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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. It operates through two segments: Active Group and Work Group. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots. It sources and markets a range of footwear and apparel styles, such as shoes, boots and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Merrell, Saucony, Sperry, Keds, Sweaty Betty, and Wolverine brands; and licenses under the Stride Rite brand. The company 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; and Wolverine branded eyewear and gloves. In addition, the company markets pigskin leather under the Wolverine Leather division; sourcing division provides consulting services related to product development, production control, quality assurance, materials procurement, compliance, and other service; and multi-brand direct-to-consumer division includes retail stores that sell footwear and apparel of its brand portfolio and other brands. It 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, third-party licensees and distributors, and joint ventures; and operates brick and mortar retails stores, and e-commerce sites. The company was founded in 1883 and is headquartered in Rockford, Michigan.
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Wolverine World Wide Inc designs, markets and distributes a portfolio of consumer footwear and apparel brands across wholesale, retail and digital channels globally. Long-term growth drivers include expansion of direct-to-consumer sales, international and outdoor/athleisure demand, and product and brand innovation that could support margin improvement. Investors may find the company attractive for its diversified brand mix, established retail relationships and generally stable cash-generation profile.
Key risks include consumer spending cyclicality, intense retail and e-commerce competition, supply-chain and input-cost pressures, and execution risk tied to brand positioning and channel shifts.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 121.50M | 61.60M | -134.20M | -252.90M | 80.30M |
| Minority interest | -5.20M | -3.60M | -0.40M | 0.80M | -1.60M |
| Net income | 95.80M | 47.90M | -39.60M | -189.10M | 68.60M |
| Selling general administrative | 729.90M | 549.70M | 686.90M | 906.40M | 817.80M |
| Selling and marketing expenses | - | 140.30M | 169.30M | - | - |
| Gross profit | 880.10M | 781.50M | 872.50M | 1070.40M | 1029.90M |
| Reconciled depreciation | 25.90M | 26.20M | 35.10M | 34.60M | 33.20M |
| Ebit | 154.30M | 104.30M | -70.70M | 133.10M | 155.70M |
| Ebitda | 186.80M | 130.50M | -46.20M | 167.70M | 185.20M |
| Depreciation and amortization | 32.50M | 26.20M | 24.50M | 34.60M | 29.50M |
| Non operating income net other | - | - | - | 2.80M | -38.00M |
| Operating income | 150.20M | 101.00M | -68.20M | 133.10M | 155.70M |
| Other operating expenses | 1724.10M | 1654.00M | 2311.10M | 2554.50M | 2259.20M |
| Interest expense | 32.80M | 42.70M | 63.50M | 47.30M | 37.40M |
| Tax provision | 20.50M | 10.10M | -95.00M | -63.80M | 13.30M |
| Interest income | 32.80M | 42.70M | 63.50M | 47.30M | 37.40M |
| Net interest income | -32.80M | -42.70M | -63.50M | -47.30M | -37.40M |
| Non recurring | - | - | - | 428.70M | - |
| Income tax expense | 20.50M | 10.10M | -95.00M | -63.80M | 13.30M |
| Total revenue | 1874.30M | 1755.00M | 2242.90M | 2684.80M | 2414.90M |
| Total operating expenses | 729.90M | 680.50M | 940.70M | 940.10M | 874.20M |
| Cost of revenue | 994.20M | 973.50M | 1370.40M | 1614.40M | 1385.00M |
| Total other income expense net | -28.70M | -39.40M | -66.00M | -386.00M | -75.40M |
| Net income from continuing ops | 101.00M | 51.50M | -39.20M | -189.10M | 67.00M |
| Net income applicable to common shares | 93.10M | 46.30M | -39.60M | -188.30M | 68.60M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1709.30M | 1668.80M | 2062.80M | 2492.70M | 2586.40M |
| Intangible assets | 209.50M | 204.50M | 209.00M | 341.40M | 792.70M |
| Other current assets | 86.80M | 86.40M | 241.70M | 79.00M | 56.90M |
| Total liab | 1286.20M | 1352.30M | 1762.80M | 2153.70M | 1942.00M |
| Total stockholder equity | 408.00M | 307.30M | 278.60M | 339.00M | 644.40M |
| Deferred long term liab | - | - | - | 35.30M | 118.90M |
| Other current liab | 236.40M | 218.50M | 313.70M | 339.50M | 264.20M |
| Common stock | 115.50M | 113.70M | 113.00M | 112.20M | 111.60M |
| Capital stock | 115.50M | 113.70M | 113.00M | 112.20M | 111.60M |
| Retained earnings | 917.20M | 849.50M | 834.80M | 907.20M | 1128.20M |
| Other liab | - | - | - | 166.80M | 332.40M |
| Good will | 431.30M | 424.60M | 427.10M | 485.00M | 556.60M |
| Other assets | 158.60M | 159.40M | 0.00M | 90.10M | 140.80M |
| Cash | 206.30M | 152.10M | 179.00M | 131.50M | 161.70M |
| Cash and equivalents | 206.30M | 152.10M | 179.00M | 131.50M | 161.70M |
| Total current liabilities | 521.10M | 533.10M | 869.40M | 1110.30M | 759.60M |
| Current deferred revenue | - | - | 237.80M | 24.50M | - |
| Net debt | 555.70M | 645.60M | 908.90M | 1219.20M | 961.60M |
| Short term debt | 110.00M | 113.70M | 349.70M | 474.10M | 273.30M |
| Short long term debt | 75.00M | 80.00M | 315.00M | 435.00M | 235.00M |
| Short long term debt total | 762.00M | 797.70M | 1087.90M | 1350.70M | 1123.30M |
| Other stockholder equity | -498.30M | -508.10M | -527.00M | -547.50M | -496.50M |
| Property plant equipment | 180.50M | 191.80M | 214.50M | 136.20M | 267.20M |
| Total current assets | 729.40M | 688.50M | 1025.10M | 1265.30M | 903.70M |
| Net tangible assets | - | - | - | -352.20M | -630.30M |
| Net receivables | 162.10M | 209.40M | 230.80M | 241.70M | 319.60M |
| Long term debt | 546.70M | 568.00M | 605.80M | 723.00M | 731.80M |
| Inventory | 274.20M | 240.60M | 373.60M | 745.20M | 365.50M |
| Accounts payable | 174.70M | 200.90M | 206.00M | 272.20M | 222.10M |
| Noncontrolling interest in consolidated entity | - | - | - | 18.40M | 14.80M |
| Accumulated other comprehensive income | -126.40M | -147.80M | -142.20M | -132.90M | -98.90M |
| Common stock total equity | - | - | - | 112.20M | 111.60M |
| Retained earnings total equity | - | - | - | 907.20M | 1128.20M |
| Treasury stock | - | - | - | -891.30M | -810.20M |
| Non currrent assets other | 74.50M | 65.50M | 68.90M | 133.00M | 140.80M |
| Non current assets total | 979.90M | 980.30M | 1037.70M | 1227.40M | 1682.70M |
| Capital lease obligations | 140.30M | 149.70M | 167.10M | 192.70M | 156.50M |
| Long term debt total | 546.70M | 568.00M | 605.80M | 723.00M | 731.80M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | 86.80M | 171.60M | 54.60M | -437.30M |
| Change to liabilities | - | - | - | 91.10M | 40.30M |
| Total cashflows from investing activities | -13.90M | 86.80M | 171.60M | 54.60M | -437.30M |
| Net borrowings | -27.50M | -274.20M | -238.30M | 190.00M | 245.00M |
| Total cash from financing activities | -73.80M | -299.20M | -246.30M | 107.10M | 169.30M |
| Change to operating activities | - | - | - | 5.00M | -88.40M |
| Net income | 95.80M | 51.50M | -39.20M | -189.10M | 67.00M |
| Change in cash | 54.20M | -32.50M | 49.10M | -26.20M | -185.70M |
| Begin period cash flow | 152.10M | 184.60M | 135.50M | 161.70M | 347.40M |
| End period cash flow | 206.30M | 152.10M | 184.60M | 135.50M | 161.70M |
| Total cash from operating activities | 136.10M | 180.10M | 121.80M | -178.90M | 86.80M |
| Depreciation | 25.90M | 26.20M | 35.10M | 34.60M | 33.20M |
| Other cashflows from investing activities | 0.60M | 4.60M | -2.70M | 93.90M | -2.30M |
| Dividends paid | 33.30M | 32.50M | 32.60M | -32.80M | -33.50M |
| Change to inventory | -20.90M | 127.10M | 286.50M | -428.90M | -77.20M |
| Change to account receivables | 54.20M | 16.70M | 2.80M | 84.50M | -49.20M |
| Sale purchase of stock | -14.50M | 3.10M | -5.80M | -81.30M | -39.60M |
| Other cashflows from financing activities | -10.70M | 4.40M | 24.50M | 969.80M | -19.70M |
| Change to netincome | - | - | - | 273.00M | 73.40M |
| Capital expenditures | 14.50M | 20.20M | 14.60M | 36.50M | 17.60M |
| Change receivables | - | - | - | 84.50M | -49.20M |
| Cash flows other operating | - | - | - | -44.10M | 31.40M |
| Exchange rate changes | - | - | - | - | -4.50M |
| Cash and cash equivalents changes | - | - | - | -17.20M | -185.70M |
| Change in working capital | 8.80M | 82.60M | 168.00M | -274.40M | -88.40M |
| Stock based compensation | 24.40M | 19.10M | 15.20M | 33.40M | 38.10M |
| Other non cash items | -26.80M | -20.70M | 38.50M | 322.30M | 51.60M |
| Free cash flow | 121.60M | 159.90M | 107.20M | -215.40M | 69.20M |
Sector: Consumer Cyclical Industry: Footwear & Accessories
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| WWW Wolverine World Wide Inc |
0.14 0.66% |
22.07 | 15.30 | 10.14 | 0.80 | 3.57 | 1.12 | 11.19 |
| NKE Nike Inc |
-0.05 0.13% |
38.27 | 31.59 | 32.68 | 3.59 | 13.23 | 3.66 | 28.05 |
| ADDDF Adidas AG |
- -% |
199.80 | 18.41 | 11.59 | 1.12 | 4.23 | 1.13 | 8.94 |
| ADDYY Adidas AG ADR |
-1.01 1.02% |
97.62 | 18.35 | 11.53 | 1.10 | 4.21 | 1.13 | 8.94 |
| ASCCY Asics Corp ADR |
-1.58 4.93% |
30.45 | 33.36 | 29.24 | 0.03 | 12.03 | 4.01 | 19.16 |
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. It operates through two segments: Active Group and Work Group. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots. It sources and markets a range of footwear and apparel styles, such as shoes, boots and sandals under the Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Merrell, Saucony, Sperry, Keds, Sweaty Betty, and Wolverine brands; and licenses under the Stride Rite brand. The company 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; and Wolverine branded eyewear and gloves. In addition, the company markets pigskin leather under the Wolverine Leather division; sourcing division provides consulting services related to product development, production control, quality assurance, materials procurement, compliance, and other service; and multi-brand direct-to-consumer division includes retail stores that sell footwear and apparel of its brand portfolio and other brands. It 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, third-party licensees and distributors, and joint ventures; and operates brick and mortar retails stores, and e-commerce sites. The company was founded in 1883 and is headquartered in Rockford, Michigan.
9341 Courtland Drive N.E., Rockford, MI, United States, 49351
616 866 5500
3050
| Name | Title | Year Born |
|---|---|---|
| Mr. Blake W. Krueger | Exec. Chairman | 1954 |
| Mr. Brendan L. Hoffman | CEO, Pres & Director | 1969 |
| Mr. Michael David Stornant | Exec. VP & CFO | 1967 |
| Mr. James D. Zwiers | Exec. VP & Pres of Global Operations Group and International Group | 1968 |
| Ms. Isabel Soriano | Pres of International | 1971 |
| Mr. Michael W. Harris CPA | VP of Corp. Fin. | NA |
| Ms. Amy M. Klimek | Exec. VP of Global HR | 1974 |
| Mr. Onder Ors | Managing Director of Europe Middle East and Africa Operations | NA |
| Mr. Christopher E. Hufnagel | Pres of the Active Group | 1972 |
| Mr. Thomas M. Kennedy | Pres of the Work Group | 1962 |
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