Wolverine World Wide, Inc.
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Wolverine World Wide, Inc. Financial Snapshot
Operating Performance
Fast Facts
The company reported revenues of US$1,248.52
Headquarters Address 9341 Courtland Drive N.E., Rockford, 49351
million during 2010, with a CAGR of 2.26% during
2006–2010. Its revenue grew at an annual rate of
Telephone + 1 616 8665500
13.39% over the previous fiscal year. In 2010, the
company recorded an operating margin of 11.39%, as
Fax + 1 616 8660257 against 7.78% in 2009.
Website www.wolverineworldwide.com
Revenue and Margins
Ticker Symbol, Stock Exchange WWW, New York Stock Exchange
Number of Employees 4,139
Fiscal Year End December
Revenue (in US$ million) 1,248.52
SWOT Analysis
Strengths Weaknesses Return on Equity
Broad distribution base Limited store operations The company recorded a return on equity (ROE) of
19.21% for 2010, as compared to its peers, NIKE, Inc.
(Ticker: NKE), Foot Locker, Inc. (Ticker: FL) and
Extensive brand portfolio Brown Shoe Company, Inc. (Ticker: BWS), which
recorded ROEs of 19.55%, 2.46% and 2.36%
Strong sourcing activities respectively. The company reported an operating
margin of 11.39% in 2010.
Opportunities Threats
Return on Equity
Growth of footwear industry Increasing online theft in the US
Growth of online retail Rise in Counterfeit Products
Increasing consumer spending in the
Rising manpower costs
US
Liquidity Position
The company reported a current ratio of 4.11 in 2010,
as compared to its peers, NIKE, Inc., Foot Locker,
Inc. and Brown Shoe Company, Inc., which recorded
current ratios of 3.26, 4.09 and 1.71 respectively. As
of December 2010, the company recorded cash and
short-term investments of worth US$150.40 million,
against US$0.52 million current debt. The company
reported a debt to equity ratio of 0.00 in 2010 as
compared to its peers, NIKE, Inc., Foot Locker, Inc.
and Brown Shoe Company, Inc., which recorded debt
to equity ratios of 0.06, 0.07 and 0.61 respectively.
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Wolverine World Wide, Inc. - SWOT Profile Page 1
Wolverine World Wide, Inc.
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TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Business Description ..............................................................................................................................................5
1.3 Major Products and Services .................................................................................................................................6
2 Analysis of Key Performance Indicators ............................................................................................... 7
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
2.2 Key Financial Performance Indicators .................................................................................................................10
2.2.1 Revenue and Operating Profit .........................................................................................................................10
2.2.2 Asset, Liabilities and Capex .............................................................................................................................11
2.2.3 Operational Efficiency ......................................................................................................................................12
2.2.4 Solvency ..........................................................................................................................................................13
2.2.5 Valuation ..........................................................................................................................................................14
2.3 Key Competitors ...................................................................................................................................................15
3 Mergers & Acquisitions and Partnerships ........................................................................................... 16
3.1 M&A and Partnerships Strategy ...........................................................................................................................16
4 Recent Developments ........................................................................................................................... 18
5 SWOT Analysis ...................................................................................................................................... 19
5.1 SWOT Analysis - Overview ..................................................................................................................................19
5.2 Strengths ..............................................................................................................................................................19
5.3 Weaknesses .........................................................................................................................................................19
5.4 Opportunities ........................................................................................................................................................19
5.5 Threats .................................................................................................................................................................20
6 Company Statement .............................................................................................................................. 21
7 History .................................................................................................................................................... 22
8 Wolverine World Wide, Inc. - Key Employees ..................