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15	15	Wolverine World Wide, Inc. (NYSE: WWW) is a leading designer, marketer, and licensor of various types of footwear and apparel, including casual, performance, kids', industrial, and uniform shoes. The company markets a variety of footwear and apparel styles under recognizable brands like Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, HYTEST, Merrell, Saucony, Sperry, Sweaty Betty, and Wolverine. Wolverine World Wide was established in 1883 by G.A. Krause and Fredrick Hirth currently headquartered in Rockford, Michigan, USA.{{footnote}}https://www.globaldata.com/company-profile/wolverine-world-wide-inc/{{/footnote}} Wolverine Shoe and Tanning Corporation, originally a leather shop in Grand Rapids, Michigan, expanded into a shoe factory and tannery. In 1964, it changed its name to Wolverine World Wide, Inc. and became publicly traded on the New York Stock Exchange. As of 2023, the company markets its products in 170 countries and territories, with some regions relying on third-party distributors, licensees, and joint ventures.
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	17	+The company’s portfolio of brands was organized into the following three reportable segments Active Group, Work Group, and Lifestyle Group. Wolverine has a diverse portfolio of brands that cater to different segments of customers, such as casual, active lifestyle, work, outdoor sport, athletic, children’s, and uniform footwear and apparel.
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	19	+As of December 31, 2022, the Company had approximately 4,300 domestic and foreign production, office, and sales employees. The current CEO and president of Wolverine is Christopher Hufnage. As of September 30, 2023, the company had 112,939,664 shares outstanding and during the year ended on September 30, 2023, the company paid cash dividend amounting to $24.5 million. The company has 272 institutional shareholders, and Blackrock Inc. is the largest shareholder with 15.04% shareholding. The 52-week price range of Wolverine is 7.21 to 17.85, and the trailing PE ratio is 77.90. The earnings per share of the company are 0.11 for the quarter that ended on 30 September 2023; the gross margin is 40.82%, the operating margin is 5.17%, the net margin is 1.71% and the return on assets is 2.48% as of 30 September 2023.
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	21	+= Recent Business Developments =
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	23	+* On March 15, 2023, Wolverine continued its partnership with Halo for a second year in a row, and the limited-edition drop was available on March 16 in Spartan-inspired colorways: Wild Kovan, Foxwood Seal, Scorpion Horvath, and Midnight Frost.{{footnote}}https://www.prnewswire.com/news-releases/wolverine-and-halo-launch-spartan-inspired-boot-collection-301772204.html{{/footnote}}
	24	+* On August 1, 2023, Wolverine announced a name, image, and likeness (NIL) agreement with 13 University of Michigan football players.
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