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Wolverine World Wide logo

Wolverine World Wide

WWW
55
Apparel - Footwear & Accessories · Consumer Cyclical
Price
$18.37
-0.36 (-1.92%)
Market Cap
$1.51B
Winston Score
55
Winston is curious
A decent business — some strong pillars, some weaker.

Share count falling — buybacks

1.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 83.3M (2022) → 81.7M (2026)

Wolverine World Wide makes shoes and boots for everyday consumers. The company owns a large portfolio of well-known footwear brands, including Merrell, Saucony, Wolverine, and Sweaty Betty. Its products cover outdoor, athletic, work, and lifestyle categories, sold to regular shoppers through retail stores and online channels.

The company earns money by selling footwear wholesale to retailers like Dick's Sporting Goods and Foot Locker, and directly to consumers through its own websites and stores. Wolverine operates globally, with meaningful revenue coming from North America, Europe, and Asia, and generates roughly $2 billion in annual sales. Its brand portfolio gives it some pricing power, but the company has been working through a period of inventory reduction and debt paydown after overextending during the post-pandemic demand surge — managing that debt load while stabilizing brand revenue remains the central challenge facing the business over the next few years.

Winston Score History

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

YoY Growth Rate

Revenue data limited

EPS Growth

YoY Growth Rate

EPS data limited

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

2.0%ownership

Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$206M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
46.6%
Healthy — 46.6% gross margin
Operating Margin
9.4%
Modest — 9.4% operating margin
ROCE
4.6%
Weak — 4.6% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY
+8.3%
Steady sales growth (8.3% YoY)
EPS YoY
+42.0%
Earnings growing fast (42.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion
135%
Turns 135% of profit into real cash
FCF Margin
6.9%
Modest free cash flow (6.9%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity
1.61
Elevated debt (1.61)
Interest Cover
5.21x
Adequate interest coverage (5.2x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)
14.7x
Attractive valuation — P/E 14.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward
+4.0
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (14.7 → 10.7)

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Dividends

Dividend Yield
2.42%
Moderate income — 2.42% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth
+0.0%
Dividend flat

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