Wolverine World Wide (NYSE:WWW) Announces Earnings Results, Beats Estimates By $0.02 EPS

Wolverine World Wide (NYSE:WWW) released its quarterly earnings results on Thursday. The textile maker reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02, FiscalAI reports. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company had revenue of $506.40 million during the quarter, compared to the consensus estimate of $500.74 million. During the same period in the prior year, the firm earned $0.32 earnings per share. Wolverine World Wide’s revenue was up 6.8% on a year-over-year basis. Wolverine World Wide updated its FY 2026 guidance to 1.550-1.650 EPS.

Here are the key takeaways from Wolverine World Wide’s conference call:

• Second-quarter results exceeded expectations: Revenue rose 6% on a constant-currency basis to $506 million, adjusted EPS increased 14% to $0.40, and adjusted operating margin expanded 80 basis points to 10%.
• Wolverine World Wide raised its fiscal 2026 outlook, now expecting revenue of $1.98 billion–$2.00 billion, adjusted EPS of $1.55–$1.65, adjusted operating margin of approximately 9.9%, and operating free cash flow of $115 million–$130 million.
• Merrell and Saucony continued to drive growth, with quarterly revenue up 10% and 9%, respectively. Saucony’s full-year outlook was raised to mid-teens growth, while Merrell continued gaining U.S. hike-category market share.
• Sweaty Betty and Wolverine showed early signs of improvement but remain uneven. Sweaty Betty declined 3% due to its U.S. reset, while Wolverine grew high single digits yet faces continued marketplace recalibration and potential near-term retail volatility.
• Tariffs and higher oil prices remain pressure points, with an estimated unmitigated tariff headwind of roughly $48 million for 2026. Direct-to-consumer performance also remains a work in progress, including a decline for Merrell as marketing spending shifted toward longer-term brand building.

Wolverine World Wide Price Performance

Shares of NYSE WWW opened at $21.09 on Friday. The company has a 50 day simple moving average of $18.13 and a two-hundred day simple moving average of $17.41. Wolverine World Wide has a fifty-two week low of $13.47 and a fifty-two week high of $32.80. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 16.35 and a beta of 1.73. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.89 and a current ratio of 1.55.

Wolverine World Wide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.9%. Wolverine World Wide’s dividend payout ratio (DPR) is currently 32.26%.

Key Wolverine World Wide News

Here are the key news stories impacting Wolverine World Wide this week:

• Positive Sentiment: Q2 results exceeded expectations. Wolverine reported adjusted earnings of $0.40 per share, above the $0.38 consensus estimate and up from $0.32 a year earlier. Revenue rose 6.8% year over year to $506.4 million, surpassing estimates of approximately $500.7 million. Wolverine World Wide Q2 earnings and revenues beat estimates
• Positive Sentiment: Full-year guidance was raised or reaffirmed at a favorable level. Wolverine now expects fiscal 2026 adjusted EPS of $1.55-$1.65 and revenue of roughly $1.98 billion-$2.0 billion. The earnings range is broadly consistent with, and at the upper end above, the prior analyst consensus of $1.56, reinforcing confidence in the company’s outlook. Wolverine World Wide raises fiscal 2026 outlook
• Positive Sentiment: Brand momentum is improving. Merrell and Saucony showed strong demand, helping Wolverine gain market momentum and supporting expectations for continued sales growth and margin expansion. Management also outlined plans to sustain global growth at both brands. Wolverine CEO discusses Merrell and Saucony growth
• Positive Sentiment: Analysts raised their valuation targets. Stifel Nicolaus lifted its target from $25 to $26 with a Buy rating, Robert W. Baird raised its target from $24 to $26 with an Outperform rating, and Needham increased its target from $21 to $24 with a Buy rating. The revisions suggest analysts see additional upside following the earnings beat. Analysts raise forecasts for Wolverine World Wide

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WWW shares. Telsey Advisory Group reiterated a “market perform” rating and set a $21.00 target price on shares of Wolverine World Wide in a report on Friday. KeyCorp restated an “overweight” rating and set a $25.00 price target on shares of Wolverine World Wide in a research report on Thursday. Needham & Company LLC upped their price target on Wolverine World Wide from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday. Zacks Research downgraded Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Stifel Nicolaus raised their price objective on Wolverine World Wide from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Wolverine World Wide currently has a consensus rating of “Hold” and a consensus target price of $23.50.

Insider Activity at Wolverine World Wide

In other news, Director Brenda J. Lauderback sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total value of $87,340.00. Following the sale, the director directly owned 54,202 shares of the company’s stock, valued at $860,727.76. The trade was a 9.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in Wolverine World Wide by 295.7% in the first quarter. Royal Bank of Canada now owns 33,055 shares of the textile maker’s stock worth $460,000 after acquiring an additional 24,701 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Wolverine World Wide by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,480 shares of the textile maker’s stock worth $660,000 after acquiring an additional 2,321 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Wolverine World Wide by 55.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,504,571 shares of the textile maker’s stock valued at $20,929,000 after acquiring an additional 537,854 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Wolverine World Wide by 13.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,688 shares of the textile maker’s stock valued at $3,167,000 after acquiring an additional 26,870 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Wolverine World Wide by 4.8% in the 2nd quarter. Invesco Ltd. now owns 997,217 shares of the textile maker’s stock worth $18,030,000 after purchasing an additional 45,982 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc (NYSE: WWW) is a global footwear and apparel company headquartered in Rockford, Michigan. The company designs, manufactures and markets a diversified portfolio of casual, active and performance lifestyle brands. Wolverine World Wide’s offerings span multiple price points and consumer segments, with products that include outdoor and trail footwear, running shoes, casual sneakers, boat shoes, work boots and related apparel and accessories.

Key brands in Wolverine World Wide’s portfolio include Merrell, an outdoor performance footwear brand; Saucony, known for running shoes and athletic gear; Sperry, which popularized boat shoes; Hush Puppies, a casual and comfort‐oriented line; and Keds, a heritage sneaker label.