Wolverine World Wide (NYSE:WWW) Announces Quarterly Earnings Results

Wolverine World Wide (NYSE:WWW) posted its quarterly earnings results on Thursday. The textile maker reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.33, FiscalAI reports. The company had revenue of $505.40 million for the quarter, compared to the consensus estimate of $500.08 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.36 EPS. Wolverine World Wide updated its FY 2026 guidance to 1.950-1.990 EPS.

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

• Q3 revenue exceeded expectations, rising 7.7% on a constant-currency basis, led by Saucony (+20%) and Merrell (+7%). Adjusted EPS was $0.48 excluding a $0.31 benefit from tariff refunds, up 33% year over year.
• The company raised its full-year 2026 outlook to revenue of $2.00 billion–$2.01 billion and adjusted EPS of $1.95–$1.99; the EPS forecast includes about $0.32 from tariff refunds, and assumes no further refunds.
• Underlying profitability improved despite tariff costs: gross margin excluding refunds rose 70 basis points to 48.2%, while adjusted operating margin excluding refunds increased 230 basis points to 11.4%. Management cited pricing, a higher mix of full-price sales, supply-chain efficiencies, and operating leverage.
• Results remained uneven at Sweaty Betty and Wolverine: revenue declined 7% and 4%, respectively. Wolverine’s full-year outlook shifted from roughly flat to a low-single-digit decline as it continues to reset its marketplace.
• The balance sheet strengthened, with net debt down 26% year over year to $399 million and leverage at 1.6 times; full-year free-cash-flow guidance rose to $155 million–$170 million.

Wolverine World Wide Stock Up 4.2%

NYSE:WWW traded up $0.92 during trading hours on Thursday, reaching $22.85. The company’s stock had a trading volume of 1,448,059 shares, compared to its average volume of 923,600. Wolverine World Wide has a one year low of $14.00 and a one year high of $23.84. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.67. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.55 and a quick ratio of 0.98. The business’s 50-day moving average is $20.00 and its 200-day moving average is $18.25.

Wolverine World Wide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 1st. Stockholders of record on Monday, January 4th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, January 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.8%. Wolverine World Wide’s dividend payout ratio (DPR) is currently 31.01%.

Analyst Upgrades and Downgrades

WWW has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Wolverine World Wide in a research report on Tuesday, September 8th. Telsey Advisory Group reissued a “market perform” rating and issued a $21.00 price target on shares of Wolverine World Wide in a research note on Friday, August 14th. Needham & Company LLC raised their target price on shares of Wolverine World Wide from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus upped their price target on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Robert W. Baird upped their target price on Wolverine World Wide from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $23.33.

Latest Wolverine World Wide News

Here’s some of the latest news about WWW:

• Positive Sentiment: Q3 adjusted earnings were $0.79 per share, versus the $0.46 consensus and $0.36 a year earlier. Revenue rose 7.5% year over year to $505.4 million, also topping estimates. Wolverine Worldwide Reports Third Quarter 2026 Results
• Positive Sentiment: Needham raised its price target to $26 from $24 and reiterated a Buy rating, signaling greater confidence in the shares.
• Neutral Sentiment: Reports cited strong Saucony growth, while tariff refunds also lifted quarterly profits. The refunds supported results but may be a less recurring earnings contributor. Wolverine’s Q3 Sales Top Expectations on Strong DD-Growth at Saucony, Profits Boosted by Tariff Refunds

Wolverine World Wide Company Profile

Wolverine World Wide, Inc. is a footwear and apparel company that designs, markets and distributes products through a portfolio of consumer and workwear brands. Its brands include Merrell, Saucony, Sweaty Betty, Wolverine, Chaco and Bates, with offerings that span outdoor, athletic, casual and occupational footwear, as well as apparel and accessories. Founded in 1883 in Rockford, Michigan, the company has expanded from its early roots in leather and footwear manufacturing into an international brand business.