Wolverine World Wide (WWW) AI Stock Analysis

• Market Cap: $2.36B
• Dividend Yield: 1.37%
• Average Volume (3M): 1.72M
• Price to Earnings (P/E): 29.1
• Beta (1Y): 1.70
• Revenue Growth: -2.83%
• EPS Growth: N/A
• Country: US
• Employees: 3,100
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 0.35
• Shares Outstanding: 81,254,350
• 10 Day Avg. Volume: 1,666,734
• 30 Day Avg. Volume: 1,719,369
• PEG Ratio: -0.18
• Price to Book (P/B): 5.85
• Price to Sales (P/S): 1.02
• P/FCF Ratio: 11.25
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 1.23
• Enterprise Value/Gross Profit: 2.67
• Enterprise Value/Ebitda: 14.06
• 1Y Price Target: $31.80
• Price Target Upside: 9.28% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10

• Rating: 69 Neutral
• 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 Business Overview & Revenue Model

Company Description

Wolverine 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 Money

Wolverine 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 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

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

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

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.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.82B	1.75B	2.24B	2.68B	2.41B	1.79B
Gross Profit	835.70M	781.50M	872.50M	1.07B	1.03B	735.60M
EBITDA	159.00M	130.50M	-46.20M	-137.30M	207.30M	-96.60M
Net Income	86.10M	47.90M	-39.60M	-189.10M	68.60M	-138.60M
Balance Sheet
Total Assets	1.81B	1.67B	2.06B	2.49B	2.59B	2.14B
Cash, Cash Equivalents and Short-Term Investments	141.00M	152.10M	179.00M	131.50M	161.70M	347.40M
Total Debt	860.50M	797.70M	1.09B	1.35B	1.12B	886.80M
Total Liabilities	1.33B	1.35B	1.76B	2.15B	1.94B	1.56B
Stockholders Equity	482.50M	307.30M	278.60M	339.00M	644.40M	573.00M
Cash Flow
Free Cash Flow	128.30M	159.90M	107.20M	-215.40M	69.20M	298.80M
Operating Cash Flow	151.40M	180.10M	121.80M	-178.90M	86.80M	309.10M
Investing Cash Flow	-15.00M	86.80M	171.60M	54.60M	-437.30M	6.10M
Financing Cash Flow	-146.30M	-299.20M	-246.30M	107.10M	169.30M	-154.00M

Wolverine World Wide Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 29.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RCKY	77 Outperform	219.79M	11.70	4.90%	2.11%	-0.09%	24.18%
SHOO	74 Outperform	2.41B	25.19	11.02%	2.53%	7.80%	-48.10%
WWW	69 Neutral	$2.36B	29.08	27.52%	1.37%	-2.83%	―
CROX	68 Neutral	4.21B	20.71	16.64%	―	2.04%	-71.52%
WEYS	68 Neutral	291.43M	11.50	10.43%	10.02%	-6.39%	-14.72%
CAL	63 Neutral	482.94M	8.22	9.74%	1.96%	-5.31%	-62.20%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Wolverine World Wide Corporate Events

Wolverine World Wide Appoints New Board Members

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.