Wolverine World Wide (NYSE:WWW) Issues Earnings Results

Wolverine World Wide (NYSE:WWW) posted its 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. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The firm had revenue of $505.40 million for the quarter, compared to analyst estimates of $500.08 million. During the same period in the previous year, the firm posted $0.36 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. 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 Trading Up 4.2%

Wolverine World Wide stock traded up $0.92 during mid-day trading on Thursday, hitting $22.85. 1,448,059 shares of the stock were exchanged, compared to its average volume of 1,081,545. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 1.17. Wolverine World Wide has a 12 month low of $14.00 and a 12 month high of $23.84. The firm’s fifty day simple moving average is $20.00 and its two-hundred day simple moving average is $18.25. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.47 and a beta of 1.67.

Wolverine World Wide Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. Williams Trading set a $20.00 price objective on shares of Wolverine World Wide in a research note on Wednesday, August 19th. Seaport Research Partners restated a “buy” rating and issued a $30.00 price objective on shares of Wolverine World Wide in a report on Friday, August 14th. UBS Group raised their target price on Wolverine World Wide from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Wolverine World Wide in a research report on Tuesday, September 8th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Wolverine World Wide has a consensus rating of “Hold” and an average target price of $23.33.

Latest Wolverine World Wide News

Investors following WWW have been watching these news items:

• Positive Sentiment: Third-quarter adjusted earnings were $0.79 per share, well above the $0.46 analyst consensus and up from $0.36 a year earlier. Revenue rose 7.5% to $505.4 million, beating estimates of about $500.1 million. Wolverine World Wide tops Q3 earnings and revenue estimates
• Positive Sentiment: The company raised its FY2026 EPS guidance to $1.95–$1.99, above the prior analyst consensus of $1.65. Its revenue outlook is $2.0 billion, roughly in line with consensus. Wolverine lifts outlook as third-quarter profit and revenue rise
• Positive Sentiment: Needham raised its price target from $24 to $26 and reiterated a Buy rating, signaling increased optimism about the shares.

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.