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Wolverine World Wide (WWW)
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Wolverine World Wide (WWW) AI Stock Analysis

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WWW

Wolverine World Wide

(NYSE:WWW)

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Neutral 69 (OpenAI - 4o)
Rating:69Neutral
Price Target:
$30.00
▲(3.09% Upside)
Wolverine World Wide's overall score reflects strong technical momentum and positive earnings call highlights, offset by high leverage and valuation concerns. Strategic initiatives and new board appointments provide potential for future growth.
Positive Factors
Revenue Growth
Strong revenue growth in key brands like Saucony and Merrell indicates robust demand and effective market strategies, supporting long-term business expansion.
Gross Margin Expansion
Significant gross margin expansion reflects improved cost management and pricing power, enhancing profitability and competitive positioning.
Debt Reduction
Reducing net debt enhances financial flexibility and reduces interest burden, strengthening the company's balance sheet and long-term financial health.
Negative Factors
High Leverage
High leverage can limit financial flexibility and increase risk, potentially impacting the company's ability to invest in growth opportunities.
Tariff Impact
Tariff-related costs could pressure margins and profitability, posing a challenge to maintaining competitive pricing and market share.
Sweaty Betty Revenue Decline
Continued revenue decline in Sweaty Betty suggests brand-specific challenges that could hinder overall growth and require strategic adjustments.

Wolverine World Wide (WWW) vs. SPDR S&P 500 ETF (SPY)

Wolverine World Wide Business Overview & Revenue Model

Company DescriptionWolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. The company operates through two segments, Wolverine Michigan Group and Wolverine Boston Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots. The company sources, markets, and licenses a range of footwear styles, such as shoes, boots, and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Sweaty Betty, Wolverine, and Stride Rite brands. It also markets Merrell and Wolverine branded apparel and accessories, as well as licenses its brands for use on non-footwear products, including the Hush Puppies apparel, eyewear, watches, socks, handbags, and plush toys; Wolverine branded eyewear and gloves; and Keds, Saucony, and Sperry branded 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. Further, it operates brick and mortar retail stores, and eCommerce sites. The company sells its products to department stores, national chains, catalog and specialty retailers, independent retailers, uniform outlets, and mass merchant and government customers through retail stores, as well as through third-party licensees and distributors, and joint ventures. As of January 1, 2022, it operated 143 retail stores, as well as 65 consumer-direct eCommerce sites. Wolverine World Wide, Inc. was founded in 1883 and is based in Rockford, Michigan.
How the Company Makes MoneyWolverine World Wide generates revenue primarily through the sale of its branded footwear and apparel across multiple distribution channels, including wholesale, retail, and direct-to-consumer platforms. Key revenue streams include product sales through physical retail stores, e-commerce platforms, and partnerships with third-party retailers. The company also benefits from licensing agreements that allow other companies to produce and sell products under its brands. Significant partnerships with retailers and distributors enhance market reach and brand visibility, contributing to increased sales. Additionally, the company's focus on product innovation and expanding its brand portfolio helps drive consumer demand and revenue growth.

Wolverine World Wide Key Performance Indicators (KPIs)

Any
Any
Revenue by Segment
Revenue by Segment
Chart Insights
Data provided by:Main Street Data

Wolverine World Wide Earnings Call Summary

Earnings Call Date:Aug 06, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Nov 06, 2025
Earnings Call Sentiment Positive
The earnings call presented a generally positive view of Wolverine Worldwide's performance, with significant revenue growth and margin expansion driven by strong brand performance in Saucony and Merrell. However, challenges remain in Sweaty Betty and the Work Group, and there is concern over tariff impacts in the future.
Q2-2025 Updates
Positive Updates
Record Revenue Growth
Wolverine Worldwide exceeded expectations with double-digit revenue growth in Q2 2025, with Saucony up 42% and Merrell growing 11%.
Gross Margin Expansion
Achieved more than 400 basis points of gross margin expansion year-over-year, marking a quarterly record.
Strong Performance in Active Group
Active Group revenue increased by 16%, led by Saucony and Merrell, exceeding expectations.
Debt Reduction
Net debt reduced by $99 million, or 15%, compared to the same time last year.
Positive Brand Momentum
Strong brand performance with Saucony's new store openings and key city strategies, including successful events and collaborations.
Negative Updates
Sweaty Betty Revenue Decline
Sweaty Betty's revenue declined by 6% in Q2, despite sequential improvement, indicating ongoing challenges.
Tariff Impact
Projected $20 million impact from tariffs on U.S. imports in fiscal 2025, with most of the impact expected in Q4.
Mixed Direct-to-Consumer Performance
DTC revenue declined slightly, reflecting ongoing challenges in the channel.
Work Group Revenue Challenge
Work Group revenue would have been approximately flat year-over-year without a timing shift, indicating underlying challenges.
Company Guidance
During Wolverine Worldwide's second quarter fiscal 2025 earnings call, the company provided robust guidance for the third quarter, highlighting anticipated revenue in the range of $450 million to $460 million, reflecting year-over-year growth of approximately 3.3% at the midpoint. The Active Group is expected to grow by a mid-single-digit percentage, while the Work Group is projected to decline by a low single-digit percentage. Gross margin is forecasted to improve to about 47%, an increase of 170 basis points compared to the previous year, with an adjusted operating margin of 8.3%, up 60 basis points. Adjusted diluted earnings per share are anticipated to be between $0.28 and $0.32, compared to $0.29 in the prior year. The company also highlighted its strategic initiatives to mitigate the impact of tariffs, projecting a $20 million profit impact for 2025, with most of the tariff-related expenses expected to affect the fourth quarter.

Wolverine World Wide Financial Statement Overview

Summary
Wolverine World Wide shows positive revenue growth and strong cash flow generation. However, high leverage and relatively low operational margins present challenges. Improvement in operational efficiency and debt management is crucial.
Income Statement
65
Positive
Wolverine World Wide's income statement shows a moderate performance with a gross profit margin of 44.24% and a net profit margin of 4.15% for the TTM. Revenue growth is positive at 2.77%, indicating a recovery from previous declines. However, the EBIT and EBITDA margins are relatively low at 7.21% and 9.28% respectively, suggesting room for improvement in operational efficiency.
Balance Sheet
55
Neutral
The balance sheet reflects a high debt-to-equity ratio of 2.77, indicating significant leverage which could pose financial risks. Return on equity is strong at 24.80%, showing effective use of equity to generate profits. However, the equity ratio is low, suggesting a reliance on debt financing.
Cash Flow
70
Positive
Cash flow analysis reveals a healthy free cash flow growth rate of 15.79% and a strong free cash flow to net income ratio of 82.99%, indicating good cash generation relative to profits. The operating cash flow to net income ratio is lower at 24.22%, suggesting potential constraints in cash flow relative to net income.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.82B1.75B2.24B2.68B2.41B1.79B
Gross Profit835.70M781.50M872.50M1.07B1.03B735.60M
EBITDA159.00M130.50M-46.20M-137.30M207.30M-96.60M
Net Income86.10M47.90M-39.60M-189.10M68.60M-138.60M
Balance Sheet
Total Assets1.81B1.67B2.06B2.49B2.59B2.14B
Cash, Cash Equivalents and Short-Term Investments141.00M152.10M179.00M131.50M161.70M347.40M
Total Debt860.50M797.70M1.09B1.35B1.12B886.80M
Total Liabilities1.33B1.35B1.76B2.15B1.94B1.56B
Stockholders Equity482.50M307.30M278.60M339.00M644.40M573.00M
Cash Flow
Free Cash Flow128.30M159.90M107.20M-215.40M69.20M298.80M
Operating Cash Flow151.40M180.10M121.80M-178.90M86.80M309.10M
Investing Cash Flow-15.00M86.80M171.60M54.60M-437.30M6.10M
Financing Cash Flow-146.30M-299.20M-246.30M107.10M169.30M-154.00M

Wolverine World Wide Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price29.10
Price Trends
50DMA
27.20
Positive
100DMA
22.19
Positive
200DMA
19.94
Positive
Market Momentum
MACD
0.66
Positive
RSI
45.58
Neutral
STOCH
22.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WWW, the sentiment is Neutral. The current price of 29.1 is below the 20-day moving average (MA) of 31.03, above the 50-day MA of 27.20, and above the 200-day MA of 19.94, indicating a neutral trend. The MACD of 0.66 indicates Positive momentum. The RSI at 45.58 is Neutral, neither overbought nor oversold. The STOCH value of 22.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WWW.

Wolverine World Wide Risk Analysis

Wolverine World Wide disclosed 34 risk factors in its most recent earnings report. Wolverine World Wide reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Wolverine World Wide Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
219.79M11.704.90%2.11%-0.09%24.18%
74
Outperform
2.41B25.1911.02%2.53%7.80%-48.10%
69
Neutral
$2.36B29.0827.52%1.37%-2.83%
68
Neutral
4.21B20.7116.64%2.04%-71.52%
68
Neutral
291.43M11.5010.43%10.02%-6.39%-14.72%
63
Neutral
482.94M8.229.74%1.96%-5.31%-62.20%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
WWW
Wolverine World Wide
29.10
13.38
85.11%
CROX
Crocs
77.14
-67.69
-46.74%
RCKY
Rocky Brands
29.43
0.75
2.62%
SHOO
Steven Madden
33.16
-14.54
-30.48%
WEYS
Weyco Group
30.55
-0.63
-2.02%
CAL
Caleres
14.27
-17.59
-55.21%

Wolverine World Wide Corporate Events

Executive/Board ChangesBusiness Operations and Strategy
Wolverine World Wide Appoints New Board Members
Positive
Jul 8, 2025

On July 1, 2025, Wolverine World Wide, Inc. appointed Cheryl Abel-Hodges and Jack Boyle to its Board of Directors. Both bring significant experience in merchandising, brand management, and omnichannel retail, which is expected to enhance the company’s strategic direction. Abel-Hodges, CEO of Tommy John, Inc., and Boyle, former President at Fanatics Holdings, Inc., are anticipated to provide valuable insights as Wolverine Worldwide continues to expand its global brand presence.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 19, 2025