We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wolverine (WWW) Up 10.6% Since Last Earnings Report: Can It Continue?
Read MoreHide Full Article
It has been about a month since the last earnings report for Wolverine World Wide (WWW - Free Report) . Shares have added about 10.6% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Wolverine due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Wolverine has reported impressive third-quarter 2025 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Also, revenues and earnings grew year over year.
The company delivered a solid quarter, with Merrell, Saucony and Sweaty Betty all exceeding expectations. Disciplined execution, coupled with another quarter of a record gross margin, resulted in better-than-anticipated earnings per share. While progress has been strong, the company acknowledges that further work is needed.
Wolverine continues to focus on executing its brand-building model while navigating a dynamic environment. As the company approaches the end of a pivotal year, new strategies and initiatives are driving the development of innovative products, strengthening brand storytelling and supporting sustained value creation for shareholders.
Insight Into WWW’s Q3 Performance
The company has posted adjusted earnings of 36 cents a share, which beat the Zacks Consensus Estimate of 33 cents. The figure improved from adjusted earnings of 28 cents in the prior-year quarter. At constant currency, the company’s earnings per share were 35 cents, up from earnings of 28 cents in the prior-year quarter.
Total revenues were $470.3 million, up 6.8% year over year on a reported basis and 5.5% on a constant-currency basis. Ongoing revenues of $470.3 million increased 6.9% on a reported basis and 5.5% on a constant-currency basis. The top line surpassed the Zacks Consensus Estimate of $463 million. Direct-to-consumer revenues on an ongoing basis were $106.8 million, down 4.9% year over year. WWW’s international business revenues increased 13.5% to $242.7 million.
Regarding segments, Active Group’s revenues increased 10.7% year over year to $352.8 million. Revenues at Work Group declined 2.9% year over year to $105.9 million. Revenues of the Other segment fell 6.5% year over year to $11.6 million.
Brand-wise, Merrell’s revenues rose 5.1% year over year to $167.3 million. Saucony’s revenues jumped 27% to $133.1 million. Wolverine’s revenues declined 8.2% to $45.3 million. Sweaty Betty generated revenues of $44.5 million, down 3.9% year over year.
Wolverine’s Margins & Costs
Gross profit was $223.2 million, up 12.3% year over year. We note that the gross margin increased 240 basis points (bps) year over year to 47.5%. This resulted from the benefits of supply-chain cost-saving initiatives, reduced promotional activity and favorable pricing actions, partially offset by the impacts of higher U.S. tariffs. Adjusted operating costs increased 9.1% year over year to $180.2 million. Also, the metric, as a percentage of revenues, increased 150 bps to 9.1%.
WWW’s Other Financials
The company ended the quarter with cash and cash equivalents of $133.9 million, long-term debt of $546.4 million, and stockholders' equity of $391 million. Net debt was $543 million at the end of the quarter, down 3.6% from the previous year. Inventory at the end of the quarter was $293 million, down 0.7% from the year-earlier quarter.
What Lies Ahead for Wolverine?
The company’s 2025 outlook indicates the impacts of foreign currency fluctuations and the inclusion of a 53rd week in the fiscal year, both of which will influence annual comparisons. For fiscal 2025, revenues are projected to be between $1.86 billion and $1.87 billion, suggesting growth of 6-6.8% from the 2024 ongoing business and constant-currency growth of 5.1-6%.
The gross margin is expected to be 47.1%, reflecting an improvement of 280 basis points over 2024. The operating margin is anticipated to reach 7.8%, up 220 basis points from the prior year, whereas the adjusted operating margin is forecast to be 8.9%, representing a 160-basis-point improvement over 2024’s adjusted operating margin. Earnings per share are projected at $1.08 to $1.13, whereas adjusted earnings per share are estimated between $1.29 and $1.34.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates review.
VGM Scores
Currently, Wolverine has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a score of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Wolverine has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wolverine (WWW) Up 10.6% Since Last Earnings Report: Can It Continue?
It has been about a month since the last earnings report for Wolverine World Wide (WWW - Free Report) . Shares have added about 10.6% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Wolverine due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
WWW Q3 Earnings & Sales Beat Estimates on Broad-Based Brand Momentum
Wolverine has reported impressive third-quarter 2025 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Also, revenues and earnings grew year over year.
The company delivered a solid quarter, with Merrell, Saucony and Sweaty Betty all exceeding expectations. Disciplined execution, coupled with another quarter of a record gross margin, resulted in better-than-anticipated earnings per share. While progress has been strong, the company acknowledges that further work is needed.
Wolverine continues to focus on executing its brand-building model while navigating a dynamic environment. As the company approaches the end of a pivotal year, new strategies and initiatives are driving the development of innovative products, strengthening brand storytelling and supporting sustained value creation for shareholders.
Insight Into WWW’s Q3 Performance
The company has posted adjusted earnings of 36 cents a share, which beat the Zacks Consensus Estimate of 33 cents. The figure improved from adjusted earnings of 28 cents in the prior-year quarter. At constant currency, the company’s earnings per share were 35 cents, up from earnings of 28 cents in the prior-year quarter.
Total revenues were $470.3 million, up 6.8% year over year on a reported basis and 5.5% on a constant-currency basis. Ongoing revenues of $470.3 million increased 6.9% on a reported basis and 5.5% on a constant-currency basis. The top line surpassed the Zacks Consensus Estimate of $463 million. Direct-to-consumer revenues on an ongoing basis were $106.8 million, down 4.9% year over year. WWW’s international business revenues increased 13.5% to $242.7 million.
Regarding segments, Active Group’s revenues increased 10.7% year over year to $352.8 million. Revenues at Work Group declined 2.9% year over year to $105.9 million. Revenues of the Other segment fell 6.5% year over year to $11.6 million.
Brand-wise, Merrell’s revenues rose 5.1% year over year to $167.3 million. Saucony’s revenues jumped 27% to $133.1 million. Wolverine’s revenues declined 8.2% to $45.3 million. Sweaty Betty generated revenues of $44.5 million, down 3.9% year over year.
Wolverine’s Margins & Costs
Gross profit was $223.2 million, up 12.3% year over year. We note that the gross margin increased 240 basis points (bps) year over year to 47.5%. This resulted from the benefits of supply-chain cost-saving initiatives, reduced promotional activity and favorable pricing actions, partially offset by the impacts of higher U.S. tariffs. Adjusted operating costs increased 9.1% year over year to $180.2 million. Also, the metric, as a percentage of revenues, increased 150 bps to 9.1%.
WWW’s Other Financials
The company ended the quarter with cash and cash equivalents of $133.9 million, long-term debt of $546.4 million, and stockholders' equity of $391 million. Net debt was $543 million at the end of the quarter, down 3.6% from the previous year. Inventory at the end of the quarter was $293 million, down 0.7% from the year-earlier quarter.
What Lies Ahead for Wolverine?
The company’s 2025 outlook indicates the impacts of foreign currency fluctuations and the inclusion of a 53rd week in the fiscal year, both of which will influence annual comparisons. For fiscal 2025, revenues are projected to be between $1.86 billion and $1.87 billion, suggesting growth of 6-6.8% from the 2024 ongoing business and constant-currency growth of 5.1-6%.
The gross margin is expected to be 47.1%, reflecting an improvement of 280 basis points over 2024. The operating margin is anticipated to reach 7.8%, up 220 basis points from the prior year, whereas the adjusted operating margin is forecast to be 8.9%, representing a 160-basis-point improvement over 2024’s adjusted operating margin. Earnings per share are projected at $1.08 to $1.13, whereas adjusted earnings per share are estimated between $1.29 and $1.34.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates review.
VGM Scores
Currently, Wolverine has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock has a score of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Wolverine has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.