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4 Takeaways From Switchback 2025, From Tariff Talk to Courting New Consumers
4 Takeaways From Switchback 2025, From Tariff Talk to Courting New Consumers

Yahoo

time6 hours ago

  • Business
  • Yahoo

4 Takeaways From Switchback 2025, From Tariff Talk to Courting New Consumers

Switchback has wrapped its first standalone trade show, growing out of The Running Event to gather the outdoor industry over three days this week in Nashville. Nearly 1,300 attendees represented 194 brands and 290 retailers from 41 states and 9 countries. The trade show opened Monday with a series of educational panels and presentations, and the programming continued through Tuesday and Thursday while more than 30,000 feet of exhibition state was open for previews from brands. More from WWD Code Korea Project: 8 Brands to Check Out During Pitti Uomo The Couture Show 2025: Resilience in the Face of Uncertainty The Highlights and Events of Couture 2025 Nurture Relationships and Celebrate Design Excellence On Wednesday, Footwear News highlighted the top 17 shoes revealed at Switchback, and now we're taking a broader look at key business takeaways from the outdoor trade show. A prevailing sentiment throughout the trade show was that it was great to be back together in one place. With the disruption of COVID and Outdoor Retailer's profile diminished, brands and retailers relished the opportunity to once again meet face-to-face. 'I think this show is exactly what the industry needs,' Jessica Adler, vice president of sales for Merrell, told FN. 'It's great to have a national show that is relevant, gets everybody energized and excited about the future. I love the traffic, love the energy.' Although the list of exhibitors carried some heavy-hitters — including show sponsors Merrell and The North Face, as well as Asics, Arc'teryx, Birkenstock, and Skechers — the exhibition hall was intentionally kept intimate. Booth space was limited to 20 feet by 20 feet, with an exception made only for Merrell's double plot. 'We wanted to create this inclusive floor plan that would be easy to explore and easy for discovery, to really keep everyone connected and together,' said Christina Henderson, director of Switchback and The Running Event. 'We wanted something that we will build upon.' Lee Cox, vice president and general manager of Teva and Ahnu, appreciated the scope of Switchback and said it comes at an important time for Teva. 'It feels like a big regional show,' Cox said. 'Sometimes trade shows can get a little too big and it becomes more of a marketing tool versus a selling tool. For us, this is a selling tool.' Away from the business conducted in the exhibition hall, a full slate of educational panels and presentations offered insights on vendor-retailer relationships, tariffs, sustainability, and consumer profiles. Those at the front of the room spoke candidly on their respective topics, and the audiences weren't shy in their questioning and outlining some of their own difficulties. The next Switchback will return to its place within The Running Event in December in San Antonio, and next year's standalone spring show has already been announced for June in New Orleans. In a Monday afternoon panel on improving wholesale relationships between retailers and vendors, specialty retailers were in the spotlight. Direct-to-consumer sales have added competition, and one thing is clear: retailers want vendors to stop stepping on their toes. Minimum advertised pricing (MAP) policies are a major point of contention, as specialty retailers are often unable to match the discounts offered by the brands themselves and operate with slimmer margins. 'We started trying to match and coordinate, and I've drifted more and more to I don't care, and I can't,' said Brian Mildenstein, owner of Fin & Feater in Iowa City, during the panel. 'It's impossible for me to do that, so we'll just focus on ourselves and do our own thing to make sure we're still relevant.' Adler acknowledged that Merrell has been strict about MAP pricing, sometimes even 'too diligent at times,' but said the brand is open to working with retailers if something's not working. 'We're trying to become more channel agnostic,' Adler said. 'DTC is a good test run for us to see what works — how do we connect [it] and see if it's worth scaling, how do we continue to build upon that faster with our wholesale channel. It's no longer about just having these transactional relationships in wholesale. It's really about partnerships and strategic partnership and understanding that alignment.' Specialty retailers have the advantage of being able to educate consumers in-person, and both sides of the panel expressed a desire to work together more on community-building events such as run clubs and pint nights. There's also a strong desire to return to more face-to-face interaction, which Switchback was able to provide. A Monday afternoon presentation from Kelly Davis, director of research for Outdoor Industry Association (OIA), put forth a new system of categorization for consumers: Core, Active and Casual. Whereas consumers were previously categorized purely based off of frequency of activity, this system also accounts for intensity of approach, spend levels and desired effect. Core consumers average an annual spend of $2,200 on gear and apparel, while Active and Casual come in $1,600 and $1,400 respectively. But the Core consumer, the hardcore participant so often the emphasis of marketing and product design, accounts for just 5.1 percent of the market. What remains is a vast majority falling into either Active (49.7 percent) or Casual (42 percent). Decreasing sales from 2021 to 2024 can be attributed to a misunderstanding of the Active and Casual consumers who account for the most purchases. Whereas the Core consumer is seeking excitement, the two other categories are motivated by something else. 'We are happiness dealers,' Davis said. 'We're not selling climate, we're not selling a running shoe, we're not selling any of that. We're selling experiences and beyond experiences, we're selling happiness, calm and balance.' Brands, retailers and consumers are all waiting to see where tariff policies land. The announcement of tariffs, the reversals and the ongoing windows for negotiations have made it hard to plan for the long-term. A presentation from Jaclyn Levy, senior directory of advocacy and government Affairs for OIA, zeroed in on what can actually be done in this period of uncertainty. Levy underlined the importance of reaching out to elected representatives to advocate and educate. Noise needs to be made to highlight how the outdoor business will be affected by tariffs, as 98 percent of apparel and 99 percent of footwear sold in the U.S. is imported. 'It's easy to close your eyes if somebody's not sitting in your office telling them exactly how many jobs were lost in their own constituency,' Levy said. Innovation is also at the core of the outdoor business, the expense of which becomes harder to tackle with the threats of tariffs. To help businesses communicate with their representatives, OIA has resources available including webinars and toolkits on top of the advocacy it's undertaking on its own. Even among the uncertainty, some brands such as Arc'teryx and Birkenstock made the point of noting that their prices are already set for spring 2026. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Q1 Earnings Highs And Lows: Wolverine Worldwide (NYSE:WWW) Vs The Rest Of The Footwear Stocks
Q1 Earnings Highs And Lows: Wolverine Worldwide (NYSE:WWW) Vs The Rest Of The Footwear Stocks

Yahoo

timea day ago

  • Business
  • Yahoo

Q1 Earnings Highs And Lows: Wolverine Worldwide (NYSE:WWW) Vs The Rest Of The Footwear Stocks

Looking back on footwear stocks' Q1 earnings, we examine this quarter's best and worst performers, including Wolverine Worldwide (NYSE:WWW) and its peers. Before the advent of the internet, styles changed, but consumers mainly bought shoes by visiting local brick-and-mortar shoe, department, and specialty stores. Today, not only do styles change more frequently as fads travel through social media and the internet but consumers are also shifting the way they buy their goods, favoring omnichannel and e-commerce experiences. Some footwear companies have made concerted efforts to adapt while those who are slower to move may fall behind. The 8 footwear stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 1.4% while next quarter's revenue guidance was in line. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. Founded in 1883, Wolverine Worldwide (NYSE:WWW) is a global footwear company with a diverse portfolio of brands including Merrell, Hush Puppies, and Saucony. Wolverine Worldwide reported revenues of $412.3 million, up 4.4% year on year. This print exceeded analysts' expectations by 4.1%. Overall, it was a very strong quarter for the company with an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. Wolverine Worldwide pulled off the biggest analyst estimates beat of the whole group. Unsurprisingly, the stock is up 18.8% since reporting and currently trades at $17.60. Is now the time to buy Wolverine Worldwide? Access our full analysis of the earnings results here, it's free. Originally selling Japanese Onitsuka Tiger sneakers as Blue Ribbon Sports, Nike (NYSE:NKE) is a global titan in athletic footwear, apparel, equipment, and accessories. Nike reported revenues of $11.27 billion, down 9.3% year on year, outperforming analysts' expectations by 2.3%. The business had a stunning quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 17% since reporting. It currently trades at $59.60. Is now the time to buy Nike? Access our full analysis of the earnings results here, it's free. The owner of Dr. Scholl's, Caleres (NYSE:CAL) is a footwear company offering a range of styles. Caleres reported revenues of $614.2 million, down 6.8% year on year, falling short of analysts' expectations by 1.3%. It was a disappointing quarter as it posted a significant miss of analysts' adjusted operating income and EPS estimates. Caleres delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 19.9% since the results and currently trades at $13.13. Read our full analysis of Caleres's results here. Founded in 2002, Crocs (NASDAQ:CROX) sells casual footwear and is known for its iconic clog shoe. Crocs reported revenues of $937.3 million, flat year on year. This print surpassed analysts' expectations by 3.1%. It was a very strong quarter as it also recorded an impressive beat of analysts' constant currency revenue and EPS estimates. The stock is flat since reporting and currently trades at $100.45. Read our full, actionable report on Crocs here, it's free. As seen in the infamous Wolf of Wall Street movie, Steven Madden (NASDAQ:SHOO) is a fashion brand famous for its trendy and innovative footwear, appealing to a young and style-conscious audience. Steven Madden reported revenues of $553.5 million, flat year on year. This result came in 1% below analysts' expectations. Taking a step back, it was still an exceptional quarter as it produced an impressive beat of analysts' EPS estimates and a solid beat of analysts' adjusted operating income estimates. The stock is up 14.5% since reporting and currently trades at $23. Read our full, actionable report on Steven Madden here, it's free. In response to the Fed's rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed's 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump's presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

5 tech travel hacks I learned after 2 months backpacking in Asia — don't make the same mistakes as me
5 tech travel hacks I learned after 2 months backpacking in Asia — don't make the same mistakes as me

Tom's Guide

time2 days ago

  • Tom's Guide

5 tech travel hacks I learned after 2 months backpacking in Asia — don't make the same mistakes as me

Last year, I backpacked across Asia for two months, and it was the best time of my life. My boyfriend and I started in South Korea (where we'd just spend two years teaching English to kindergarteners), and traveled to Japan, Indonesia, Vietnam, and Thailand before heading back home to the U.K.. The picture you see above is us on the summit of Mt. Batur in Indonesia — look at the clouds! They're so beautiful they don't even seem real. But also... look at my shoes. I'm wearing my Merrell hiking boots (that I love, don't get me wrong). This was a major error — they took up so much space in my luggage and I only wore them a couple of times because it was just way too hot. So I though I'd compile everything I learned while traveling Asia, so you don't make the same travel tech mistakes as me. Please learn from my oopsies. Why was this a mistake? Because I have a MacBook Pro M1 14-inch, which weighs about 3.5 pounds, give or take. That is pretty heavy when you're trying to save as much weight as you can for airplane luggage. What should you do instead? You should definitely take an iPad or just your phone instead. Booking tickets and managing itineraries might be a little tricky on a phone, though, so I'd recommend taking one of the best tablets. I have an iPad 2021 (I took that too!) and I wish that had been the only computer I'd taken. Why was this a mistake? It's all about saving space when you're traveling. What was the point of taking a pair of headphones and earbuds? I never wore the headphones either, because I couldn't be bothered to dig them out of my backpack. What should you do instead? Take the smallest earbuds you can find. I loved the ANC on my AirPods Pro 2 when I was on flights. I can also recommend the Bose QuietComfort earbuds, because the ANC is second-to-none. Alternatively, the Sony WF-C710N could be a good, cheaper option, with great ANC for just $119. These are my favorite earbuds in the world. I used them while traveling, so I can say with confidence that the ANC is good enough to block out airplane engine noises and even loud intercity buses. Why was this a mistake? I guess you're noticing a theme here... taking books was a fool's error! Why did I fill my backpack with paper books when I'm going to be carrying my luggage around? I ended up leaving some at a hotel's book swap. What should you do instead? Definitely use the iPad or tablet you're going to take to read books, or get a Kindle. The best Kindles can be as affordable as $159 these days. I recommend the Kindle Paperwhite (2024): it has an awesome 12-week battery life and is even IPX8-rated so you'll be able to keep reading at the pool without stress. Why was this a mistake? For some reason, I took my Merrell hiking boots. Don't get me wrong, I love my Merrell hiking boots — they are some of the best hiking boots. But they are so big and so heavy. They took up loads of space in my luggage, and I only wore them once because they were so heavy — I resorted to my Teva hiking sandals the rest of the time. What should you do instead? You should get a pair of really good trail running shoes and use them for both walking shoes and hiking boots. I have the Hoka Speedgoat 5 GTX right now, but I also like the look of the Merrell Moab 3 for something more hardy. If I'd taken these instead, I would've had more space in my luggage, my feet wouldn't have got so hot on hikes, and I would've been able to squeeze a run in, too. I have the Speedgoat 5, but that's because I bought the shoes a while ago. Now Hoka is onto the Speedgoat 6, which are lighter than the 5s (so even better for traveling) and are more durable (so better for more tempestuous environments). Why was this a mistake? For obvious reasons, I wanted to get some shut-eye on various travel days. I traveled by plane, boat, bus, and train on my 2 months in Asia, and I had to suffer through all of them by resting my cheek on the window and begging sleep to come. What should you do instead? You should definitely get a good travel neck pillow. A travel pillow is essential for sleeping on planes. Tempur-Pedic's travel pillow is $69 and is super plush, which will help you sleep on public transport. Tempur-Pedic (yes, the same brand that makes some of the best mattresses in the world) has a plush travel pillow for just $65. This travel pillow is reportedly very firm, which makes it perfect for propping you up on long travel days.

REI's fitness sale takes up to 33% off Hoka shoes, Garmin smartwatches and more
REI's fitness sale takes up to 33% off Hoka shoes, Garmin smartwatches and more

CNN

time05-06-2025

  • Lifestyle
  • CNN

REI's fitness sale takes up to 33% off Hoka shoes, Garmin smartwatches and more

REI has launched a new fitness sale this week, packed with hundreds of workout deals across quite a few of CNN Underscored's favorite brands. With up to 30% in savings, you can score deep discounts on editor-favorite Hoka running shoes, best-tested Garmin fitness trackers and more. With nearly 1,000 deals up for grabs, I've shopped through pages of offers to find my favorite 25 discounts in the REI fitness sale. Just act fast! As select sizes and colors are beginning to sell out. Hoka Women's Clifton 9 Running Shoes As I've gotten more into running, I've been eyeing this pair of Hoka shoes after countless coworkers praised them. We loved their plush foam midsoles and lightweight feel for cushioning steps, and with today's sale, I might have to try them out for our review Merrell Women's Agility Peak 5 Trail Running Shoes Save 25% on this pair of trail-running shoes from Merrell. It should be no surprise that the girl with blue hair would be partial to the Frost Blue color, but two other styles are receiving the same discount. Saucony Women's Tempus Road-Running Shoes Saucony's Superfoam padding helps provide an even smoother stride for these road-running shoes. I love the vibrant designs that are anything but boring, not to mention the fact that you can score the lowest price of the year at 30% off. Arc'teryx Men's Norvan LD 3 GTX Shoe These streamlined kicks get right to the point for trail running. They come in a neutral color and offer a water-repellent build thanks to Gore-Tex materials. Save 19% with this rare discount. Altra Women's Lone Peak 6 Trail Running Shoes Save 30% on this pair of Altra shoes ahead of your next trail run. They're waterproof and feature 5mm footbeds with a multidirectional lug pattern for extra traction on nearly any terrain. Patagonia Women's 3.5-Inch Strider Pro Shorts Take nearly 40% off this pair of bright red running shorts. They're perfect for lounging around on warm days or wearing while hiking trails. They feature a stretchy waistband and a recycled polyester build. Outdoor Research Vantage Crop Top This crop top comes in black or pink designs to go with the rest of your summer fitness outfit. It has a compressed fit with stretchy fabric for extra support. Arc'teryx Women's Norvan Crew Shirt I love the oversized fit of this t-shirt. It's meant to keep you comfortable when worn underneath hiking gear and is seeing a rare price cut in select sizes. The North Face Women's Winter Warm Pro Pants I love sharing a good off-season deal, and that's why these pants from The North Face make the cut. You might not wear these until fall or winter, but it's rare to see a 20% price drop from a brand this popular. Arc'teryx Women's Taema Thermal Hoody Wear this thermal hoodie on your way to workout classes on cooler spring mornings. It has dropped to its best price in over a year in three different colors for $20 off. Patagonia Men's 18-Inch Hydropeak Board Shorts This pair of board shorts comes in three fun styles and tons of sizes, so you can add the perfect one to your summer wardrobe. The 24% discount is the best I've tracked all year, making it all the more enticing to snag this lightweight, quick-drying design. Smartwool Men's Intraknit Active T-Shirt When you think of Smartwool, you'll probably picture one of the best base layers in the game for keeping you warm. The brand also makes performance gear to keep you cool, like this Active T-Shirt on sale for 25% off in three colors. Free Country Men's Engineered Swim Shorts Your summer workout routine deserves to take a detour for some pool time. Be ready to swim laps or just beat the heat in this pair of color-blocked shorts at nearly 30% off. Arc'teryx Men's Delta Half-Zip Pullover This half-zip pullover is the perfect piece of outerwear for early morning jogs or gloomy spring days. It boasts sweat-wicking tech under the arms to keep you comfortable and is great for once we make it through summer and get into cooler fall weather. Glyder Men's 7.5-Inch Medalist Shorts These soft, stretchy workout pants seem so comfortable that you'll also want to wear them around the house. They feature a drawstring waistband and zippered back pocket for storing valuables during runs. Garmin Venu 3S The Venu 3S is one of Garmin's best smartwatches, offering a chicer, more stylish design compared to the brand's more rugged fitness trackers. It's the best all-around option if you're looking to balance fitness features with other tech you'd use outside the workout class. Its multiday battery life supports text and app and call notifications, plus all the run-tracking capabilities you'd expect. Garmin Instinct 3 Solar Smartwatch The first discount on Garmin's new solar-powered smartwatch is here. Revealed back at CES 2025, the new Instinct 3 Solar features theoretically never-ending battery life, with its sun-powered design. Seven hours of sunlight per day can indefinitely extend the usage of its monochrome display and fitness tracking our review Garmin Fenix 8 AMOLED Sapphire The upgraded version of our pick for the best premium running watch, the Garmin Fenix 8 Sapphire, features a more durable display with an AMOLED panel that's brighter than our best-tested pick. Save $200 and score the best price I've tracked on this high-end fitness tracker that's built to last for years' worth of hikes, runs and workouts. Garmin Forerunner 165 The most affordable Garmin on the list, this Forerunner 165 features smartphone connectivity that can send heart rate data, details about your pace and other training info right to your iPhone. Garmin Forerunner 165 Music For an extra $50, the Forerunner 165 Music adds built-in storage to bring music along with you. If you like to travel light for your workouts, this will ensure you can still rock out to your fitness playlist without bringing a phone along. Osprey 65-Liter Transporter Duffel Bag Haul all your workout gear to and from the gym in this 65-liter Osprey duffel bag. It's 25% off and lands at the best price of the season in your choice of two colors. CamelBak Zephyr Pro Hydration Vest This hydration vest is ready to keep the water flowing during long runs, race days and whatever other outdoor adventures are on the books. Save $48 with this limited-time deal. Nathan 12-Liter Trail Mix Hydration Vest Take $50 off this 12-liter hydration pack that comes in a beautiful blue hue. It has a 2-liter water reservoir and plenty of extra room for gear or snacks. Osprey Arcane Duffel Pack This duffel pack is perfect for smaller workout kits or for use as your everyday bag. You can use it as an over-the-shoulder bag or with a typical backpack-style configuration. CamelBak 21-Ounce Quick Grip Chill Handheld Water Bottle The CamelBak Quick Grip Chill handheld water bottle is made with runners in mind. It features a harness that fits onto your hand and even has a little pocket for your smartphone or wallet. When the deals experts at CNN Underscored are hunting down deals, we're searching through thousands of listings in savings events or shopping the clearance sections from major retailers to find the best ways to save. For this story, our editors cross-referenced our best-tested guides to find deals on CNN Underscored's favorite products. CNN Underscored's deals editors look out for your wallet daily, scouring sales every morning. We tap a range of techniques and consider a variety of factors to determine whether a deal is worthy of coverage, such as price history checks, available coupon codes and competitor pricing. Our team, consisting of senior editor Rikka Altland, editor Jacqueline Saguin and associate editor Elena Matarazzo, is passionate about unearthing deals that we would be tempted to shop, and enjoy finding a great deal on a coveted item (especially one that's top-tested by our experts) because it means that we're helping our readers make savvy buying decisions.

WWW Q1 Earnings Call: Tariff Uncertainty Tempers Strong Brand Momentum
WWW Q1 Earnings Call: Tariff Uncertainty Tempers Strong Brand Momentum

Yahoo

time05-06-2025

  • Business
  • Yahoo

WWW Q1 Earnings Call: Tariff Uncertainty Tempers Strong Brand Momentum

Footwear conglomerate Wolverine Worldwide (NYSE:WWW) fell short of the market's revenue expectations in Q1 CY2025 as sales rose 4.4% year on year to $412.3 million. Its non-GAAP EPS of $0.18 per share was 64.2% above analysts' consensus estimates. Is now the time to buy WWW? Find out in our full research report (it's free). Revenue: $412.3 million (4.4% year-on-year growth) Adjusted EPS: $0.18 vs analyst estimates of $0.11 (64.2% beat) Revenue Guidance for Q2 CY2025 is $445 million at the midpoint, roughly in line with what analysts were expecting Adjusted EPS guidance for Q2 CY2025 is $0.22 at the midpoint, below analyst estimates of $0.24 Operating Margin: 4.8%, up from -0.8% in the same quarter last year Market Capitalization: $1.35 billion Wolverine Worldwide's first quarter results reflected continued progress in reinvigorating its key brands, as management emphasized robust growth in Saucony and Merrell. CEO Chris Hufnagel highlighted sequential improvements in top-line trends, crediting a disciplined approach to inventory management and reduced promotional activity for driving higher gross margins. Saucony's performance was attributed to new product launches like the Endorphin Elite 2 and expanded lifestyle distribution, while Merrell benefited from product innovation in trail and hike categories. Management acknowledged ongoing challenges in the Work Group and Sweaty Betty brands, but noted meaningful gross margin gains in Sweaty Betty through a shift toward full-price sales and reduced discounting. Looking ahead, Wolverine Worldwide is focused on mitigating the impact of recently announced tariffs and navigating a fluid consumer environment. Management withdrew full-year guidance, citing significant uncertainty around trade policy and consumer sentiment. CEO Chris Hufnagel outlined plans to leverage a diversified supply chain, implement targeted price increases, and intensify operational cost controls to offset an estimated $30 million profit impact from tariffs. While the company expects continued revenue growth from its largest brands and a more balanced approach to inventory, CFO Taryn Miller cautioned that the second half of 2025 could bring greater margin pressures as tariff effects intensify. Management attributed first quarter gains to strong demand for Saucony and Merrell, strategic pricing, and improved inventory discipline, but highlighted new tariff headwinds and mixed performance in smaller brands. Saucony's performance run and lifestyle growth: Saucony delivered 30% year-over-year revenue growth, driven by new launches in both performance running (e.g., Endorphin Elite 2) and lifestyle segments, with expanded distribution into over 900 new doors. Merrell innovation and market share: Merrell achieved double-digit revenue growth, gaining share in hike, trail, and lifestyle categories. The brand's focus on modernizing core franchises and launching visually distinctive products like the SpeedARC Surge Boa contributed to its momentum. Sweaty Betty profitability focus: Management prioritized margin expansion at Sweaty Betty, shifting away from promotions to a more full-price strategy. Gross margin improved by nearly 1,000 basis points, although this came at the expense of top-line growth. Work Group challenges: The Work Group saw revenue declines, partially due to lapping prior-year discounting and challenges in the product offering. Management is introducing new products and expects performance to stabilize as inventory normalizes. Supply chain diversification and tariff mitigation: Wolverine has reduced U.S. sourcing from China to less than 10%, aiming for near zero by 2026. Management is leveraging a nimble supply chain and dual sourcing to limit tariff exposure and redirect product to international markets. Wolverine Worldwide's outlook is shaped by efforts to counter tariff headwinds, strengthen its largest brands, and adapt spending in response to an uncertain economic environment. Tariff mitigation and pricing actions: Management expects incremental tariffs to impact 2025 profit by about $30 million before mitigation. To address this, the company is accelerating supply chain diversification and implementing selective price increases, though these are not expected to fully offset cost pressures. Investment in core brands and retail expansion: Continued investment in Saucony and Merrell, including new product launches and international store openings, is expected to drive revenue growth. The company is also ramping up retail marketing and city activations to build brand awareness despite a more cautious approach to discretionary spending. Operational cost controls and cautious inventory management: The company is scrutinizing SG&A (selling, general and administrative) costs and managing inventory more conservatively, particularly in categories facing softer demand. Management's new integrated business planning group is tasked with aligning inventory levels to expected demand and preventing excess stock in the event of a consumer slowdown. In coming quarters, the StockStory team will be watching (1) the effectiveness of tariff mitigation strategies and their impact on margins, (2) the ability of Saucony and Merrell to sustain growth amid increased pricing and operational changes, and (3) signs of improved stability or turnaround in the Work Group and Sweaty Betty brands. Execution on inventory management and the balance between pricing actions and consumer demand will also be critical markers of success. Wolverine Worldwide currently trades at a forward P/E ratio of 15×. At this valuation, is it a buy or sell post earnings? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. 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