WW
Wolverine World Wide Inc
WWW—
Wolverine World Wide Inc AI Insights
Informational only. Not investment advice.Snapshot
- Tangible book value is -263.7M with goodwill at 114% of equity (430.7M vs 376.7M) - impairment risk is existential.[Goodwill / Tangible Book Value]
- Debt/equity of 2.18x with 33.8M TTM interest expense consuming 24% of operating income (142.6M) - leverage constrains flexibility.[Debt to Equity]
- Revenue down -12% 3Y CAGR yet gross profit up 12.3% YoY - portfolio pruning driving margin recovery.[Gross Profit 1Y Growth]
Watch Triggers
- Goodwill: Any impairment charge announced — 430.7M goodwill vs 376.7M equity means any writedown likely triggers negative equity.
- Total Revenue TTM: Quarterly revenue growth turns positive — Would validate turnaround thesis; current -12% 3Y CAGR is the core bear case.
- Interest Expense TTM: Rises above 40M or coverage falls below 3x — Currently 4.2x coverage (142.6M/33.8M) - deterioration signals distress.
Bull Case
ROE of 27% TTM vastly exceeds industry median 13.9% despite revenue headwinds - operational turnaround gaining traction.
ROE TTMGross Profit 1Y Growth
P/S of 0.83x vs industry median 2.06x offers deep value if revenue stabilizes; P/E 17.5x below median 22.9x.
P/S RatioP/E Ratio
Bear Case
Goodwill of 430.7M exceeds total equity of 376.7M - any impairment wipes out book value and triggers covenant risk on 822M debt.
GoodwillTotal DebtTangible Book Value
Revenue 3Y CAGR of -12% with 5Y CAGR of -0.9% signals secular decline, not cyclical - turnaround thesis requires faith.
Total Revenue 3Y GrowthTotal Revenue 5Y Growth
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
35%
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Forward Thesis
Margin expansion will stall as easy portfolio pruning gains exhaust without revenue stabilization.
1-3ymed
- Revenue 3Y CAGR -12% shows structural decline
- Interest burden at 24% of operating income
- Working capital tied up in 292.5M inventory
TTM revenue 1.85B vs 3Y decline trendGross margin 46.6% at industry medianFCF only 54.3M on 1.85B revenue (2.9%)
Valuation Context
Caveats
Public Strategies Rankings
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WWW Fundamentals
Manufacturing → Leather and Allied Product Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$1.58B | — | ||
$2.27B | — | ||
18 | — | ||
$1.85B | +3.6% | — | |
$1.07 | +262.0% | — | |
7.70% | +8.1% | — | |
4.85% | +8.6% | — | |
$54.3M | -73.4% | — | |
0.27 | +48.6% | — | |
Beta 5Y (Monthly) | unknown | — |
WWW Dividend History
104 dividends
2026
$0.100001/02/26$0.1000
2025
$0.400010/01/25$0.1000
07/01/25$0.1000
04/01/25$0.1000
01/02/25$0.1000
2024
$0.300010/01/24$0.1000
07/01/24$0.1000
03/28/24$0.1000
2023
$0.400012/29/23$0.1000
09/29/23$0.1000
06/30/23$0.1000
03/31/23$0.1000
2022
$0.400012/29/22$0.1000
09/30/22$0.1000
06/30/22$0.1000
03/31/22$0.1000
2021
$0.400012/31/21$0.1000
09/30/21$0.1000
06/30/21$0.1000
03/31/21$0.1000
2020
$0.400012/31/20$0.1000
09/30/20$0.1000
06/30/20$0.1000
03/31/20$0.1000
2019
$0.400012/31/19$0.1000
09/30/19$0.1000
06/28/19$0.1000
03/29/19$0.1000
2018
$0.320012/31/18$0.0800
09/28/18$0.0800
06/29/18$0.0800
03/29/18$0.0800
2017
$0.240012/29/17$0.0600
09/29/17$0.0600
06/29/17$0.0600
03/30/17$0.0600
2016
$0.240012/28/16$0.0600
09/29/16$0.0600
06/29/16$0.0600
03/30/16$0.0600
2015
$0.240012/30/15$0.0600
09/29/15$0.0600
06/29/15$0.0600
03/30/15$0.0600
2014
$0.240012/30/14$0.0600
09/29/14$0.0600
06/27/14$0.0600
03/28/14$0.0600
2013
$0.210012/30/13$0.0600
09/27/13$0.0300
06/27/13$0.0600
03/27/13$0.0600
2012
$0.240012/28/12$0.0600
09/27/12$0.0600
06/28/12$0.0600
03/29/12$0.0600
2011
$0.240012/29/11$0.0600
09/29/11$0.0600
06/29/11$0.0600
03/30/11$0.0600
2010
$0.220012/30/10$0.0550
09/29/10$0.0550
06/29/10$0.0550
03/30/10$0.0550
2009
$0.220012/30/09$0.0550
09/29/09$0.0550
06/29/09$0.0550
03/30/09$0.0550
2008
$0.220012/30/08$0.0550
09/29/08$0.0550
06/27/08$0.0550
03/28/08$0.0550
2007
$0.180012/28/07$0.0450
09/27/07$0.0450
06/28/07$0.0450
03/29/07$0.0450
2006
$0.150012/28/06$0.0375
09/28/06$0.0375
06/29/06$0.0375
03/30/06$0.0375
2005
$0.130012/28/05$0.0325
09/29/05$0.0325
06/29/05$0.0325
03/30/05$0.0325
2004
$0.086612/30/04$0.0217
09/29/04$0.0217
06/29/04$0.0217
03/30/04$0.0217
2003
$0.073412/30/03$0.0184
09/29/03$0.0184
06/27/03$0.0184
03/28/03$0.0184
2002
$0.060012/30/02$0.0150
09/27/02$0.0150
06/27/02$0.0150
03/27/02$0.0150
2001
$0.053412/28/01$0.0134
09/27/01$0.0134
06/28/01$0.0134
03/29/01$0.0134
2000
$0.046612/28/00$0.0117
09/28/00$0.0117
06/29/00$0.0117
03/30/00$0.0117
WWW Stock Splits
2 stock splits
11/04/130.5:1 split
02/02/050.666667:1 split
WWW SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/06/25 | 09/27/25 | 10-Q | |
08/07/25 | 06/28/25 | 10-Q | |
05/08/25 | 03/29/25 | 10-Q | |
02/20/25 | 12/28/24 | 10-K | |
11/07/24 | 09/28/24 | 10-Q | |
08/08/24 | 06/29/24 | 10-Q | |
05/08/24 | 03/30/24 | 10-Q | |
02/22/24 | 12/30/23 | 10-K | |
11/09/23 | 09/30/23 | 10-Q | |
08/10/23 | 07/01/23 | 10-Q | |
05/11/23 | 04/01/23 | 10-Q | |
02/23/23 | 12/31/22 | 10-K | |
11/10/22 | 10/01/22 | 10-Q | |
08/11/22 | 07/02/22 | 10-Q | |
05/12/22 | 04/02/22 | 10-Q | |
02/24/22 | 01/01/22 | 10-K | |
11/10/21 | 10/02/21 | 10-Q | |
08/05/21 | 07/03/21 | 10-Q | |
05/13/21 | 04/03/21 | 10-Q | |
02/26/21 | 12/31/20 | 10-K | |
11/05/20 | 09/26/20 | 10-Q | |
08/06/20 | 06/27/20 | 10-Q | |
04/29/20 | 03/28/20 | 10-Q | |
02/26/20 | 12/28/19 | 10-K | |
11/07/19 | 09/28/19 | 10-Q | |
08/07/19 | 06/29/19 | 10-Q | |
05/09/19 | 03/30/19 | 10-Q | |
02/26/19 | 12/29/18 | 10-K | |
11/07/18 | 09/29/18 | 10-Q | |
08/08/18 | 06/30/18 | 10-Q | |
05/09/18 | 03/31/18 | 10-Q | |
02/27/18 | 12/30/17 | 10-K | |
11/09/17 | 09/30/17 | 10-Q | |
08/09/17 | 07/01/17 | 10-Q | |
05/10/17 | 04/01/17 | 10-Q | |
02/28/17 | 12/31/16 | 10-K | |
10/19/16 | 09/10/16 | 10-Q | |
07/27/16 | 06/18/16 | 10-Q | |
05/04/16 | 03/26/16 | 10-Q | |
03/01/16 | 01/02/16 | 10-K | |
10/21/15 | 09/16/15 | 10-Q | |
07/29/15 | 06/20/15 | 10-Q | |
05/06/15 | 03/28/15 | 10-Q | |
03/03/15 | 12/31/14 | 10-K | |
10/15/14 | 09/06/14 | 10-Q | |
07/22/14 | 06/20/14 | 10-Q | |
04/30/14 | 03/22/14 | 10-Q | |
02/25/14 | 12/28/13 | 10-K | |
10/17/13 | 09/07/13 | 10-Q | |
07/22/13 | 06/20/13 | 10-Q | |
05/02/13 | 03/23/13 | 10-Q | |
02/27/13 | 12/31/12 | 10-K | |
10/18/12 | 09/16/12 | 10-Q | |
07/26/12 | 06/16/12 | 10-Q | |
05/03/12 | 03/24/12 | 10-Q | |
02/29/12 | 12/31/11 | 10-K | |
10/20/11 | 09/30/11 | 10-Q | |
07/28/11 | 06/18/11 | 10-Q | |
05/03/11 | 03/26/11 | 10-Q | |
03/02/11 | 01/01/11 | 10-K | |
10/21/10 | 09/30/10 | 10-Q | |
07/29/10 | 06/19/10 | 10-Q | |
05/06/10 | 03/27/10 | 10-Q | |
03/03/10 | 12/31/09 | 10-K | |
10/22/09 | 09/30/09 | 10-Q | |
07/30/09 | 06/30/09 | 10-Q | |
05/07/09 | 03/31/09 | 10-Q | |
03/04/09 | 12/31/08 | 10-K | |
09/30/08 | 09/30/08 | Unknown | -- |
06/30/08 | 06/30/08 | Unknown | -- |
05/01/08 | 03/30/08 | Unknown | -- |
02/26/08 | 12/31/07 | Unknown | -- |
09/30/07 | 09/30/07 | Unknown | -- |
07/26/07 | 06/30/07 | Unknown | -- |
05/03/07 | 03/30/07 | Unknown | -- |
02/28/07 | 12/31/06 | Unknown | -- |
09/30/06 | 09/30/06 | Unknown | -- |
07/27/06 | 06/30/06 | Unknown | -- |
05/04/06 | 03/30/06 | Unknown | -- |
03/15/06 | 12/31/05 | 10-K | |
09/30/05 | 09/30/05 | Unknown | -- |
07/28/05 | 06/30/05 | Unknown | -- |
05/05/05 | 03/30/05 | Unknown | -- |
03/17/05 | 12/31/04 | ARS | |
09/30/04 | 09/30/04 | Unknown | -- |
07/29/04 | 06/30/04 | Unknown | -- |
05/05/04 | 03/30/04 | Unknown | -- |
03/17/04 | 12/31/03 | ARS | |
09/30/03 | 09/30/03 | Unknown | -- |
06/30/03 | 06/30/03 | Unknown | -- |
05/06/03 | 03/30/03 | Unknown | -- |
03/27/03 | 12/31/02 | Unknown | -- |
09/30/02 | 09/30/02 | 4 | |
07/30/02 | 06/30/02 | Unknown | -- |
05/07/02 | 03/30/02 | Unknown | -- |
03/29/02 | 12/31/01 | Unknown | -- |
09/30/01 | 09/30/01 | Unknown | -- |
07/31/01 | 06/30/01 | Unknown | -- |
05/08/01 | 03/31/01 | 8-K | |
03/30/01 | 12/31/00 | Unknown | -- |
09/30/00 | 09/30/00 | Unknown | -- |
08/01/00 | 06/30/00 | Unknown | -- |
05/09/00 | 03/30/00 | Unknown | -- |