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ROCKFORD, Mich. - Wolverine World Wide, Inc. (NYSE:WWW), a footwear company with a market capitalization of $1.56 billion and a track record of 38 consecutive years of dividend payments according to InvestingPro, announced Tuesday the appointment of Cheryl Abel-Hodges and Jack Boyle to its Board of Directors, effective July 1, 2025.
Abel-Hodges, 61, currently serves as Chief Executive Officer of Tommy John, Inc., a comfort-focused lifestyle brand. She previously held the position of Chief Executive Officer of the Calvin Klein brand at PVH Corp. and led Calvin Klein’s North American wholesale and retail businesses as group president.
Boyle, 57, recently retired from Fanatics Holdings, Inc., where he served as President of Buying and North America of Fanatics Commerce. In this role, he oversaw merchandising and vendor management across direct-to-consumer channels for over 900 sports partnerships. His prior experience includes merchandising leadership positions at Kohl’s Corporation and Famous-Barr.
"They have extensive experience in merchandising, brand management, and omnichannel retail, and have demonstrated the ability to lead organizations through high growth periods," said Tom Long, Chairman of the Board for Wolverine Worldwide, in a press release statement.
Abel-Hodges also serves on the Board of Directors of Haworth, Inc., while Boyle sits on the Board of Directors of Destination XL Group, Inc.
Wolverine Worldwide, founded in 1883, designs, markets, and licenses branded footwear and apparel. The company’s portfolio includes brands such as Merrell, Saucony, Sweaty Betty, Hush Puppies, and Wolverine. The Michigan-based company distributes products through retailers in the U.S. and approximately 170 countries worldwide.
In other recent news, Wolverine World Wide reported its first-quarter 2025 earnings with an earnings per share (EPS) of $0.18, which fell short of the forecasted $0.25. The company’s revenue for the quarter was $412 million, slightly below the anticipated $425.94 million. Despite missing earnings expectations, Wolverine’s Saucony and Merrell brands demonstrated significant growth, with Saucony achieving a 30% increase in revenue. Additionally, Wolverine withdrew its full-year 2025 guidance due to uncertainties surrounding tariffs, which could impact profits by $30 million.
Analysts have been active in revising their outlooks for Wolverine. Argus upgraded Wolverine’s stock rating to Buy and set a price target of $20, reflecting confidence in the company’s turnaround strategy and the strength of its key brands. Williams Trading also increased its price target to $21, driven by the easing of tariffs and Wolverine’s strong first-quarter performance, particularly in the Saucony and Merrell brands. UBS raised its price target to $22, maintaining a Buy rating, citing Wolverine’s investments in its Active brands as a catalyst for sustained growth.
Wolverine has been making strategic moves to mitigate the impact of tariffs, including reducing its reliance on Chinese manufacturing. The company plans to produce less than 10% of its U.S. products in China this year, with a forecast to reduce this further by fiscal year 2026. These efforts, alongside Wolverine’s focus on brand investment and operational efficiency, are seen as key to navigating current market challenges.
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