Wolverine World Wide, Inc. (WWW) Bundle
A Brief History of Wolverine World Wide, Inc. (WWW)
Company Overview
Wolverine World Wide, Inc. is a global footwear and apparel company headquartered in Rockford, Michigan. Founded in 1883, the company owns and markets a portfolio of consumer brands.
Financial Performance
| Fiscal Year | Revenue | Net Income |
|---|---|---|
| 2022 | $2.63 billion | $185.8 million |
| 2023 | $2.58 billion | $162.4 million |
Brand Portfolio
- Merrell
- Saucony
- Sperry
- Hush Puppies
- Wolverine
- Stride Rite
Global Presence
The company operates in over 190 countries with approximately 7,300 employees as of 2023.
Stock Performance
| Stock Symbol | NYSE Ticker | 2023 Stock Price Range |
|---|---|---|
| WWW | WWW | $22.50 - $38.75 |
Recent Strategic Initiatives
- Expanded direct-to-consumer digital platforms
- Increased sustainability efforts in manufacturing
- Focus on omnichannel retail strategies
A Who Owns Wolverine World Wide, Inc. (WWW)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 4,677,442 | 12.7% |
| BlackRock Inc. | 4,216,038 | 11.5% |
| Dimensional Fund Advisors LP | 2,871,212 | 7.8% |
Top Executive Ownership
- Brendan Hoffman (President and CEO): 309,824 shares
- Michael Stornant (CFO): 87,453 shares
- Ward Klein (Executive Chairman): 263,712 shares
Insider Ownership Percentage
Total Insider Ownership: 4.2%
Public Float
Total Shares Outstanding: 36,797,510
Public Float: 32,415,923 shares
Ownership Structure
Public Shareholders: 82.3%
Institutional Investors: 15.5%
Insider Ownership: 4.2%
Wolverine World Wide, Inc. (WWW) Mission Statement
Company Overview
Wolverine World Wide, Inc. is a footwear and apparel company headquartered in Rockford, Michigan. As of 2023, the company reported annual revenue of $2.62 billion.
Mission Statement Components
The mission statement focuses on:
- Global footwear and lifestyle brand development
- Sustainable product innovation
- Consumer-centric brand management
Brand Portfolio
| Brand | Product Category | Annual Revenue Contribution |
|---|---|---|
| Merrell | Outdoor Footwear | $612 million |
| Saucony | Running Shoes | $425 million |
| Sperry | Casual Footwear | $385 million |
| Hush Puppies | Comfort Footwear | $276 million |
Strategic Objectives
Key strategic objectives include:
- Global Market Expansion: Target international markets with 35% revenue from outside United States
- Sustainability Commitment: Reduce carbon emissions by 30% by 2025
- Digital Transformation: Increase e-commerce sales to 25% of total revenue
Financial Performance
| Fiscal Year | Total Revenue | Net Income | Gross Margin |
|---|---|---|---|
| 2023 | $2.62 billion | $213.4 million | 44.2% |
| 2022 | $2.55 billion | $198.6 million | 43.7% |
How Wolverine World Wide, Inc. (WWW) Works
Company Overview
Wolverine World Wide, Inc. is a footwear and apparel company headquartered in Rockford, Michigan. As of 2023, the company reported annual revenue of $2.87 billion. The company owns multiple brands across different market segments.
Brand Portfolio
| Brand | Category | Market Focus |
|---|---|---|
| Merrell | Outdoor Footwear | Hiking, Trail Running |
| Saucony | Running Shoes | Athletic Performance |
| Sperry | Casual Footwear | Boat Shoes, Lifestyle |
| Hush Puppies | Comfort Footwear | Casual Comfort |
Financial Performance
2023 Financial Highlights:
- Net Income: $183.4 million
- Gross Margin: 41.5%
- Operating Cash Flow: $274.6 million
Global Distribution
Wolverine World Wide distributes products in over 190 countries, with significant market presence in North America, Europe, and Asia.
Manufacturing and Supply Chain
The company operates through a global supply chain with manufacturing partners primarily located in Asia. Approximately 75% of production occurs in Vietnam, Indonesia, and China.
Sales Channels
- Wholesale: 68% of total revenue
- Direct-to-Consumer: 32% of total revenue
- E-commerce platforms: Growing at 15% year-over-year
Employee Information
As of 2023, Wolverine World Wide employs approximately 7,500 people globally.
How Wolverine World Wide, Inc. (WWW) Makes Money
Revenue Streams
Wolverine World Wide, Inc. generated $2.64 billion in total revenue for the fiscal year 2022.
| Brand | Revenue Contribution |
|---|---|
| Merrell | $638.5 million |
| Saucony | $365.2 million |
| Wolverine | $279.6 million |
| Hush Puppies | $197.3 million |
Sales Channels
- Wholesale: 68% of total revenue
- Direct-to-Consumer: 32% of total revenue
Geographic Revenue Distribution
| Region | Revenue Percentage |
|---|---|
| United States | 79% |
| International Markets | 21% |
Product Categories
- Outdoor Footwear: 42% of revenue
- Athletic Footwear: 28% of revenue
- Work Footwear: 18% of revenue
- Casual Footwear: 12% of revenue
Key Financial Metrics
Gross Margin: 44.1% in 2022 Operating Income: $286.4 million in 2022 Net Income: $202.3 million in 2022
Distribution Channels
- Department Stores: 35%
- Specialty Retailers: 25%
- Online Platforms: 22%
- Sporting Goods Stores: 18%
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