Wolverine World Wide (WWW) AI Stock Analysis

• Market Cap: $1.44B
• Dividend Yield: 2.28%
• Average Volume (3M): 1.71M
• Price to Earnings (P/E): 16.7
• Beta (1Y): 1.96
• Revenue Growth: 3.61%
• EPS Growth: N/A
• Country: US
• Employees: 3,100
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 0.36
• Shares Outstanding: 81,967,896
• 10 Day Avg. Volume: 1,946,393
• 30 Day Avg. Volume: 1,708,595
• 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: 2.08
• Enterprise Value/Revenue: 1.61
• Enterprise Value/Gross Profit: 3.47
• Enterprise Value/Ebitda: 18.45
• 1Y Price Target: $23.57
• Price Target Upside: 34.53% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 1.33
• Revenue Forecast (FY): $1.87B

• Rating: 58 Neutral
• Price Target: $18.00 ▲(2.74% Upside)

Wolverine World Wide's overall stock score reflects moderate financial performance with strengths in profitability and operational efficiency. The positive earnings call guidance and brand performance are significant positives. However, technical indicators suggest bearish momentum, and high leverage poses financial risks. The valuation is moderate, offering some income potential but no significant discount.

Positive Factors

Revenue Growth

Consistent revenue growth, especially from strong brands like Merrell and Saucony, indicates a robust market position and effective brand strategy.

Gross Margin Improvement

Record gross margins reflect effective cost management and pricing strategies, enhancing profitability and financial health.

Cash Flow Generation

Strong cash flow generation supports operational flexibility and investment capacity, crucial for sustaining growth and managing debts.

Negative Factors

High Leverage

High leverage limits financial flexibility and increases risk, potentially impacting the company's ability to invest in growth opportunities.

Tariff Impact

Tariff-related cost pressures could erode margins and profitability, challenging the company's ability to maintain competitive pricing.

Operational Efficiency Challenges

Low operational margins indicate inefficiencies that could hinder profitability and competitiveness, necessitating strategic improvements.

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 various retail channels, including wholesale distribution, direct-to-consumer sales through branded retail stores, and e-commerce platforms. The company benefits from a broad geographic reach, with significant sales in North America and international markets. Key revenue streams include sales from its prominent brands, which are supported by strategic marketing initiatives and seasonal collections. Additionally, Wolverine partners with various retailers and distributors to extend its market presence, while also engaging in licensing agreements that allow third-party manufacturers to produce products under its brand names, further diversifying its income sources. The company's focus on product innovation and collaborations with influencers and athletes also helps drive consumer demand and brand loyalty, contributing to its overall profitability.

Wolverine World Wide Financial Statement Overview

Summary

Wolverine World Wide shows a mixed financial performance with positive revenue growth and strong cash flow generation. However, challenges include high leverage and relatively low operational margins, which need improvement for future stability.

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	1.85B	1.75B	2.24B	2.68B	2.41B	1.79B
Gross Profit	859.70M	781.50M	872.50M	1.07B	1.03B	735.60M
EBITDA	161.50M	130.50M	-46.20M	-171.00M	207.30M	-107.70M
Net Income	87.60M	47.90M	-39.60M	-188.30M	68.60M	-136.90M
Balance Sheet
Total Assets	1.71B	1.67B	2.06B	2.49B	2.59B	2.14B
Cash, Cash Equivalents and Short-Term Investments	133.90M	152.10M	179.00M	131.50M	161.70M	347.40M
Total Debt	822.10M	797.70M	1.09B	1.35B	1.12B	886.80M
Total Liabilities	1.32B	1.35B	1.76B	2.15B	1.94B	1.56B
Stockholders Equity	376.70M	307.30M	278.60M	320.60M	629.60M	561.40M
Cash Flow
Free Cash Flow	54.30M	159.90M	107.20M	-215.40M	69.20M	298.80M
Operating Cash Flow	76.20M	180.10M	121.80M	-178.90M	86.80M	309.10M
Investing Cash Flow	-21.20M	86.80M	171.60M	54.60M	-437.30M	6.10M
Financing Cash Flow	-58.90M	-299.20M	-246.30M	107.10M	169.30M	-154.00M

Wolverine World Wide Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 17.52
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WWW, the sentiment is Negative. The current price of 17.52 is below the 20-day moving average (MA) of 17.64, below the 50-day MA of 19.46, and below the 200-day MA of 20.10, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 43.93 is Neutral, neither overbought nor oversold. The STOCH value of 29.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WWW.

Wolverine World Wide Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RCKY	76 Outperform	$223.84M	10.91	8.67%	2.08%	4.13%	53.56%
WEYS	71 Outperform	$303.35M	12.53	9.57%	9.66%	-3.64%	-16.12%
CAL	67 Neutral	$436.24M	20.79	3.33%	2.11%	-2.83%	-86.19%
SHOO	66 Neutral	$3.10B	54.24	6.68%	1.97%	6.26%	-66.51%
CROX	63 Neutral	$4.67B	29.34	11.82%	―	<0.01%	-77.31%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
WWW	58 Neutral	$1.44B	16.71	25.57%	2.28%	3.61%	―

Wolverine World Wide Corporate Events

Wolverine World Wide Updates Credit and Receivables Agreements

On September 24, 2025, Wolverine World Wide, Inc. amended its Credit Agreement to introduce a $600 million revolving credit facility, replacing the previous $800 million facility, and eliminated the term loan A facility. The new facility, with a maturity date extended to September 24, 2030, is structured to meet the company’s capital needs with variable interest rates and commitment fees based on leverage ratios. Additionally, on September 25, 2025, the company amended its Receivables Purchase Agreement, extending the scheduled termination date to September 25, 2028.