Merrell news and archive

Despite positive Q4, Wolverine Worldwide's 2025 guidance disappoints investors

Footwear and apparel giant Wolverine Worldwide met fourth-quarter earnings expectations and narrowly beat revenue forecasts, but its 2025 projections fell short of Wall Street's hopes. As reported by Investing.com, the company posted adjusted earnings per share of 42 cents for the fourth quarter, matching analyst predictions. Revenue reached...

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Richard McLeod joins Merrell as global CMO

Outdoor footwear brand Merrell has named Richard McLeod as its new chief marketing officer. He will report to Janice Tennant, Merrell's global brand president. McLeod will lead Merrell's global marketing efforts and build integrated marketing capabilities to strengthen the brand's position in the outdoor active and lifestyle market. "Rich is...

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Merrell welcomes Noreen Naroo-Pucci as chief product officer

Hiking and outdoor footwear brand Merrell has appointed Noreen Naroo-Pucci as chief product officer. The company said in a release that as a global thinker and executive with multi-cultural experience, Naroo-Pucci will apply her skills to Merrell's expansion as a lifestyle brand. The brand is tapping into a trend where consumers seek products...

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Wolverine Worldwide delivers “better-than-expected” Q3, lifts outlook

Wolverine Worldwide revenues for the third quarter of 440.2 million dollars declined by 16.6 percent or 16.9 percent constant currency, while revenue from the ongoing operations declined 7 percent or 7.4 percent constant currency to 440.1 million dollars. Gross margin for the quarter of 45.3 percent improved 450 bps and adjusted gross margin...

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Susie Kuhn to join Wolverine Worldwide as Active Group president

Wolverine Worldwide has announced the appointment of Susie Kuhn as president of the company’s Active Group, effective October 28, 2024. She will report to Chris Hufnagel, president and CEO of Wolverine Worldwide, and serve on the company’s executive team. Kuhn, the company said in a statement, will be responsible for leading successful brand...

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Wolverine Worldwide’s Q2 revenues decline

For the second quarter, Wolverine Worldwide reported a revenue decline of 17.4 percent to 425.2 million dollars and adjusted earnings per share of 15 cents. “We delivered better-than-expected revenue and earnings in the second quarter, while continuing to execute our ambitious turnaround plan,” said Chris Hufnagel, president and chief executive...

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Wolverine Worldwide Q1 revenues drop 34 percent, names new CFO

Wolverine Worldwide revenues of 394.9 million dollars declined 34.1 percent or 34.6 percent on a constant currency basis. Revenues from the ongoing business were down 24.5 percent or 25.1 percent constant currency to 390.8 million dollars. Gross margin for the quarter improved 650 bps to 45.9 percent, while adjusted gross margin improved 250 bps...

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Merrell and Sweaty Betty collaborate on a hiking collection

Wolverine Worldwide sister brands, outdoor footwear brand Merrell and British activewear retailer Sweaty Betty have joined forces for the first time on an exclusive outdoor hiking capsule collection for women. Launching on March 25 on Merrell’s website and then on Sweaty Betty from April 2, the collaboration is in celebration of “sisterhood...

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Wolverine sells Asia-based leather business, strenghtens Chinese joint venture

Outerwear group Wolverine World Wide has announced further efforts to advance the company’s ongoing transformation programme into a “consumer-obsessed growth category”. Among its newly revealed moves, Wolverine has said that it has secured a 61 million dollar agreement to sell minority ownership interest in the subsidiary that owns the Saucony...

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Wolverine Worldwide taps new president amid wider leadership changes

Wolverine Worldwide has announced a number of changes to its leadership team, including Chris Hufnagel as new company president. Company veteran Hufnagel has spent the last 14 years at the business, most recently serving as president of the company’s Active Group, and previously serving as global brand president of Cat Footwear. Hufnagel has...

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Wolverine Worldwide's Q3 revenue and profit miss forecast

Wolverine World Wide, Inc. revenue for the third quarter of 691.4 million dollars represents growth of 8.6 percent versus the prior year and growth of 12.2 percent on a constant currency basis. The company’s international business was up 33 percent to 303 million dollars and direct-to-consumer revenue was up 4.5 percent to 160 million dollars....

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Wolverine Worldwide expects to report strong growth in Q2 sales

In an update on the second quarter results, Wolverine World Wide, Inc. has announced that its performance has accelerated in the quarter of the year, fuelled by the strength of its largest brands and compelling product innovation. “The Company continues to see strong momentum and better-than-expected trends across nearly all brands in the...