Wolverine Worldwide news and archive

Wolverine Worldwide surprises with strong second quarter growth

US footwear and apparel supplier Wolverine World Wide Inc. (Wolverine Worldwide) continued on a growth path in the second quarter of the 2025 financial year. On Wednesday, the group announced surprisingly strong increases in revenue and earnings. In the three months to 28 June, consolidated revenue amounted to 474.2 million dollars. This...

Fashion

Cat Footwear launches collection to honour Caterpillar’s centennial anniversary

Cat Footwear, a division of Wolverine World Wide, Inc. and official footwear licensee of Caterpillar, is celebrating 100 years of innovation at the American construction, mining and other engineering equipment manufacturer with a limited-edition footwear collection. The Cat Footwear Centennial collection is described as a “tribute to the...

Business|In Pictures

Wolverine Worldwide unveils renovations to global headquarters in Michigan

American footwear and apparel company Wolverine Worldwide, which includes brands Merrell, Saucony and Sweaty Betty, has unveiled a major renovation to its global headquarters in Rockford, Michigan. The upgrade to its headquarters is part of the company’s continued efforts to “modernise facilities, centralise core business operations, and attract...

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Business

Merrell and Saucony Drive Wolverine Worldwide's Q1 performance

Wolverine Worldwide reported positive financial results for the first quarter of 2025, showcasing a turnaround driven by strong performance from its Merrell and Saucony brands. The company achieved a 4.4 percent year-over-year increase in total revenue, reaching 412.3 million dollars, with ongoing business revenue up 5.5 percent to 412.3 million...

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Business

Despite positive Q4, Wolverine Worldwide's 2025 guidance disappoints investors

Footwear and apparel giant Wolverine Worldwide met fourth-quarter earnings expectations and narrowly beat revenue forecasts, but its 2025 projections fell short of Wall Street's hopes. As reported by Investing.com, the company posted adjusted earnings per share of 42 cents for the fourth quarter, matching analyst predictions. Revenue reached...

People

Brett Parent named Wolverine Worldwide's first chief strategy officer

American footwear retailer Wolverine Worldwide has named Brett Parent as its new chief strategy officer, effective February 3, 2025. This newly created role will see Parent leading the development and execution of the company's enterprise strategy, identifying growth opportunities across its global portfolio of brands, which spans 170 countries...

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Business

Wolverine Worldwide to grow Cat Footwear in the UK with Chapters Brand Group

Wolverine Worldwide, the global footwear licensee for Cat Footwear, has announced a new partnership with British footwear distributor Chapters Brand Group to grow the Cat Footwear brand in the UK. In a statement, Wolverine Worldwide said that Chapters Brand Group will be the sole distributor of Cat-licensed footwear products to retailers across...

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Business

Wolverine World Wide opens Boston innovation hub to house design teams

On the back of opening new international office spaces, Wolverine World Wide (WWW) has unveiled a global “Innovation Hub” in Boston, Massachusetts, where it will house its design and product teams. The 11 square foot facility will also be home to employees of the group’s brand Saucony, including team members in design, development, product...

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Business

Wolverine Worldwide delivers “better-than-expected” Q3, lifts outlook

Wolverine Worldwide revenues for the third quarter of 440.2 million dollars declined by 16.6 percent or 16.9 percent constant currency, while revenue from the ongoing operations declined 7 percent or 7.4 percent constant currency to 440.1 million dollars. Gross margin for the quarter of 45.3 percent improved 450 bps and adjusted gross margin...

People

Susie Kuhn to join Wolverine Worldwide as Active Group president

Wolverine Worldwide has announced the appointment of Susie Kuhn as president of the company’s Active Group, effective October 28, 2024. She will report to Chris Hufnagel, president and CEO of Wolverine Worldwide, and serve on the company’s executive team. Kuhn, the company said in a statement, will be responsible for leading successful brand...

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Business

Wolverine Worldwide’s Q2 revenues decline

For the second quarter, Wolverine Worldwide reported a revenue decline of 17.4 percent to 425.2 million dollars and adjusted earnings per share of 15 cents. “We delivered better-than-expected revenue and earnings in the second quarter, while continuing to execute our ambitious turnaround plan,” said Chris Hufnagel, president and chief executive...

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Business

Wolverine Worldwide Q1 revenues drop 34 percent, names new CFO

Wolverine Worldwide revenues of 394.9 million dollars declined 34.1 percent or 34.6 percent on a constant currency basis. Revenues from the ongoing business were down 24.5 percent or 25.1 percent constant currency to 390.8 million dollars. Gross margin for the quarter improved 650 bps to 45.9 percent, while adjusted gross margin improved 250 bps...