Wolverine Q2 revenue up 11.5%, EPS $0.32; Q3 guidance issued

WOLVERINE WORLD WIDE INC /DE/

2025-Q2 EPS reported $0.45 vs consensus $0.24 ▲ beat (+89.9%)

Revenue $474.2M (+11.5% YoY); Active Group revenue $355.5M (+16.2%) led by Saucony +41.5%.
Adjusted diluted EPS $0.35 (+133% YoY); gross margin 47.2% (+410 bps).
Net debt $568M, down $99M (-14.8%) YoY; inventory $316M, up 6.4%.
Q3 guide: revenue ~$450-460M (+2.1-4.4% YoY); adjusted EPS $0.28-0.32.
No full-year 2025 outlook given due to tariff and macro uncertainty.

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