Wolverine World Wide (NYSE:WWW – Get Free Report) released its earnings results on Thursday. The textile maker reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03, Zacks reports. The firm had revenue of $457.60 million for the quarter, compared to analysts’ expectations of $448.44 million. Wolverine World Wide had a net margin of 5.06% and a return on equity of 29.84%. Wolverine World Wide’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. Wolverine World Wide updated its FY 2026 guidance to 1.430-1.580 EPS.
Here are the key takeaways from Wolverine World Wide’s conference call:
- Wolverine World Wide beat Q1 expectations, with revenue up 11% reported and adjusted EPS up 32% to $0.25. Management said the quarter showed stronger operating discipline and more leverage in the business.
- Merrell and Saucony drove the growth, with Merrell revenue up 9% and Saucony up 15% in the quarter. Both brands benefited from new product launches, stronger marketing, and improved brand heat.
- Full-year guidance was reaffirmed for revenue but raised for profit. The company kept 2026 revenue guidance at $1.96 billion-$1.985 billion, while lifting gross margin, operating margin, and EPS targets after a better-than-expected start to the year.
- Gross margin held up well despite tariff pressure, with Q1 gross margin flat year over year at 47.6% even after a 270 basis point unmitigated tariff headwind. Management said tariff mitigation and a higher full-price mix are helping offset cost pressures.
- Sweaty Betty and Wolverine remain turnaround stories. Sweaty Betty was down 4% due to the planned U.S. reset, while Wolverine revenue fell 3% even as it gained share in U.S. work boots and management said both brands are making progress under new strategies.
Wolverine World Wide Stock Down 2.4%
Shares of Wolverine World Wide stock traded down $0.38 during trading on Thursday, hitting $15.15. 2,987,777 shares of the stock traded hands, compared to its average volume of 1,007,642. The company has a fifty day moving average price of $16.75 and a two-hundred day moving average price of $17.59. Wolverine World Wide has a twelve month low of $13.47 and a twelve month high of $32.80. The stock has a market cap of $1.24 billion, a P/E ratio of 13.41 and a beta of 1.75. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.87 and a current ratio of 1.40.
Wolverine World Wide Dividend Announcement
More Wolverine World Wide News
Here are the key news stories impacting Wolverine World Wide this week:
- Positive Sentiment: Wolverine World Wide reported Q1 EPS of $0.25, above the $0.22 consensus, while revenue of $457.6 million also topped estimates and rose 11% year over year. Wolverine Worldwide Reports First Quarter 2026 Results
- Positive Sentiment: The company raised its FY 2026 EPS guidance to $1.43-$1.58 and lifted margin expectations, suggesting management sees continued profitability improvement ahead. Wolverine outlines FY 2026 EPS of $1.43 to $1.58 while raising margin expectations
- Positive Sentiment: Management highlighted a “solid start” to 2026, with higher prices helping protect margins and international sales rising, which supports the bullish reaction in the stock. Wolverine World Wide Raises Earnings Guidance as International Sales Rise
- Neutral Sentiment: Investor commentary around Saucony’s growth and a new marketing chief at the brand reinforces the view that Wolverine’s activewear portfolio is gaining momentum, but this is more of a longer-term catalyst than an immediate earnings driver. Can Saucony Sustain Its Winning Streak?
- Negative Sentiment: The stock had been under pressure before earnings, so while the report is encouraging, investors may still be watching for sustained demand and whether guidance proves conservative. Here’s How Wolverine Stock is Poised Just Ahead of Q1 Earnings
Hedge Funds Weigh In On Wolverine World Wide
Several hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board acquired a new stake in shares of Wolverine World Wide in the second quarter worth about $34,000. Global Retirement Partners LLC raised its stake in shares of Wolverine World Wide by 2,134.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 2,754 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Wolverine World Wide by 68.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,040 shares of the textile maker’s stock valued at $55,000 after acquiring an additional 1,232 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Wolverine World Wide by 13,834.3% in the 3rd quarter. Larson Financial Group LLC now owns 4,877 shares of the textile maker’s stock worth $134,000 after purchasing an additional 4,842 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Wolverine World Wide during the fourth quarter worth approximately $151,000. 90.25% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
WWW has been the subject of a number of research analyst reports. BNP Paribas Exane downgraded Wolverine World Wide from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $38.00 to $19.00 in a research report on Thursday, January 22nd. Robert W. Baird lifted their target price on Wolverine World Wide from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. Argus reissued a “hold” rating on shares of Wolverine World Wide in a report on Friday, January 23rd. KeyCorp boosted their target price on shares of Wolverine World Wide from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Telsey Advisory Group lifted their price target on shares of Wolverine World Wide from $18.00 to $22.00 and gave the stock a “market perform” rating in a research report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.33.
Read Our Latest Stock Report on WWW
About Wolverine World Wide
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.
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