Wolverine World Wide (NYSE:WWW) Releases Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Wolverine World Wide (NYSE:WWW) released its quarterly earnings results on Thursday. The textile maker reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.33, FiscalAI reports. The company had revenue of $505.40 million during the quarter, compared to analysts’ expectations of $500.08 million. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. Wolverine World Wide’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior 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%

Shares of WWW opened at $22.85 on Friday. The company’s 50-day moving average price is $20.00 and its 200 day moving average price is $18.25. Wolverine World Wide has a 12-month low of $14.00 and a 12-month high of $23.84. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The firm has a market cap of $1.88 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 1.48 and a beta of 1.67.

Wolverine World Wide Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 1st. Investors of record on Monday, January 4th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, January 4th. Wolverine World Wide’s payout ratio is 31.01%.

Recent Wolverine World Wide Headlines

Investors following WWW have been watching these headlines:

• Positive Sentiment: The company raised its FY2026 EPS outlook to $1.95–$1.99, above the roughly $1.65 analyst consensus. Its revenue forecast is about $2.0 billion, in line with expectations. Guidance article
• Positive Sentiment: Reports pointed to strong Saucony growth as a contributor to sales momentum. Needham also raised its price target to $26 from $24 and maintained a Buy rating, adding analyst support. SGB Online article
• Neutral Sentiment: Tariff refunds helped boost quarterly profits, so some of the earnings strength may reflect a benefit that is not necessarily recurring. SGB Online article

Analyst Upgrades and Downgrades

WWW has been the topic of a number of recent research reports. Robert W. Baird boosted their price objective on Wolverine World Wide from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Zacks Research downgraded Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 30th. KeyCorp reaffirmed an “overweight” rating and issued a $25.00 target price on shares of Wolverine World Wide in a research note on Thursday, August 13th. Wall Street Zen upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Finally, UBS Group boosted their price target on shares of Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.33.

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.