{"id":501494,"date":"2021-06-07T16:19:42","date_gmt":"2021-06-07T20:19:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019\/"},"modified":"2021-06-07T16:19:42","modified_gmt":"2021-06-07T20:19:42","slug":"wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019\/","title":{"rendered":"Wolverine Worldwide Expects Second Quarter 2021 Revenue to Exceed Second Quarter 2019"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Wolverine Worldwide Expects Second Quarter 2021 Revenue to Exceed Second Quarter 2019<\/b><\/p>\n<p class=\"bwalignc\"><b><i>Company provides update ahead of meetings at the Baird Conference on June 8, 2021<\/i><\/b><\/p>\n<p>ROCKFORD, Mich.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nWolverine World Wide, Inc. (NYSE:WWW), which operates one of the world\u2019s largest global portfolios of footwear and lifestyle brands, today provided a business update ahead of investor meetings taking place during the Baird 2021 Global Consumer, Technology, and Services Conference on June 8, 2021. The Company noted that its performance has accelerated in the second quarter of the year, fueled by the strength of its largest brands and compelling product innovation.\n<\/p>\n<p>\n\u201cThe Company continues to see strong momentum and better-than-expected trends across nearly all brands in the portfolio, with Merrell, Saucony and Sperry leading the way,\u201d said Blake W. Krueger, Wolverine Worldwide\u2019s Chairman and Chief Executive Officer. \u201cOur strong order book has continued to improve since the end of the first quarter, including nice gains in our international business. As such, we now expect second quarter 2021 revenue will exceed 2019 levels, and we are reiterating confidence in our latest full-year revenue outlook of $2,240 million to $2,300 million.\u201d This outlook assumes no meaningful deterioration of current market conditions related to the COVID-19 pandemic during the remainder of 2021.\n<\/p>\n<p><b>ABOUT WOLVERINE WORLDWIDE.<\/b><\/p>\n<p>\nFounded in 1883 on the belief in the possibility of opportunity, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world\u2019s leading marketers and licensors of branded casual, active lifestyle, work, outdoor sport, athletic, children&#8217;s and uniform footwear and apparel. Through a diverse portfolio of highly recognized brands, our products are designed to empower, engage and inspire our consumers every step of the way. The company\u2019s portfolio includes <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.merrell.com%2FUS%2Fen%2Fhome&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Merrell%26%23174%3B&amp;index=1&amp;md5=e5cef8f79879bee09e053b0249556c17\">Merrell\u00ae<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.saucony.com%2Fen%2Fhome&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Saucony%26%23174%3B&amp;index=2&amp;md5=37d7db89b0a1a60c68bb4ac94e85dbdb\">Saucony\u00ae<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sperry.com%2Fen%2Fhome&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Sperry%26%23174%3B&amp;index=3&amp;md5=8a3e426054f0e71afd17da16f72fcb01\">Sperry\u00ae<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.hushpuppies.com%2FUS%2Fen%2Fhome&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Hush+Puppies%26%23174%3B&amp;index=4&amp;md5=5b1903bafc06cad65090f2947bdda7c0\">Hush Puppies\u00ae<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.wolverine.com%2FUS%2Fen%2Fhome&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Wolverine%26%23174%3B&amp;index=5&amp;md5=a2e887857805405220a2b0e2230217f0\">Wolverine\u00ae<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.keds.com%2Fen%2Fhome&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Keds%26%23174%3B&amp;index=6&amp;md5=31d2cf0cb318b9e08386e0a67b70e00c\">Keds\u00ae<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.chacos.com%2FUS%2Fen%2Fhome&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Chaco%26%23174%3B&amp;index=7&amp;md5=cde768fb2abdb53296826aadaf86affc\">Chaco\u00ae<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.batesfootwear.com%2FUS%2Fen%2Fhome&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Bates%26%23174%3B&amp;index=8&amp;md5=1c06decd9bd5f8885f84be0818db39d7\">Bates\u00ae<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.hytest.com%2Fen%2Fhome&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=HYTEST%26%23174%3B&amp;index=9&amp;md5=d8c7d3f7d7f9aeec68967e2b21679233\">HYTEST\u00ae<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.striderite.com%2Fen%2Fhome&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Stride+Rite%26%23174%3B&amp;index=10&amp;md5=70cf61969f16ffb0217f82b500ccd038\">Stride Rite\u00ae<\/a>. Wolverine Worldwide is also the global footwear licensee of the popular brands <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.catfootwear.com%2FUS%2Fen%2Fhome&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Cat%26%23174%3B&amp;index=11&amp;md5=36286b4bdafcd457a22f130c3c83ad8f\">Cat\u00ae<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.harley-davidsonfootwear.com%2F&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Harley-Davidson%26%23174%3B&amp;index=12&amp;md5=9b684e83a4d4c670b2b084a7be6fe26c\">Harley-Davidson\u00ae<\/a>. Based in Rockford, Michigan, for more than 130 years, the company&#8217;s products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. For additional information, please visit our website, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.wolverineworldwide.com&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=www.wolverineworldwide.com&amp;index=13&amp;md5=62ec71300d5ac806011ef31d1d8b3c33\">www.wolverineworldwide.com<\/a> or visit us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Fwolverineworldwide&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Facebook&amp;index=14&amp;md5=a0cb03de874ecba04f9d6e6d4b433ad7\">Facebook<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fwolverineworldwide%2F&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=15&amp;md5=6a0c77c134222bfba5a6b112cafcf3e5\">LinkedIn<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fwolverineworldwide%2F&amp;esheet=52441541&amp;newsitemid=20210607005706&amp;lan=en-US&amp;anchor=Instagram&amp;index=16&amp;md5=4e27ced0a9e33cb77658bf652cf2f6fc\">Instagram<\/a>.\n<\/p>\n<p><b>FORWARD-LOOKING STATEMENTS<\/b><\/p>\n<p>\nThis press release contains forward-looking statements, including statements regarding the Company\u2019s expectations regarding its outlook for the second quarter and full year fiscal 2021. In addition, words such as \u201cestimates,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cforecasts,\u201d \u201cassumes,\u201d \u201cstep,\u201d \u201cplans,\u201d \u201cpredicts,\u201d \u201cfocused,\u201d \u201cprojects,\u201d \u201coutlook,\u201d \u201cis likely,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cconfident,\u201d variations of such words, and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties, and assumptions (\u201cRisk Factors\u201d) that are difficult to predict with regard to timing, extent, likelihood, and degree of occurrence. Risk Factors include, among others: the effects of the COVID-19 pandemic on the Company\u2019s business, operations, financial results and liquidity, including the duration and magnitude of such effects, which will depend on numerous evolving factors that the Company cannot currently accurately predict or assess, including: the duration and scope of the pandemic; the negative impact on global and regional markets, economies and economic activity, including the duration and magnitude of its impact on unemployment rates, consumer discretionary spending and levels of consumer confidence; actions governments, businesses and individuals take in response to the pandemic; the effects of the pandemic, including all of the foregoing, on the Company\u2019s distributors, manufacturers, suppliers, joint venture partners, wholesale customers and other counterparties, and how quickly economies and demand for the Company\u2019s products recover after the pandemic subsides; changes in general economic conditions, employment rates, business conditions, interest rates, tax policies and other factors affecting consumer spending in the markets and regions in which the Company\u2019s products are sold; the inability for any reason to effectively compete in global footwear, apparel and consumer-direct markets; the inability to maintain positive brand images and anticipate, understand and respond to changing footwear and apparel trends and consumer preferences; the inability to effectively manage inventory levels; increases or changes in duties, tariffs, quotas or applicable assessments in countries of import and export; foreign currency exchange rate fluctuations; currency restrictions; supply chain or other capacity constraints, production disruptions, quality issues, price increases or other risks associated with foreign sourcing; the cost and availability of raw materials, inventories, services and labor for contract manufacturers; labor disruptions; changes in relationships with, including the loss of, significant wholesale customers; risks related to the significant investment in, and performance of, the Company\u2019s consumer-direct operations; risks related to expansion into new markets and complementary product categories; the impact of seasonality and unpredictable weather conditions; changes in general economic conditions and\/or the credit markets on the Company\u2019s distributors, suppliers and retailers; increases in the Company\u2019s effective tax rates; failure of licensees or distributors to meet planned annual sales goals or to make timely payments to the Company; the risks of doing business in developing countries, and politically or economically volatile areas; the ability to secure and protect owned intellectual property or use licensed intellectual property; the impact of regulation, regulatory and legal proceedings and legal compliance risks, including compliance with federal, state and local laws and regulations relating to the protection of the environment, environmental remediation and other related costs, and litigation or other legal proceedings relating to the protection of the environment or environmental effects on human health; the potential breach of the Company\u2019s databases or other systems, or those of its vendors, which contain certain personal information, payment card data or proprietary information, due to cyberattack or other similar events; problems affecting the Company\u2019s supply chain or distribution system, including service interruptions at shipping and receiving ports; strategic actions, including new initiatives and ventures, acquisitions and dispositions, and the Company\u2019s success in integrating acquired businesses, and implementing new initiatives and ventures; the risk of impairment to goodwill and other intangibles; changes in future pension funding requirements and pension expenses; and additional factors discussed in the Company\u2019s reports filed with the Securities and Exchange Commission and exhibits thereto. The foregoing Risk Factors, as well as other existing Risk Factors and new Risk Factors that emerge from time to time, may cause actual results to differ materially from those contained in any forward-looking statements. Given these or other risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Furthermore, the Company undertakes no obligation to update, amend, or clarify forward-looking statements.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210607005706r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210607005706\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210607005706\/en\/<\/a><\/span><\/p>\n<p><b>Michael D. Stornant<br \/>\n<\/b><br \/><b>(616) 866-5728<\/b><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Michigan<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Fitness &amp; Nutrition Health Fashion<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Wolverine Worldwide Expects Second Quarter 2021 Revenue to Exceed Second Quarter 2019 Company provides update ahead of meetings at the Baird Conference on June 8, 2021 ROCKFORD, Mich.&#8211;(BUSINESS WIRE)&#8211; Wolverine World Wide, Inc. (NYSE:WWW), which operates one of the world\u2019s largest global portfolios of footwear and lifestyle brands, today provided a business update ahead of investor meetings taking place during the Baird 2021 Global Consumer, Technology, and Services Conference on June 8, 2021. The Company noted that its performance has accelerated in the second quarter of the year, fueled by the strength of its largest brands and compelling product innovation. \u201cThe Company continues to see strong momentum and better-than-expected trends across nearly all brands in the portfolio, with Merrell, Saucony &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Wolverine Worldwide Expects Second Quarter 2021 Revenue to Exceed Second Quarter 2019&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-501494","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wolverine Worldwide Expects Second Quarter 2021 Revenue to Exceed Second Quarter 2019 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wolverine Worldwide Expects Second Quarter 2021 Revenue to Exceed Second Quarter 2019 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Wolverine Worldwide Expects Second Quarter 2021 Revenue to Exceed Second Quarter 2019 Company provides update ahead of meetings at the Baird Conference on June 8, 2021 ROCKFORD, Mich.&#8211;(BUSINESS WIRE)&#8211; Wolverine World Wide, Inc. (NYSE:WWW), which operates one of the world\u2019s largest global portfolios of footwear and lifestyle brands, today provided a business update ahead of investor meetings taking place during the Baird 2021 Global Consumer, Technology, and Services Conference on June 8, 2021. The Company noted that its performance has accelerated in the second quarter of the year, fueled by the strength of its largest brands and compelling product innovation. \u201cThe Company continues to see strong momentum and better-than-expected trends across nearly all brands in the portfolio, with Merrell, Saucony &hellip; Continue reading &quot;Wolverine Worldwide Expects Second Quarter 2021 Revenue to Exceed Second Quarter 2019&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-07T20:19:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210607005706r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Wolverine Worldwide Expects Second Quarter 2021 Revenue to Exceed Second Quarter 2019\",\"datePublished\":\"2021-06-07T20:19:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019\\\/\"},\"wordCount\":1109,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210607005706r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wolverine-worldwide-expects-second-quarter-2021-revenue-to-exceed-second-quarter-2019\\\/\",\"name\":\"Wolverine Worldwide Expects Second Quarter 2021 Revenue to Exceed Second Quarter 2019 - 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