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

Wolverine World Wide (NYSE:WWW) announced its earnings results on Thursday. The textile maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02, FiscalAI reports. The firm had revenue of $506.40 million for the quarter, compared to the consensus estimate of $500.74 million. Wolverine World Wide had a net margin of 5.41% and a return on equity of 29.37%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. 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 Trading Up 10.1%

WWW stock traded up $1.83 during trading on Thursday, hitting $19.89. The company had a trading volume of 584,133 shares, compared to its average volume of 1,171,588. The stock has a market cap of $1.63 billion, a PE ratio of 16.05 and a beta of 1.73. The business has a 50-day moving average of $17.95 and a 200-day moving average of $17.37. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. Wolverine World Wide has a one year low of $13.47 and a one year high of $32.80.

Wolverine World Wide Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 1st will be issued a $0.10 dividend. The ex-dividend date is Thursday, October 1st. This represents a $0.40 annualized dividend and a yield of 2.0%. Wolverine World Wide’s dividend payout ratio is presently 32.26%.

Insider Activity

In other news, Director Brenda J. Lauderback sold 5,500 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were 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 approximately $860,727.76. This represents a 9.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Wolverine World Wide

Several hedge funds and other institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new position in Wolverine World Wide in the 2nd quarter valued at $34,000. Global Retirement Partners LLC increased its holdings in shares of Wolverine World Wide by 2,134.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after purchasing an additional 2,754 shares during the period. Quadrant Capital Group LLC increased its stake in 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 worth $55,000 after acquiring an additional 1,232 shares during the last quarter. Larson Financial Group LLC raised its stake in Wolverine World Wide by 13,834.3% in the third quarter. Larson Financial Group LLC now owns 4,877 shares of the textile maker’s stock valued at $134,000 after purchasing an additional 4,842 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Wolverine World Wide in the 4th quarter worth $151,000. Institutional investors own 90.25% of the company’s stock.

Key Wolverine World Wide News

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

• Positive Sentiment: Wolverine reported second-quarter adjusted EPS of $0.40, above the $0.38 analyst consensus and up from $0.32 a year earlier. Revenue reached $506.4 million, exceeding expectations of $500.7 million and increasing 6.8% year over year. Wolverine World Wide quarterly earnings report
• Positive Sentiment: The company updated its fiscal 2026 outlook to EPS of $1.55–$1.65, with the midpoint modestly above the $1.56 consensus estimate. Revenue guidance remains approximately $2.0 billion, broadly in line with expectations. Wolverine World Wide earnings and revenue beat estimates
• Positive Sentiment: Needham raised its price target for WWW from $21 to $24 and upgraded the stock to Buy, signaling increased confidence in the company’s earnings outlook and suggesting additional upside from recent trading levels. Needham raises Wolverine World Wide price target
• Neutral Sentiment: Investors are also evaluating key operating metrics from the quarter, including brand performance and comparisons with Wall Street estimates and the prior-year period. The earnings release highlighted results across Wolverine’s portfolio, including Merrell and Saucony. Wolverine World Wide Q2 key metrics

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Telsey Advisory Group decreased their price objective on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Robert W. Baird cut their price target on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, May 15th. Zacks Research cut Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 11th. Finally, Wall Street Zen cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.12.

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.