|Bid||27.70 x 1000|
|Ask||36.00 x 1000|
|Day's Range||27.44 - 29.80|
|52 Week Range||23.05 - 37.58|
|Beta (5Y Monthly)||1.04|
|PE Ratio (TTM)||15.11|
|Earnings Date||May 06, 2020 - May 10, 2020|
|Forward Dividend & Yield||0.40 (1.23%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||33.75|
Wolverine (WWW) posts mixed fourth-quarter 2019 results. The top line is expected to bear the coronavirus brunt to the tune of roughly $30 million.
An official at the Centers for Disease Control and Prevention (CDC) on Tuesday said Americans should prepare for COVID-19 to spread in their communities and cause disruption after Iran, Italy and South Korea reported a rapid uptick in the number of people who have been sickened.
Wolverine World Wide Inc. is the latest retailer to brace for a potential coronavirus impact.The Rockford, Mich.-based firm today released its initial revenue and earnings outlook for the full year, adjusting for a possible dent to its business due to the deadly outbreak that has claimed 2,700 lives and infected more than 80,000 people around the world.The Merrell and Sperry parent expects sales in the range of $2.29 billion to $2.34 billion, including a revenue loss of roughly $30 million in the first half of 2020. (Constant currency revenue growth is expected to be 3.5%, or 4.5% excluding the anticipated coronavirus impact.) It also predicted adjusted diluted earnings per share in the region of $2.25 to $2.40, representing a negative estimated impact of 10 cents related to foreign currency and 10 cents related to the coronavirus.In recent years, Wolverine has diversified its supply chain away from China: This year, the country is expected to account for less than 20% of its global production — down from about 40% in fiscal 2019."The company is continuing to monitor and adjust to the fluid coronavirus situation and recognizes that there could be additional future impact to the global supply chain or customer demand," it wrote in its latest financial report.Wolverine finished off the fourth quarter on a mixed note. It posted adjusted earnings per share that rose 13.5% to 59 cents, beating analysts' expectations of 58 cents. Revenues, however, missed forecasts, rising 4.8% to $607.4 million, compared with Wall Street's bets of $614.23 million.In a statement, chairman, CEO and president Blake Krueger said, "Our fourth-quarter revenues were highlighted by mid-teens growth from our largest brands, Merrell and Sperry; acceleration in our digital-direct DTC offense; and improved international expansion. I am pleased with our performance in fiscal 2019 and proud of our team's efforts that contributed to another record year."As of 11:45 a.m. ET, Wolverine's stock was down 1.7% to $29.29.Want more?Industry Moves: Sperry and Wolverine Have New Global Presidents \+ MoreWolverine Q3 Profits Beat Forecasts; Company Braces for Tariff ImpactHire Up: Wolverine Worldwide's Chief Merchant Officer Angelo Ng Combines His Knowledge of Shoes and ApparelMore from Footwear News * 3 Things to Know About Sperry's New Global President * Sleek Venetian-Style Loafers for Men * John Legend Is Teaming Up With Sperry
Wolverine (WWW) delivered earnings and revenue surprises of 0.00% and -1.05%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Branded shoe seller Wolverine World Wide Inc. , which brands include Sperry, Hush Puppies and Stride Rite, reported Tuesday a fourth-quarter profit that topped expectations but revenue that came up shy and provided a downbeat full-year outlook, citing the negative impact of the coronavirus outbreak. The company reported a net loss of $900,000, or 1 cent a share, in the latest quarter, after earnings of $39.3 million, or 39 cents a share, in the year-ago period. Excluding non-recurring items, such as the impact of litigation settlements, adjusted earnings per share came to 59 cents, above the FactSet consensus of 58 cents. Revenue rose 4.8% to $607.4 million, below the FactSet consensus of $613.4 million, as a miss by its Michigan group business offset a beat by its Boston group. For 2020, the company expects adjusted EPS of $2.25 to $2.40, below the FactSet consensus of $2.50, and revenue of $2.29 billion to $2.34 billion, below expectations of $2.37 billion. Wolverine said the outlook includes an estimated revenue impact of $30 million from coronavirus in the first half of 2020, and a negative 10-cent impact to EPS. The stock, which was still inactive in premarket trading, has lost 8.8% over the past three months while the S&P 500 has gained 2.9%.
ROCKFORD, Mich., Feb. 25, 2020 -- Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the fourth quarter and full-year ended December 28, 2019. The.
3M Co. and Wolverine World Wide Inc. have agreed to settle a lawsuit related to drinking water contamination in Michigan, which the maker of Merrell, Saucony and Keds shoes blamed on 3M chemicals.
Wolverine World Wide, Inc. (WWW) announced that U.S. District Judge Janet T. Neff has approved a Consent Decree reached earlier this month among the Company, the State of Michigan, Plainfield Charter Township, and Algoma Township. This Consent Decree resolves the litigation between the parties and includes significant next steps in Wolverine’s already extensive efforts to ensure long-term water quality and continued environmental remediation in and around its hometown.
Wolverine World Wide, Inc. (WWW) announced the appointment of Joelle Grunberg as Global President of Sperry® and the appointment of Tom Kennedy as Global President of the Wolverine® brand. Grunberg joins Wolverine Worldwide from Lacoste, where she served as President and CEO of North and Central America. Kennedy has spent the last three years in Boston leading Sperry®, and will return to Michigan for his new role with the Wolverine brand, in addition to overseeing the Company’s Licensing Group and becoming a member of its acquisitions team.
Benefits from e-commerce and wholesale channels are likely to get reflected in Wolverine's (WWW) fourth-quarter 2019 performance. Also, its Global Growth Agenda looks impressive.
ROCKFORD, Mich., Feb. 06, 2020 -- Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its fourth quarter and full-year 2019 financial results on.
ROCKFORD, Mich., Feb. 05, 2020 -- Wolverine World Wide, Inc. (NYSE: WWW) today announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share.
Blake Krueger has been the CEO of Wolverine World Wide, Inc. (NYSE:WWW) since 2007. This analysis aims first to...
Wolverine World Wide, Inc. (WWW) announced today significant next steps in its already extensive efforts to ensure long-term water quality for the community and continue environmental remediation in and around its hometown.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
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Wolverine's (WWW) third-quarter 2019 marks seventh straight quarter of positive earnings surprise. Also, management revises its full-year earnings view, keeping revenue projection intact.
Wolverine (WWW) delivered earnings and revenue surprises of 7.94% and 0.01%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
In line revenue growth and record gross margin lead to 10% adjusted EPS growth, ahead of expectations for Q3 ROCKFORD, Mich., Nov. 07, 2019 -- Wolverine World Wide, Inc..
Wolverine (WWW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is Wolverine World Wide, Inc. (NYSE:WWW) a good dividend stock? How can we tell? Dividend paying companies with...