaffirms Earnings Guidance for the Full Year of 2014

Wolverine World Wide Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 6, 2014. For the quarter, the company reported revenue of $711.1 million against $716.6 million a year ago. Operating profit was $87.6 million against $86.3 million a year ago. Earnings before income taxes were $77.9 million against $73.4 million a year ago. Net earnings attributable to the company were $57.8 million or $0.57 per diluted share against $54.4 million or $0.54 per diluted share a year ago. Net debt was $865.1 million as at September 6, 2014. Net cash provided by operating activities was $49.1 million against $114.7 million a year ago. Adjusted diluted earnings per share increased 8.6% to $0.63, compared to an adjusted $0.58 per share in the prior year. For the nine months, the company reported revenue of $1,952.2 million against $1,950.3 million a year ago. Operating profit was $200.3 million against $174.3 million a year ago. Earnings before income taxes were $168.4 million against $135.0 million a year ago. Net earnings attributable to the company were $122.4 million or $1.20 per diluted share against $102.1 million or $1.02 per diluted share a year ago. Net cash provided by operating activities was $114.7 million against $125.4 million a year ago. Additions to property, plant and equipment was $21.4 million against $29.2 million a year ago. The company announced based on third-quarter results and expectations for the balance of the year, the company is adjusting its outlook for full-year consolidated revenue to approximately $2.745 billion, representing growth of approximately 2% compared to the prior year's revenue of $2.69 billion. The company is reaffirming its adjusted diluted earnings per share estimate in the range of $1.57 to $1.63 growth of 10% to 14% compared to the prior year's adjusted diluted earnings per share of $1.43. On a reported basis, diluted earnings per share are expected in the range of $1.32 to $1.38. The company now expects full year gross margin to be essentially flat with the prior year, due to lower revenue from the higher gross margin consumer direct channel. Capital expenditures are now expected in the range of $35 million to $40 million.

Wolverine Worldwide Appoints Roxane Divol to Board of Directors

Wolverine Worldwide announced the appointment of Roxane Divol to the company's Board of Directors. Ms. Divol, 42, is the Senior Vice President of Alliances for Symantec Corporation. Prior to joining Symantec, Ms. Divol was a partner in the San Francisco office of McKinsey & Company.

Wolverine Worldwide Appoints Melissa A. Howell as Senior Vice President of Global Human Resources

Wolverine Worldwide announced the appointment of Melissa A. Howell to the position of Senior Vice President of Global Human Resources. Ms. Howell will report directly to Blake Krueger, Wolverine Worldwide's Chairman, Chief Executive Officer and President. Ms. Howell has more than 24 years of experience in human resource management with General Motors Company. Ms. Howell most recently served as Senior Vice President of Global Human Resources and also held numerous other human resource leadership roles during her time with the company.

 

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Industry Analysis

WWW

Industry Average

Valuation WWW Industry Range
Price/Earnings 24.6x
Price/Sales 1.1x
Price/Book 3.1x
Price/Cash Flow 24.5x
TEV/Sales 0.6x
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