Latest news with #ChrisHufnagel
Business Wire
3 days ago
- Business
- Business Wire
Wolverine Worldwide Launches Junior Board
BUSINESS WIRE)-- Wolverine World Wide, Inc. (NYSE: WWW) today announced the launch of its inaugural Junior Board, an advisory body consisting of 11 early-career professionals responsible for elevating the voices and perspectives of the Company's emerging talent and further strengthening its culture of innovation and collaboration. Junior Board members were selected after an extensive interview process, during which they were evaluated based on leadership potential, commitment to the Company's vision and values, strategic orientation, communication, relationship building, and critical thinking skills. The group will convene monthly to address key topics and create a dynamic feedback loop intended to inspire positive change and progress, and will work directly with the Company's executive team and Chief Executive Officer. 'I am immensely proud of the new culture we are building at Wolverine Worldwide,' said Chris Hufnagel, President and CEO of Wolverine Worldwide. '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 where everyone feels they belong and can thrive – while building a strong leadership pipeline for tomorrow.' Members of Wolverine Worldwide's Junior Board come from across the Company's offices, brands, and functions – and include: Chandler Alberda, Digital Marketing Manager, Merrell – Junior Board Chair Blake Robinson, Senior Digital Marketing Specialist, Work Group Cleo Hallan, Lead Digital Product Manager, D&TE Edith Rimmer, Retail Operations Coordinator, Sweaty Betty Heather Telfor, Human Resources Business Partner Manager, Shared Services Joe Gamino-Kirkhoff, Senior Brand Marketing Specialist, Merrell Liony Florentina, Strategic Costing Senior Analyst, Supply Chain Lucy Howard, Field Marketing Lead, Saucony Ricky Hajduk, Key Accounts Manager, Merrell Teddy Okerstrom, User Experience Research Manager, D&TE Tobias Kammerer, Color Designer, Merrell 'The Junior Board is more than a committee: it's a commitment to listen, learn, lead, and build a culture where every voice in our global organization feels valued and heard,' said Chandler Alberda, Wolverine Worldwide Junior Board Chair. 'We are excited to champion bold ideas, diverse perspectives, and fresh thinking that reflect our Company's vision to Make. Every Day. Better. ' The creation of Wolverine Worldwide's Junior Board comes on the heels of the Company receiving its first Great Place To Work® Certification ™ – underscoring its commitment to prioritizing employee experience and cultivating a strong company culture, as determined by employees' survey feedback. 88% of U.S.-based Wolverine Worldwide employees said the Company is a great workplace, 33 percentage points higher than the average company. Earlier this year, Wolverine Worldwide was also recognized by Forbes as one of America's Dream Employers and America's Best Midsize Employers, and by Inspiring Workplaces as one of the Most Inspiring Workplaces in North America. Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world's leading designers, marketers, and licensors of branded casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform footwear. The Company's portfolio includes Merrell®, Saucony®, Sweaty Betty®, Hush Puppies®, Wolverine®, Chaco®, Bates®, HYTEST®, and Stride Rite®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 140 years, the Company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. Wolverine Worldwide is a Great Place To Work® Certified™ company. For additional information, please visit our website,
Fibre2Fashion
07-08-2025
- Business
- Fibre2Fashion
US' Wolverine Worldwide Q2 FY25 revenue jumps 11.5%, EPS doubles
American footwear manufacturer Wolverine Worldwide has reported a robust financial performance for the second quarter of fiscal 2025 (FY25), with total revenue rising 11.5 per cent year-over-year (YoY) to $474.2 million, driven by growth across its Active and Work Groups. The results exclude the Sperry business, which was sold in January 2024. The Active Group led the performance with revenue increasing 16.2 per cent to $355.5 million, while the Work Group saw a modest 2.4 per cent growth. However, revenue in the 'Other' segment declined by 21.7 per cent. Wolverine Worldwide has reported an 11.5 per cent YoY revenue rise to $474.2 million in Q2 FY25, led by Saucony and Merrell growth. The gross margin improved to 47.2 per cent, and adjusted EPS more than doubled to $0.35. Q3 revenue is expected between $450â€'$460 million. The company withheld full-year guidance due to macro-economic uncertainties and potential tariff impacts. Among key brands, Saucony surged 41.5 per cent YoY to $144.3 million and Merrell grew 10.7 per cent to $157.9 million. In contrast, the Wolverine and Sweaty Betty brands saw declines of 7.5 per cent and 6.1 per cent respectively, Wolverine Worldwide said in a press release. The international revenue rose 15.7 per cent to $250 million, while direct-to-consumer (DTC) sales dipped slightly by 1.4 per cent to $111.6 million. The company has reported significant improvement in gross margin, which expanded by 410 basis points (bps) to 47.2 per cent, thanks to a better sales mix, reduced promotions, and supply chain cost savings. Operating margin improved to 8.6 per cent, up 180 bps from the previous year. Adjusted diluted earnings per share more than doubled to $0.35, up from $0.15. The inventory at the end of the quarter stood at $316 million, reflecting a 6.4 per cent increase. Net debt declined by approximately 14.8 per cent to $568 million. 'Our second quarter results exceeded our expectations, which led to the strongest revenue growth we've seen in several years. This growth, coupled with another quarter of record gross margin, helped more than double our earnings per share YoY,' said Chris Hufnagel, president and chief executive officer (CEO) at Wolverine Worldwide . 'We're executing our new brand-building model at pace, and we've made meaningful strides in improving the profitability of the business, along with strengthening the balance sheet. I remain confident in the things we can control as we navigate continued uncertainties due to the global trade and consumer environment,' added Hufnagel. 'We're building a new company, and we're driven by our vision to make every day better—focused squarely on our consumers and delivering value for our shareholders.' For the third quarter (Q3) of FY25, Wolverine expects revenue between $450 and $460 million, representing growth of approximately 2.1 per cent to 4.4 per cent compared to Q3 2024 ongoing business revenue and constant currency growth of approximately 1.5 per cent to 3.8 per cent. The gross margin is expected to be 47 per cent, up 170 bps compared to Q3 2024 gross margin. The operating margin to be approximately 7.3 per cent, down 70 bps compared to third quarter 2024 operating margin and adjusted operating margin to be approximately 8.3 per cent, up 60 bps compared to third quarter 2024 adjusted operating margin for our ongoing business. The diluted earnings per share (EPS) in the range of $0.24 to $0.28 and adjusted diluted EPS in the range of $0.28 to $0.32. Diluted weighted average shares of approximately 81.3 million. Due to macro-economic uncertainty and potential tariff impacts, Wolverine Worldwide has withheld its full-year 2025 guidance, added the release. Fibre2Fashion News Desk (SG)
Fashion United
06-08-2025
- Business
- Fashion United
Wolverine Worldwide surprises with strong second quarter growth
US footwear and apparel supplier Wolverine World Wide Inc. (Wolverine Worldwide) continued on a growth path in the second quarter of the 2025 financial year. On Wednesday, the group announced surprisingly strong increases in revenue and earnings. In the three months to 28 June, consolidated revenue amounted to 474.2 million dollars. This exceeded the prior-year figure by 11.5 percent. Adjusted for exchange rate changes, revenue increased by 10.3 percent. Growth drivers: Merrell and Saucony The group owed the significant increase to double-digit revenue growth in its core brands Merrell (plus 10.7 percent) and Saucony (plus 41.5 percent). These more than offset declines at Wolverine (minus 7.5 percent) and Sweaty Betty (minus 6.1 percent). Thanks to revenue growth and an increase in the gross margin from 43.1 to 47.2 percent, operating profit rose by 39.9 percent to 40.7 million dollars. Net profit attributable to shareholders grew by 88.7 percent to 26.8 million dollars. Diluted earnings per share increased from 0.17 dollars to 0.32 dollars; adjusted for currency effects, it even rose from 0.15 dollars to 0.34 dollars. CEO and President Chris Hufnagel was extremely pleased with the latest developments. "Our second quarter results exceeded our expectations, delivering our strongest revenue growth in several years," he said in a statement. "This growth, coupled with another record gross margin, helped to more than double our earnings per share compared to the prior year." Revenue to increase further in the third quarter In the first half of the year as a whole, consolidated revenue reached 886.5 million dollars, an increase of 8.1 percent compared to the same period last year. The bottom line was a net profit attributable to shareholders of 37.9 million dollars, compared to a loss of 0.3 million dollars in the first six months of the previous year. Given the ongoing uncertainties regarding international trade policy and macroeconomic conditions, management again refrained from providing guidance for the full financial year. For the third quarter, it expects revenue growth of 2.1 to 4.4 percent to between 450 and 460 million dollars. Diluted earnings per share are expected to reach between 0.24 and 0.28 dollars. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Business Wire
06-08-2025
- Business
- Business Wire
Wolverine Worldwide Reports Second Quarter 2025 Results
ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the second quarter ended June 28, 2025. "Our second quarter results exceeded our expectations, which led to the strongest revenue growth we've seen in several years. This growth, coupled with another quarter of record gross margin, helped more than double our earnings per share year-over-year," said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. "We're executing our new brand-building model at pace, and we've made meaningful strides in improving the profitability of the business, along with strengthening the balance sheet. I remain confident in the things we can control as we navigate continued uncertainties due to the global trade and consumer environment. We're building a new company, and we're driven by our vision to make every day better — focused squarely on our consumers and delivering value for our shareholders." FINANCIAL HIGHLIGHTS Financial results for 2025, and comparable results from 2024, in each case, for our ongoing business exclude the results of the Sperry business, which was sold in January 2024. Tables have been provided in the back of this release showing the impact of these adjustments on our financial results. (in millions) June 28, 2025 Y/Y Change Constant Currency Change Active Group $355.5 $305.9 16.2% 14.3% Work Group $107.5 $105.0 2.4% 2.9% Other $11.2 $14.3 (21.7)% (19.6)% Total Revenue $474.2 $425.2 11.5% 10.3% Ongoing Total Revenue $474.2 $424.8 11.6% 10.4% Supplemental Revenue Information Merrell $157.9 $142.7 10.7% 9.1% Saucony $144.3 $102.0 41.5% 40.0% Wolverine $37.1 $40.1 (7.5)% (7.5)% Sweaty Betty $41.3 $44.0 (6.1)% (11.0)% International $250.0 $216.0 15.7% Direct-to-Consumer - Reported $111.6 $113.4 (1.6)% Direct-to-Consumer - Ongoing $111.6 $113.2 (1.4)% Reported Financial Metrics Gross Margin 47.2% 43.1% 410 bps Operating Expenses $183.3 $154.1 18.9% Operating Margin 8.6% 6.8% 180 bps Diluted Earnings Per Share $0.32 $0.17 88.2% Non-GAAP and Ongoing Business Financial Metrics Adjusted Gross Margin 47.2% 43.1% 410 bps Adjusted Operating Expenses $180.6 $156.1 15.7% Adjusted Operating Margin 9.2% 6.3% 290 bps Adjusted Diluted Earnings Per Share $0.35 $0.15 133.3% Constant Currency Diluted Earnings Per Share $0.34 $0.15 126.7% Expand Gross margin improved significantly in the second quarter due to a healthier sales mix, lower promotional activity, and the benefit of supply chain cost initiatives, with minimal incremental impact from U.S. tariffs. Inventory at the end of the quarter was $316 million, up $19 million, or approximately 6.4%, compared to the prior year. Net Debt at the end of the quarter was $568 million, down $99 million, or approximately 14.8%, compared to the prior year. THIRD QUARTER 2025 OUTLOOK Following strong financial performance in the first half of 2025, the outlook for the third quarter reflects the Company's expectations for continued momentum in the business. Revenue to be approximately $450 million to $460 million, representing growth of approximately 2.1% to 4.4% compared to the third quarter 2024 ongoing business revenue and constant currency growth of approximately 1.5% to 3.8%. Gross margin to be approximately 47.0%, up 170 basis points compared to third quarter 2024 gross margin. Operating margin to be approximately 7.3%, down 70 basis points compared to third quarter 2024 operating margin, and adjusted operating margin to be approximately 8.3%, up 60 basis points compared to third quarter 2024 adjusted operating margin for our ongoing business. Diluted earnings per share in the range of $0.24 to $0.28 and adjusted diluted earnings per share in the range of $0.28 to $0.32. Diluted weighted average shares of approximately 81.3 million. FULL-YEAR 2025 OUTLOOK Due to uncertainty around tariffs and related macro-economic conditions, the Company is not providing a full-year 2025 outlook at this time. NON-GAAP FINANCIAL MEASURES Measures referred to in this release as 'adjusted' financial results and the financial results of the "ongoing business" are non-GAAP measures. Adjusted financial results exclude environmental and other related costs net of recoveries, non-cash impairment of long-lived assets, reorganization costs, and costs associated with divestitures. The financial results of the ongoing business exclude financial results from the Sperry business. The Company also presents constant currency information, which is a non-GAAP measure that excludes the impact of fluctuations in foreign currency exchange rates. The Company calculates constant currency basis by converting the current-period local currency financial results using the prior period exchange rates and comparing these adjusted amounts to the Company's current period reported results. The Company believes providing each of these non-GAAP measures provides valuable supplemental information regarding its results of operations, consistent with how the Company evaluates performance. The Company has provided a reconciliation of each of the above non-GAAP financial measures to the most directly comparable GAAP financial measure. The Company believes these non-GAAP measures provide useful information to both management and investors because they increase the comparability of current period results to prior period results by adjusting for certain items that may not be indicative of core operating results and enable better identification of trends in our business. The adjusted financial results are used by management to, and allow investors to, evaluate the operating performance of the Company on a comparable basis. Management does not, nor should investors, consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. EARNINGS CALL INFORMATION The Company will host a conference call today at 8:30 a.m. ET to discuss these results and current business trends. The conference call will be broadcast live and accessible under the 'Investor Relations' tab at A replay of the conference call will be available on the Company's website for a period of approximately 30 days. ABOUT WOLVERINE WORLDWIDE Founded in 1883, Wolverine World Wide, Inc. (NYSE:WWW) is one of the world's leading designers, marketers, and licensors of branded casual footwear and apparel, performance outdoor and athletic footwear and apparel, kids' footwear, industrial work boots and apparel, and uniform footwear. The Company's portfolio includes Merrell®, Saucony®, Sweaty Betty®, Hush Puppies®, Wolverine®, Chaco®, Bates®, HYTEST®, and Stride Rite®. Wolverine Worldwide is also the global footwear licensee of the popular brands Cat® and Harley-Davidson®. Based in Rockford, Michigan, for more than 140 years, the Company's products are carried by leading retailers in the U.S. and globally in approximately 170 countries and territories. Wolverine Worldwide is a Great Place to Work® Certified™ company. For additional information, please visit our website, FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements, including statements regarding the results of the momentum in Saucony and Merrell; the Company's execution of its brand-building model and navigation of continued uncertainties due to the global trade environment; the Company's outlook for the third quarter of 2025 including, among others: reported and constant currency revenue; reported gross margin; reported and adjusted operating margin; reported and adjusted net earnings; reported and adjusted diluted earnings per share; and diluted weighted average shares. In addition, words such as 'estimates,' 'anticipates,' 'believes,' 'forecasts,' 'step,' 'plans,' 'predicts,' 'focused,' 'projects,' 'outlook,' 'is likely,' 'expects,' 'intends,' 'should,' 'will,' 'confident,' 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 ('Risk Factors') that are difficult to predict with regard to timing, extent, likelihood, and degree of occurrence. Risk Factors include, among others: changes in general economic conditions, employment rates, business conditions, interest rates, tax policies, and other factors affecting consumer spending and confidence in the markets and regions in which the Company's products are sold; increases or changes in duties, tariffs, quotas or applicable assessment in countries of import and export; the inability for any reason to effectively compete in global footwear, apparel and direct-to-consumer 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; foreign currency exchange rate fluctuations; currency restrictions; supply chain and capacity constraints, production and distribution disruptions, including service interruptions at shipping and receiving ports, reduction in operating hours, labor shortages, and facility closures resulting in production delays at the Company's manufacturers, quality issues, price increases or other risks associated with foreign sourcing; the cost, including the effect of inflationary pressures, and availability of raw materials, inventories, services and labor for contract manufacturers; changes in relationships with, including the loss of, significant wholesale customers; risks related to the significant investment in, and performance of, the Company's direct-to-consumer operations; risks related to expansion into new markets and complementary product categories; the impact of seasonality and unpredictable weather conditions; the impact of changes in general economic conditions, potential economic slowdown and/or the credit markets on the Company's manufacturers, distributors, suppliers, joint venture partners and wholesale customers; changes in the Company's 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; legal compliance and litigation risks, including with respect to federal, state and local laws and regulations relating to the protection of the environment, environmental remediation and other related costs, and environmental effects on human health; risks of breach of the Company's 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; strategic actions, including new initiatives and ventures, acquisitions and dispositions, and the Company's success in integrating acquired businesses, including Sweaty Betty ®; risks related to stockholder activism; the risk of impairment to goodwill and other intangibles; the success of the Company's restructuring and realignment initiatives undertaken from time to time; changes in future pension funding requirements and pension expenses; and additional factors discussed in the Company's 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 whether as a result of new information, future events or otherwise. WOLVERINE WORLD WIDE, INC. (Unaudited) (In millions) June 28, 2025 June 29, 2024 ASSETS Cash and cash equivalents $ 141.0 $ 148.3 Accounts receivables, net 255.4 272.2 Inventories, net 316.0 297.1 Other current assets 88.8 73.2 Total current assets 801.2 790.8 Property, plant and equipment, net 90.6 90.2 Lease right-of-use assets 106.3 103.6 Goodwill and other indefinite-lived intangibles 614.4 599.2 Other noncurrent assets 196.0 212.5 Total assets $ 1,808.5 $ 1,796.3 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable and other accrued liabilities $ 465.5 $ 398.0 Lease liabilities 36.3 32.6 Current maturities of long-term debt 10.0 10.0 Borrowings under revolving credit agreements 135.0 225.0 Total current liabilities 646.8 665.6 Long-term debt 563.5 579.7 Lease liabilities, noncurrent 115.7 119.8 Other noncurrent liabilities 125.5 160.8 Stockholders' equity 357.0 270.4 Total liabilities and stockholders' equity $ 1,808.5 $ 1,796.3 Expand WOLVERINE WORLD WIDE, INC. (Unaudited) (In millions) Year-To-Date Ended June 28, 2025 June 29, 2024 OPERATING ACTIVITIES: Net earnings $ 41.2 $ 1.9 Adjustments to reconcile net earnings to net cash used in operating activities: Depreciation and amortization 12.5 13.3 Deferred income taxes (0.1 ) (0.7 ) Stock-based compensation expense 12.6 9.8 Pension and SERP expense (0.3 ) (0.3 ) Impairment of long-lived assets — 9.3 Environmental and other related costs (6.8 ) (31.7 ) Other (5.1 ) (8.2 ) Changes in operating assets and liabilities (93.2 ) (3.9 ) Net cash used in operating activities (39.2 ) (10.5 ) INVESTING ACTIVITIES: Additions to property, plant and equipment (11.0 ) (8.1 ) Proceeds from sale of business, trademarks and long-lived assets, net of cash disposed of — 92.5 Proceeds from company-owned insurance policy liquidations — 7.9 Other (0.9 ) (2.4 ) Net cash provided by (used in) investing activities (11.9 ) 89.9 FINANCING ACTIVITIES: Payments under revolving credit agreements (171.0 ) (299.0 ) Borrowings under revolving credit agreements 236.0 219.0 Proceeds from company-owned insurance policies — 7.0 Payments on long-term debt (5.0 ) (26.7 ) Cash dividends paid (16.7 ) (16.2 ) Employee taxes paid under stock-based compensation plans (8.5 ) (1.7 ) Proceeds from the exercise of stock options 0.5 — Net cash provided by (used in) financing activities 35.3 (117.6 ) Effect of foreign exchange rate changes 4.7 1.9 Decrease in cash and cash equivalents (11.1 ) (36.3 ) Cash and cash equivalents at beginning of the year 152.1 184.6 Cash and cash equivalents at end of the quarter $ 141.0 $ 148.3 Expand The following tables contain information regarding the non-GAAP financial measures used by the Company in the presentation of its financial results: * To supplement the consolidated condensed financial statements presented in accordance with Generally Accepted Accounting Principles ("GAAP"), the Company describes what certain financial measures would have been if environmental and other related costs net of recoveries, non-cash impairment of long-lived assets, reorganization costs, and costs associated with divestitures were excluded. The financial results of the ongoing business for 2024 exclude financial results from the Sperry business. The Company believes these non-GAAP measures provide useful information to both management and investors by increasing comparability to the prior period by adjusting for certain items that may not be indicative of the Company's core ongoing operating business results and to better identify trends in the Company's ongoing business. The adjusted financial results are used by management to, and allow investors to, evaluate the operating performance of the Company on a comparable basis The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates. The Company believes providing constant currency information provides valuable supplemental information regarding results of operations, consistent with how the Company evaluates performance. The Company calculates constant currency by converting the current-period local currency financial results using the prior period exchange rates and comparing these adjusted amounts to the Company's current period reported results. Management does not, nor should investors, consider such non-GAAP financial measures in isolation from, or as a substitution for, financial information prepared in accordance with GAAP. A reconciliation of all non-GAAP measures included in this press release, to the most directly comparable GAAP measures are found in the financial tables above. Expand
Fashion United
18-06-2025
- Business
- Fashion United
Wolverine Worldwide granted 'Great Place to Work' certfication
Wolverine Worldwide, Inc., a leading outdoor and footwear company, has earned the Great Place to Work certification, highlighting the company's commitment to improving the employee experience and fostering a dynamic and positive workplace culture throughout its operations in the United States. The Great Place to Work certification, which distinguishes employers that prioritize employee experience, is based on employees' survey feedback on aspects such as trust, appreciation in the workplace, and camaraderie. 88 percent of Wolverine Worldwide employees in the US said the company is "a great workplace," 33 percentage points more than the average company. "Being a Certified great workplace is a testament to the culture we've built together at Wolverine Worldwide," said Chris Hufnagel, president and CEO of Wolverine Worldwide, in a statement. "This recognition validates the amazing spirit of our team – a team that's committed to fulfilling our vision to Make. Every Day. Better. and to create not just a great place to work, but a place where people can grow, lead, and leave a lasting impact." 91 percent of the employees surveyed at Wolverine Worldwide stated they believed that management promotes inclusive behavior and avoids discrimination, remaining steadfast to the fair and equal treatment of employees. In addition, 87 percent of employees report genuine enjoyment at work, driven by a welcoming culture, open self-expression, and strong team camaraderie. 87 percent also express pride in their team's achievements and a willingness to go above and beyond for collective success. "By successfully earning this recognition, it is evident that Wolverine Worldwide stands out as one of the top companies to work for, providing a great workplace environment for its employees," said Sarah Lewis-Kulin, the VP of global recognition at Great Place To Work. Wolverine Worldwide's recent Great Place to Work Certification follows recent recognition from Forbes as one of America's Dream Employers and Best Midsize Employers, as well as a spot on Inspiring Workplaces' list of the Most Inspiring Workplaces in North America. Since 2023, Wolverine Worldwide has introduced a series of enhancements within its corporate operations aimed at attracting and retaining talent. These include a forthcoming 40,000-square-foot renovation at its global headquarters in Rockford, MI, to serve as the new home for Merrell and Saucony (opening May 2025); a new 11,000-square-foot Innovation Hub in Boston in November 2024; and additional office space launched in Zhuhai in October 2024 and Hong Kong in September 2024. Its European headquarters in London's King's Place also underwent renovation in June 2023. The company's Rockford headquarters offers a range of on-site amenities to support employee wellbeing, including a subsidized daycare and early education center, fully equipped fitness facilities with certified trainers, nature trails, a subsidized cafeteria, and dog daycare. In 2024, Wolverine Worldwide also introduced Employee Resource Groups (ERGs), voluntary, employee-led groups designed to strengthen community and promote inclusivity across its global teams. Current ERGs include PRIDE, Wolverine Military and Veterans, Wolverine United, Wolverine Young Professionals, the Womxn's Resource Community, and Working Moms.
