Wolverine World Wide ( (WWW) ) has released its Q1 earnings. Here is a breakdown of the information Wolverine World Wide presented to its investors.
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Wolverine World Wide, Inc., founded in 1883 and headquartered in Rockford, Michigan, is a prominent marketer and licensor of branded footwear and apparel, known for its diverse portfolio of brands including Merrell, Saucony, and Hush Puppies, among others.
In its first quarter of 2025, Wolverine World Wide reported a significant financial performance, with notable growth driven by its brands Merrell and Saucony. The company achieved a record gross margin and more than tripled its earnings year-over-year, reflecting the effectiveness of its strategic initiatives.
Key financial highlights include a total revenue increase of 4.4% to $412.3 million, with Merrell and Saucony showing double-digit revenue growth of 13.2% and 29.6%, respectively. The company’s gross margin improved to 47.3%, up from 45.9% the previous year, and operating expenses decreased by 5.1%. Additionally, diluted earnings per share rose significantly to $0.13 from a loss of $0.19 in the same quarter last year.
Looking ahead, Wolverine World Wide anticipates continued momentum into the second quarter of 2025, with expected revenue growth of 3.7% to 6.0% compared to the previous year. The company remains focused on leveraging its global brands and strategic advantages to navigate market uncertainties and drive future growth.