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ROCKFORD, Mich. - Wolverine World Wide, Inc. (NYSE:WWW), the $2.25 billion market cap footwear company whose stock has surged 123% over the past year, announced Wednesday the formation of its first Junior Board, comprising 11 early-career professionals from across the company’s brands and departments. According to InvestingPro data, the company’s stock is trading near its 52-week high of $28.57, reflecting strong market confidence.
The advisory body will meet monthly to provide perspectives from emerging talent and create a feedback loop with the company’s executive team and CEO. Members were selected through an interview process evaluating leadership potential, strategic thinking, and alignment with company values.
"With the creation of our Junior Board, we’re doubling down on our commitment to developing young talent and fostering an inclusive and collaborative workplace," said Chris Hufnagel, President and CEO of Wolverine Worldwide, in a press release statement.
Chandler Alberda, Digital Marketing Manager for the Merrell brand, will serve as Junior Board Chair. The board includes representatives from various company functions including marketing, human resources, retail operations, and supply chain.
The footwear and apparel company, which owns brands including Merrell, Saucony, and Hush Puppies, recently received its first Great Place To Work Certification. According to survey feedback, 88% of U.S.-based employees consider the company a great workplace, exceeding the average by 33 percentage points. The company’s strong workplace culture is complemented by its solid financial foundation, maintaining dividend payments for 38 consecutive years and achieving an overall "GOOD" Financial Health Score according to InvestingPro’s comprehensive analysis. For detailed insights and 13 additional ProTips about WWW’s performance, investors can access the full Pro Research Report on InvestingPro.
Wolverine Worldwide was also recognized earlier this year on Forbes’ lists of America’s Dream Employers and America’s Best Midsize Employers.
The Michigan-based company, founded in 1883, designs, markets, and licenses casual footwear and apparel, performance outdoor and athletic products, industrial work boots, and uniform footwear across its portfolio of brands.
In other recent news, Wolverine World Wide reported a robust second-quarter performance for 2025, surpassing both earnings per share (EPS) and revenue forecasts. The company achieved an EPS of $0.35, significantly higher than the projected $0.23, resulting in a 52.17% positive surprise. Revenue reached $474 million, exceeding expectations of $444 million. Following this strong performance, Stifel raised its price target for Wolverine World Wide to $30.00 from $25.00, maintaining a Buy rating. Stifel highlighted the company’s $28 million revenue beat and adjusted EPS that was $0.12 above their estimates. UBS also adjusted its outlook, raising the price target to $36.00 from $30.00, citing Wolverine’s investments in its Active brands as a key driver for future growth. Both firms acknowledge the company’s strong second-quarter results and potential for further growth. Wolverine’s guidance for the third quarter suggests revenue between $450-$460 million and adjusted EPS of $0.28-$0.32, which Stifel considers conservative. These developments reflect a positive outlook for Wolverine World Wide among analysts.
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