earnings
confidence high
sentiment positive
materiality 0.80
Wolverine Q2 rev +6.8% to $506M, EPS $0.37; raises FY26 outlook
WOLVERINE WORLD WIDE INC /DE/
- Q2 revenue $506.4M, +6.8% YoY; diluted EPS $0.37, adjusted EPS $0.40 (vs $0.32/$0.35 prior year).
- Merrell revenue +11.1% to $175.5M; Saucony +9.9% to $158.6M; Sweaty Betty -2.4% to $40.3M.
- Gross margin 46.5% (-70bps) on higher U.S. tariffs; operating margin 9.3% (+70bps).
- Inventory down 17% to $269M; net debt down 22% to $443M.
- FY2026 guidance raised: revenue $1.98-2.00B (prev $1.96-1.985B), adjusted EPS $1.55-1.65 (prev $1.43-1.58).