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Last €24.10 EUR
Change Today -0.224 / -0.92%
Volume 0.0
WW4 On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 3:08 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

wolverine world wide inc (WW4) Snapshot

Open
€24.33
Previous Close
€24.32
Day High
€24.46
Day Low
€24.10
52 Week High
04/27/15 - €31.92
52 Week Low
10/14/14 - €19.18
Market Cap
2.5B
Average Volume 10 Days
100.0
EPS TTM
--
Shares Outstanding
103.1M
EX-Date
09/29/15
P/E TM
--
Dividend
€0.24
Dividend Yield
0.85%
Current Stock Chart for WOLVERINE WORLD WIDE INC (WW4)

wolverine world wide inc (WW4) Details

Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes 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, such as shoes, boots, and sandals under various brand names, including Bates, Cat, Chaco, Cushe, Harley-Davidson, Hush Puppies, HyTest, Keds, Merrell, Saucony, Sebago, Soft Style, Sperry Top-Sider, Stride Rite, and Wolverine. It also markets apparel and accessories under Merrell, Wolverine, Saucony, Sebago, and Sperry Top-Sider, as well as licenses its brands for use on non-footwear products, including Hush Puppies brand 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. It directly sells its products in the United States, Canada, and countries in Europe to various customers, including department stores, national chains, catalog retailers, specialty retailers, mass merchants and Internet retailers, and to governments and municipalities; and through retail stores, as well as through licensees and distributors. As of January 3, 2015, the company operated 417 retail stores in the United States and Canada, as well as 64 consumer-direct Websites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.

6,600 Employees
Last Reported Date: 03/3/15
Founded in 1883

wolverine world wide inc (WW4) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.6M
Senior Vice President and President of Intern...
Total Annual Compensation: $627.6K
President of Lifestyle Group
Total Annual Compensation: $418.7K
President of Global Operations Group
Total Annual Compensation: $408.7K
President of Performance Group
Total Annual Compensation: $278.7K
Compensation as of Fiscal Year 2014.

wolverine world wide inc (WW4) Key Developments

Wolverine World Wide Inc. Announces Unaudited Consolidated Earnings Results for the Twelve Weeks and Twenty Four Weeks Ended June 20, 2015; Reaffirms Earnings Guidance for the Full Year of 2015

Wolverine World Wide Inc. announced unaudited consolidated earnings results for the twelve weeks and twenty four weeks ended June 20, 2015. For the twelve weeks, the company reported revenue of $630.1 million compared to $613.5 million a year ago. Operating profit was $47.6 million compared to $49.0 million a year ago. Earnings before income taxes were $36.8 million compared to $38.5 million a year ago. Net earnings were $25.2 million compared to $27.6 million a year ago. Net earnings attributable to the company were $25.3 million or $0.24 per diluted share compared to $27.5 million or $0.27 per diluted share a year ago. Adjusted operating profit was $51.3 million compared to $55.0 million a year ago. Adjusted EPS was $0.27 per share compared to $0.31 per share a year ago. For the twenty four weeks, the company reported revenue of $1,261.5 million compared to $1,241.1 million a year ago. Operating profit was $111.2 million compared to $112.7 million a year ago. Earnings before income taxes were $91.9 million compared to $90.5 million a year ago. Net earnings were $65.3 million compared to $64.8 million a year ago. Net earnings attributable to the company were $65.4 million or $0.63 per diluted share compared to $64.6 million or $0.64 per diluted share a year ago. As at June 20, 2015, the company’s net debt was $612.4 million compared to $898.9 million a year ago. Net cash provided by operating activities was $94.9 million compared to $65.6 million a year ago. Additions to property, plant and equipment were $15.8 million compared to $12.5 million a year ago. The company reaffirmed earnings guidance for the full year of 2015. The company is narrowing its full-year revenue guidance and reaffirming its adjusted earnings per share guidance, as consolidated reported revenue is expected in the range of $2.82 billion to $2.85 billion, representing growth in the range of approximately 2% to 3% versus the prior year. Constant currency revenue growth is expected in the range of approximately 5% to 6%. Adjusted diluted earnings per share is expected in the range of $1.53 to $1.60. Constant currency adjusted diluted earnings per share is expected in the range of $1.68 to $1.75. The company reported diluted earnings per share in fiscal 2015 is expected in the range of $1.39 to $1.46. The company still expect full year tax rate to remain in line with previous guidance. The reported effective tax rate for the second quarter was 31.4%.

Wolverine World Wide Inc. Announces Amended and Extended the Senior Secured Credit Facilities

Wolverine World Wide Inc. announced that it has amended and extended the company's senior secured credit facilities. The amended credit agreement consists of a $450 million term loan and a $500 million revolving credit facility, an overall facility increase of $300 million. In addition to increasing the overall size of the company's borrowing capacity, the amended credit agreement extends the maturity date of the facilities, lowers the cost of the company's debt, lowers cash required during the first three years, increases flexibility with respect to stock repurchases and other restricted uses of cash.

Wolverine World Wide Plans Acquisitions

Wolverine World Wide Inc. (NYSE:WWW) plans to make acquisitions. has amended and extended the Company's senior secured credit facilities. The amended credit agreement consists of a $450 million term loan and a $500 million revolving credit facility, an overall facility increase of $300 million. Michael D. Stornant, Wolverine Worldwide's Senior Vice President and Chief Financial Officer said: "This amendment provides us with additional flexibility and liquidity to continue to invest in growth, fund possible future acquisitions, and repurchase shares - all while reducing our interest rate."

 

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Industry Analysis

WW4

Industry Average

Valuation WW4 Industry Range
Price/Earnings 21.1x
Price/Sales 1.0x
Price/Book 2.8x
Price/Cash Flow 21.2x
TEV/Sales 0.6x
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