Wolverine World Wide’s Earnings

Wolverine World Wide (WWW) is one of those teeny companies I love to follow. Despite its strange name, the stock is up around 200-fold in the last 30-odd years. Still, most people have never heard of it.
The company makes shoes under various labels like Hush Puppies, Sebago and even Harley-Davidson (HOG), and its stock has been doing very well lately. Shares of WWW are up about 30% for the year.
Today looks to be another good day for Wolverine as the company announced very good earnings this morning. EPS rose 9.5% to 46 cents a share, two cents more than Wall Street was expecting.
This is the company’s 17th straight record quarter. Wolverine also raised its forecast for this year to $1.41 to $1.44 a share, and for next year to $1.56 to $1.62 a share.
Here are the results for the last few years:
Year…………………………..Sales…………………………..EPS
1996………………………..$511.03 ……………………….$0.51
1997………………………..$665.13………………………..$0.64
1998………………………..$669.33………………………..$0.65
1999………………………..$701.29………………………..$0.17
2000………………………..$665.58………………………..$0.52
2001………………………..$720.07………………………..$0.72
2002………………………..$827.11………………………..$0.77
2003………………………..$888.93………………………..$0.85
2004……………………..$1,061.00………………………..$1.27
2005………………………..$991.91………………………..$1.09
2006*………………………$800.15………………………..$1.05
* First Nine Month

Posted by on October 4th, 2006 at 9:28 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.