Wolverine Q1 revenue $457.6M (+11% YoY), EPS $0.24, raises FY EPS guidance

WOLVERINE WORLD WIDE INC /DE/

Revenue $457.6M (+11.0% YoY, +7.3% constant currency), beating expectations.
GAAP diluted EPS $0.24; adjusted diluted EPS $0.25 (+31.6% YoY).
Active Group revenue $371.6M (+13.7%); Saucony +20.1%, Merrell +12.7%.
FY2026 outlook: revenue $1.96-1.985B (unchanged); EPS raised to $1.39-1.54 GAAP, $1.43-1.58 adjusted.
Gross margin 47.6% (flat YoY); operating margin up 230 bps to 7.4%.

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