Wolverine World Wide Stock News

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Wolverine's (WWW) fourth-quarter results reflect a robust portfolio of iconic brands and operational strategies. Direct-to-consumer revenues advanced 60% year over year.

Wolverine's (WWW) fourth-quarter results reflect a robust portfolio of iconic brands and operational strategies. Direct-to-consumer revenues advanced 60% year over year.

Wolverine (WWW) delivered earnings and revenue surprises of 0% and 0.99%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Wolverine World Wide, Inc.'s (WWW) CEO Brendan Hoffman on Q4 2021 Results - Earnings Call Transcript

Wolverine World Wide Inc. reported Wednesday and adjusted profit that topped expectations and revenue that gross margin that rose from a year ago, as the acquisition of the Sweaty Betty apparel brand helped boost ecommerce sales. Shares of the apparel company, which brands include Sperry, Keds, Merrell and Stride Rite, were still inactive in premarket trading. The net loss for the quarter to Jan. 1 narrowed to $14.6 million, or 18 cents a share, from $170.7 million, or $2.10 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 41 cents was above the FactSet consensus of 40 cents. Revenue grew 24.7% to $635.6 million, beating the FactSet consensus of $629.2 million, with ecommerce sales rising 58.3%. Cost of goods sold rose 22.3% to $373.2 million, as gross margin improved to 41.3% from 40.1%. For 2022, the company expects adjusted EPS of $2.50 to $2.65, surrounding the FactSet consensus of $2.62, and revenue of $2.775 billion to $2.850 billion, in line with expectations of $2.833 billion.

Wolverine World Wide press release (WWW): Q4 Non-GAAP EPS of $0.41 in-line.Revenue of $635.6M (+24.7% Y/Y) beats by $5.4M.For FY2022, the company expects adjusted diluted EPS of $2.50

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the fourth quarter and full-year ended January 1, 2022. The Company also provided its initial fiscal 2022 outlook. We are pleased that the Company managed through a challenging supply chain to deliver nearly 25% revenue growth in the fourth quarter, said Brendan Hoffman, Wolverine Worldwides President and Chief Executive Officer. I am thrilled to be leading the organization at such