Wolverine World Wide (NYSE:WWW) Issues Earnings Results

Wolverine World Wide (NYSE:WWW) released its earnings results on Thursday. The textile maker reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02, FiscalAI reports. The firm had revenue of $506.40 million during the quarter, compared to the consensus estimate of $500.74 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. 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 Stock Performance

WWW opened at $19.74 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.53 and a debt-to-equity ratio of 1.26. The firm has a market cap of $1.62 billion, a PE ratio of 15.92 and a beta of 1.73. The business has a fifty day simple moving average of $18.02 and a 200-day simple moving average of $17.39. Wolverine World Wide has a fifty-two week low of $13.47 and a fifty-two week high of $32.80.

Wolverine World Wide Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 2nd. Stockholders 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 annualized dividend and a dividend yield of 2.0%. Wolverine World Wide’s dividend payout ratio (DPR) is currently 32.26%.

Insider Activity at Wolverine World Wide

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

Institutional Trading of Wolverine World Wide

Institutional investors and hedge funds have recently bought and sold shares of the stock. Callodine Capital Management LP lifted its stake in Wolverine World Wide by 30.5% during the fourth quarter. Callodine Capital Management LP now owns 3,524,326 shares of the textile maker’s stock valued at $63,967,000 after buying an additional 822,966 shares in the last quarter. State Street Corp boosted its holdings in shares of Wolverine World Wide by 2.1% in the fourth quarter. State Street Corp now owns 3,100,339 shares of the textile maker’s stock worth $56,271,000 after buying an additional 63,041 shares during the period. JPMorgan Chase & Co. increased its position in shares of Wolverine World Wide by 3.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,006,578 shares of the textile maker’s stock worth $36,419,000 after acquiring an additional 59,304 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Wolverine World Wide by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 1,889,235 shares of the textile maker’s stock worth $34,296,000 after acquiring an additional 10,423 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Wolverine World Wide by 8.6% during the second quarter. Bank of America Corp DE now owns 1,772,076 shares of the textile maker’s stock valued at $32,039,000 after acquiring an additional 139,913 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen downgraded Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Needham & Company LLC raised their target price on Wolverine World Wide from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday. Weiss Ratings raised Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 11th. Zacks Research cut shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Robert W. Baird cut their price target on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.12.

Wolverine World Wide News Roundup

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

• Positive Sentiment: Q2 earnings and revenue beat estimates. Wolverine reported adjusted EPS of $0.40, ahead of the $0.38 analyst consensus and up from $0.32 a year earlier. Revenue reached $506.4 million, exceeding the $500.74 million estimate and increasing 6.8% year over year. Wolverine World Wide Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Full-year revenue outlook was raised. Management now expects fiscal 2026 revenue of approximately $1.98 billion to $2.0 billion, supporting investor confidence in continued growth. EPS guidance remains $1.55 to $1.65, broadly consistent with the roughly $1.56 analyst consensus. Wolverine World Wide FY2026 Guidance
• Positive Sentiment: Analyst sentiment improved. Needham raised its price target on WWW from $21 to $24 and assigned a “buy” rating, indicating expectations that the earnings momentum and brand performance can support further appreciation. Needham Raises Wolverine World Wide Price Target
• Neutral Sentiment: Management is emphasizing Merrell and Saucony. CEO Chris Hufnagel outlined plans to sustain growth at the two key brands, making brand execution and international expansion important factors for future results. Wolverine CEO on Merrell and Saucony Growth

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.