Wolverine World Wide, Inc. Company profile
About Wolverine World Wide, Inc.
Wolverine World Wide, Inc. is a designer, marketer and licensor of a range of quality casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform shoes and boots. The Company operates through two segments: Wolverine Michigan Group and Wolverine Boston Group. Its Wolverine Michigan Group consists of footwear and apparel under brand names Merrell, Cat, Wolverine, Chaco, Hush Puppies, Bates uniform footwear, Harley-Davidson and Hytest safety footwear. Its Wolverine Boston Group consists of Sperry footwear, Saucony footwear and apparel, Keds footwear and the kids' footwear business, which includes the Stride Rite licensed business, as well as kids' footwear offerings from Saucony, Sperry, Keds, Merrell, Hush Puppies and Cat. Its products are marketed in approximately 170 countries, including the United States, Canada, the United Kingdom and certain countries in continental Europe and Asia Pacific.
Financial summary
BRIEF: For the fiscal year ended 01 January 2022, Wolverine World Wide, Inc. revenues increased 35% to $2.41B. Net income applicable to common stockholders totaled $67.5M vs. loss of $137.7M. Revenues reflect Wolverine Michigan Group segment increase of 24% to $1.3B, Wolverine Boston Group segment increase of 34% to $935.8M, Other Businesses segment increase from $44.1M to $180.2M, United States segment increase of 28% to $1.57B, Europe.
Equity composition
Common Stock $1 Par, 06/11, 160M auth., 64,860,785 issd. less 15,632,031 shs. in Treas @ $383.4M. Insiders own 3.04%. IPO 11/95, 1.55M shs. @ $29.875 by Montgomery Secs. 1/05, 5/97, 8/96, 5/95, 4/94, 3-for-2 stock splits. *FY'00 Q'share reclassified.11/13, 2-for-1 Stock split.
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