Last $26.91 USD
Change Today -0.02 / -0.07%
Volume 577.2K
WWW On Other Exchanges
Symbol
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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

wolverine world wide inc (WWW) Snapshot

Open
$26.90
Previous Close
$26.93
Day High
$27.07
Day Low
$26.83
52 Week High
12/31/13 - $34.10
52 Week Low
04/19/13 - $22.16
Market Cap
2.7B
Average Volume 10 Days
940.9K
EPS TTM
$1.39
Shares Outstanding
101.3M
EX-Date
03/28/14
P/E TM
19.3x
Dividend
$0.24
Dividend Yield
0.89%
Current Stock Chart for WOLVERINE WORLD WIDE INC (WWW)

wolverine world wide inc (WWW) Related Businessweek News

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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 Perfor...
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 Worldwide Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 28, 2013; Provides Earnings Guidance for the Full Year and First Quarter of Fiscal 2014

Wolverine Worldwide reported unaudited consolidated earnings results for the fourth quarter and full year ended December 28, 2013. Consolidated fourth quarter revenue was a record $740.8 million, growth of 0.6% vs. prior year pro forma revenue of $736.4 million and growth of 13.6% versus prior year reported revenue of $652.2 million. Operating profit was $18.0 million against $7.6 million a year ago. Loss before income taxes was $7.3 million against $8.2 million a year ago. Net loss attributable to Wolverine World Wide Inc. was $1.7 million or $0.02 diluted per share against $3.7 million or $0.04 diluted per share a year ago. Consolidated full-year revenue increased to a record $2.69 billion, representing growth of 5.6% versus prior year pro forma revenue of $2.55 billion and growth of 64.0% versus prior year reported revenue of $1.64 billion. Operating profit was $192.3 million against $113.7 million a year ago. Income before income taxes was $127.7 million against $94.2 million a year ago. Net earnings attributable to Wolverine World Wide Inc. were $100.4 million or $0.99 diluted per share against $80.7 million or $0.81 diluted per share a year ago. Net cash provided by operating activities was $202.3 million against $91.6 million a year ago. Additions to property, plant and equipment was $41.7 million against $14.9 million a year ago. Net debt was $935.8 million for the fiscal year ended 2013 against $1,078.6 million for the fiscal year ended 2013. Full-year consolidated revenue in the range of $2.775 to $2.85 billion, representing growth in the range of 3% to 6% versus reported fiscal 2013 revenue of $2.69 billion. Slight full-year gross margin expansion. Full-year interest expense of approximately $47 million. Full-year effective tax rate of approximately 28%. Adjusted fully diluted earnings per share in the range of $1.57 to $1.63, representing growth of 10% to 14% versus the fiscal 2013 adjusted earnings per share of $1.43. Reported fully diluted earnings per share are expected in the range of $1.52 to $1.58. Capital expenditures are expected in a range of $45 million to $50 million primarily for investments in consumer direct and information technology and for expansions of the Louisville, Kentucky distribution facility and Richmond, Indiana customer service center. Effective tax rate of approximately 28%. For the first quarter of 2014, the company's adjusted earnings per share expected in a range of $0.28 to $0.30 per share driven by the challenging U.S. retail conditions, unfavorable FX, brand investments plan for the quarter in support of future growth and a higher tax rate and share count, all only partially offset by the benefit from lower pension expense. Revenue to be modestly down compared to the prior year.

Wolverine World Wide Inc. Plans to Open 50 Stores in 2014

Wolverine World Wide Inc. announced it plans to open 50 stores in 2014.

Wolverine Worldwide Declares Quarterly Dividend Payable on May 1, 2014

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

 

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WWW

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Valuation WWW Industry Range
Price/Earnings 27.1x
Price/Sales 1.0x
Price/Book 3.2x
Price/Cash Flow 27.2x
TEV/Sales 0.5x
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