WWWNYSEFootwear, (No Rubber)US GAAP · USD

Wolverine World Wide, Inc

Wolverine World Wide is a U.S.-based designer, marketer, and licensor of branded footwear, apparel, and accessories. Its portfolio includes outdoor, work, and lifestyle brands such as Merrell, Saucony, Wolverine, Bates, Cat, Hush Puppies, Harley-Davidson, and HYTEST, sold through wholesale, direct-to-consumer, and licensing channels across global markets.

Liikevaihto1 874milj. USD
+6,8 %v/v
Liikevoitto (EBIT)150milj. USD
+48,7 %v/v
EBIT-marginaali8,0%
+2,3 %-yks.v/v
Nettotulos95,8milj. USD
+111,9 %v/v
Vapaa kassavirta126milj. USD
−21,5 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2020–2026

−1 00001 0002 0003 000milj. USD2020: 1 791 milj. USD2020: EBIT −137 milj. USD20202021: 1 791 milj. USD2021: EBIT −137 milj. USD20212022: 2 685 milj. USD2022: EBIT −208 milj. USD20222023: 2 243 milj. USD2023: EBIT −68 milj. USD20232024: 1 755 milj. USD2024: EBIT 101 milj. USD20242026: 1 874 milj. USD2026: EBIT 150 milj. USD20261 874150
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Active footwear55 %

Running, trail, and outdoor footwear sold mainly under Saucony and Merrell.

Work footwear25 %

Occupational and safety footwear sold under Wolverine, Bates, HYTEST, Cat, and Harley-Davidson.

Lifestyle and casual footwear10 %

Casual and heritage footwear sold under brands such as Hush Puppies and related labels.

Apparel and accessories5 %

Brand-adjacent apparel and accessories sold with footwear franchises.

Licensing and other revenue5 %

Royalty income, joint venture-related revenue, and other corporate-level items.

Asiakkaat

The company sells to consumers who buy branded footwear for running, hiking, outdoor recreation, work, and everyday wear, as well as to wholesale retail partners that distribute those brands. It also serves occupational buyers and specialty channels that need durable work footwear, and it monetizes some brands through licensing and royalty structures.

Outdoor and running consumers

Buy Saucony and Merrell products for performance, comfort, and recreation.

Workwear and industrial users

Buy Wolverine, Bates, HYTEST, Cat, and Harley-Davidson footwear for durability and safety.

Lifestyle footwear consumers

Buy casual and heritage footwear such as Hush Puppies for everyday wear.

Wholesale retail partners

Purchase branded product for resale through stores, dealers, and specialty channels.

Direct-to-consumer shoppers

Buy through company-owned stores and eCommerce sites for brand-direct access.

Strategia

The company’s strategy centers on growing its core brands, broadening apparel and accessories around those franchises, and expanding direct-to-consumer reach. It also emphasizes supply chain execution and brand licensing to extend market presence while keeping the portfolio focused on higher-priority brands.

Build core brand franchisesKeskipitkä aikaväli

Brand strength drives pricing power, consumer loyalty, and channel relevance.

Expand direct-to-consumer channelsKeskipitkä aikaväli

Direct channels improve brand control, consumer data, and margin mix.

Broaden apparel and accessoriesKeskipitkä aikaväli

Adjacencies increase wallet share and deepen brand ecosystems.

Maintain supply chain excellenceLyhyt aikaväli

Sourcing and logistics execution are critical in a global footwear model.

Maantiede

Wolverine World Wide markets its brands in about 170 countries and territories, with owned operations in the U.S., Canada, the U.K., parts of continental Europe, and Asia Pacific. In other regions it relies on distributors, licensees, and joint ventures, which makes the business geographically broad but operationally uneven across markets.

Riskit

The business is exposed to tariff, trade, and import/export policy changes because most units are sourced from third-party manufacturers in Asia Pacific. It also faces demand risk across consumer and wholesale channels, plus execution risk from inventory levels, shipment timing, foreign exchange, and environmental remediation obligations tied to legacy sites.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Tariffs and trade policy changes1Consumer demand softness2Foreign exchange volatility3Environmental remediation obligations4Wholesale and inventory channel disruption5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Tariffs and trade policy changesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Most product is sourced from third-party manufacturers in Asia Pacific, so import costs can rise quickly.

    KohdistuuSourcingPricingChannel competitiveness
  2. Consumer demand softnessVaikutus: KorkeaTodennäköisyys: Matala

    The company depends on discretionary footwear purchases across outdoor, athletic, and work categories.

    KohdistuuSauconyMerrellWolverineHYTESTOther brands
  3. Foreign exchange volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The company operates and sells in multiple currencies, creating translation and transaction exposure.

    KohdistuuCanadaEuropeU.KAsia PacificMexico
  4. Environmental remediation obligationsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Legacy site cleanup costs are estimated over long periods and can change with new information.

    Kohdistuu: Former tannery and byproduct disposal sites

  5. Wholesale and inventory channel disruptionVaikutus: KeskitasoTodennäköisyys: Matala

    Retailer inventory levels and shipment timing can materially shift quarterly revenue.

    Kohdistuu: U.S. wholesale and international channels

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition by channel

Wholesale shipments, DTC sales, and licensing royalties may be recognized at different points in time.

Vaikutus: Can shift revenue between quarters and affect brand-level trends

Environmental remediation reserves

The company records estimated cleanup liabilities for legacy sites based on evolving facts and assumptions.

Vaikutus: Affects other liabilities, operating expenses, and future cash needs

Inventory reserves

Retailer inventory levels and closeout activity influence reserve estimates.

Vaikutus: Can affect gross margin and operating profit

Foreign currency hedging

The company uses forward contracts to manage inventory purchase exposure in non-U.S. operations.

Vaikutus: Affects other income/expense and reported volatility

Brand and intangible asset impairment

A multi-brand portfolio requires periodic assessment of brand value and recoverability.

Vaikutus: Could create non-cash charges if brand performance weakens

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Wolverine World Wide, Inc (NYSE) – Footwear, (No Rubber) | Analyysi – Clarifo