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Last $34.33 USD
Change Today +1.03 / 3.09%
Volume 1.3M
WWW On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

wolverine world wide inc (WWW) Snapshot

Open
$33.37
Previous Close
$33.30
Day High
$34.36
Day Low
$33.17
52 Week High
04/24/15 - $34.36
52 Week Low
07/28/14 - $24.00
Market Cap
3.5B
Average Volume 10 Days
540.9K
EPS TTM
$1.58
Shares Outstanding
103.1M
EX-Date
06/29/15
P/E TM
21.7x
Dividend
$0.24
Dividend Yield
0.70%
Current Stock Chart for WOLVERINE WORLD WIDE INC (WWW)

wolverine world wide inc (WWW) 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 (WWW) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.6M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $598.1K
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
Compensation as of Fiscal Year 2014.

wolverine world wide inc (WWW) Key Developments

Wolverine World Wide Inc. Declares Quarterly Dividend, Payable on August 3, 2015

Wolverine World Wide Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share of common stock. The dividend is payable on August 3, 2015, to stockholders of record on July 1, 2015.

Wolverine World Wide Inc., Annual General Meeting, Apr 22, 2015

Wolverine World Wide Inc., Annual General Meeting, Apr 22, 2015., at 10:00 US Eastern Standard Time. Location: 9341 Courtland Drive. Agenda: To consider the election of the three director for three-year terms expiring in 2018; to consider the ratification of the audit committee's appointment of Ernst & Young LLP as the company's independent registered public accounting firm for fiscal year 2015; to consider the resolution approving compensation for the company's named executive officers; and to transact other business that may properly come before the meeting.

Wolverine World Wide Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Fiscal Year Ended January 3, 2015; Provides Earnings Guidance for the Year 2015

Wolverine World Wide Inc. announced unaudited consolidated earnings results for the fourth quarter and fiscal year ended January 3, 2015. For the quarter, the company’s revenue increased to a record $808.9 million, representing growth of 9.2% versus prior year revenue of $740.8 million, with each of the company's three brand operating groups contributing to the quarter's revenue growth. On a constant currency basis, revenue grew 10.1%. Adjusted diluted earnings per share increased 36.4% to $0.30, compared to an adjusted $0.22 per share in the prior year. Reported diluted earnings per share were $0.10, compared to a loss of $0.02 per share in the prior year. Operating free cash flow was a record $189.4 million, enabling the company to reduce interest-bearing debt by $195.7 million, including $175 million of voluntary principal payments, a portion of which were funded by the company's new accounts receivable financing facility. Operating profit was $29.6 million compared to $18 million a year ago. Earnings before income taxes was $13.1 million compared to loss before income taxes of $7.3 million a year ago. Net earnings was $11.2 million compared to net loss of $1.3 million a year ago. Net earnings attributable to equity holders of the company was $10.7 million compared to net loss of $1.7 million a year ago. Net cash provided by operating activities was $199.9 million. Net debt was $677 million compared to $935.8 million a year ago. For the full year, the company’s revenue was a record $2.76 billion, representing growth of 2.6% versus prior year revenue of $2.69 billion. Adjusted diluted earnings per share increased 13.3% to $1.62, compared to $1.43 per share in the prior year. Reported diluted earnings per share were $1.30, compared to $0.99 per share in the prior year. Operating free cash flow for the full year was a record $279.8 million. Operating profit was $229.9 million compared to $192.3 million a year ago. Earnings before income taxes was $181.5 million compared to $127.7 million a year ago. Net earnings was $133.9 million compared to $101 million a year ago. Net earnings attributable to equity holders of the company was $133.1 million compared to $100.4 million a year ago. Net cash provided by operating activities was $314.6 million compared to $202.3 million a year ago. Additions to property, plant and equipment was $30 million compared to $41.7 million a year ago. Adjusted operating profit was $272.1 million compared to $242.1 million a year ago. Adjusted diluted earnings per share were $1.62, representing growth of 13.3% and excellent earnings leverage. For the year 2015, the company expected revenue in the range of $2.82 billion to $2.87 billion, representing growth in the range of approximately 2% to 4% versus the prior year, reflecting negative foreign exchange, the impact of retail store closures associated with the company's realignment plan and the exit of the Patagonia Footwear license. Constant currency revenue growth is expected in the range of approximately 5% to 7%. Adjusted operating margin to decline approximately 80 basis points, driven primarily by the incremental brand-building investments and higher pension expense, partially offset by modest gross margin expansion. Reported operating margin is expected to be approximately flat to the prior year. Modestly lower interest expense of approximately $40 million. A modestly higher effective tax rate of approximately 27.5%. Adjusted diluted earnings per share in the range of $1.53 to $1.60, reflecting the incremental brand-building investments, higher pension expense and the negative impact of foreign exchange. Constant currency adjusted earnings per share is expected in the range of $1.71 to $1.78. Reported diluted earnings per share is expected in the range of $1.46 to $1.53. Adjusted operating margin is expected to be 9.1%.

 

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Industry Analysis

WWW

Industry Average

Valuation WWW Industry Range
Price/Earnings 25.6x
Price/Sales 1.2x
Price/Book 3.6x
Price/Cash Flow 25.8x
TEV/Sales 0.8x
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