Wolverine World Wide (NYSE:WWW) Posts Earnings Results, Beats Expectations By $0.03 EPS

Wolverine World Wide (NYSE:WWW) announced its quarterly earnings data on Thursday. The textile maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03, Zacks reports. Wolverine World Wide had a net margin of 5.06% and a return on equity of 29.84%. The business had revenue of $457.60 million for the quarter, compared to analyst estimates of $448.44 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. 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 Performance

NYSE:WWW traded down $0.38 during mid-day trading on Thursday, reaching $15.15. 2,987,777 shares of the company’s stock were exchanged, compared to its average volume of 1,007,642. Wolverine World Wide has a one year low of $13.47 and a one year high of $32.80. The firm has a market capitalization of $1.24 billion, a PE ratio of 13.41 and a beta of 1.75. The business’s fifty day simple moving average is $16.75 and its two-hundred day simple moving average is $17.59. 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

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, July 1st. Wolverine World Wide’s dividend payout ratio (DPR) is currently 35.40%.

Hedge Funds Weigh In On Wolverine World Wide

A number of hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its stake in Wolverine World Wide by 1.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 59,742 shares of the textile maker’s stock worth $1,074,000 after acquiring an additional 782 shares during the period. LPL Financial LLC increased its holdings in Wolverine World Wide by 8.0% in the 4th quarter. LPL Financial LLC now owns 16,346 shares of the textile maker’s stock valued at $297,000 after buying an additional 1,217 shares during the period. Quadrant Capital Group LLC increased its holdings 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 valued at $55,000 after buying an additional 1,232 shares during the period. Raymond James Financial Inc. increased its holdings in Wolverine World Wide by 2.1% in the 2nd quarter. Raymond James Financial Inc. now owns 67,595 shares of the textile maker’s stock valued at $1,222,000 after buying an additional 1,395 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in Wolverine World Wide in the 2nd quarter valued at about $34,000. Institutional investors own 90.25% of the company’s stock.

Analyst Upgrades and Downgrades

WWW has been the topic of several research analyst reports. Needham & Company LLC initiated coverage on Wolverine World Wide in a research note on Thursday, March 26th. They issued a “buy” rating and a $21.00 price objective on the stock. BNP Paribas Exane lowered Wolverine World Wide from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $38.00 to $19.00 in a research note on Thursday, January 22nd. Telsey Advisory Group upped their price objective on Wolverine World Wide from $18.00 to $22.00 and gave the company a “market perform” rating in a research note on Friday, February 27th. KeyCorp upped their price objective on Wolverine World Wide from $24.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, Robert W. Baird increased their price objective on shares of Wolverine World Wide from $23.00 to $27.00 and gave the company an “outperform” 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $22.33.

Wolverine World Wide News Roundup

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

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.