Wolverine Worldwide showed strong performance in the second quarter, with notable revenue growth in key brands and significant improvement in gross margins. The financial position has strengthened with reduced net debt. However, challenges remain, particularly from new tariffs and pressures in specific product categories. The company is focused on long-term strategic growth and mitigating negative impacts.

Company Guidance -

Q3 2025

During Wolverine Worldwide's second-quarter fiscal 2025 earnings call, the company provided guidance for the third quarter, projecting revenue between $450 million and $460 million, marking a year-over-year increase of approximately 3.3% at the midpoint. The guidance anticipates gross margin around 47%, up 170 basis points from the previous year, and an adjusted operating margin of 8.3%, reflecting a 60 basis point increase. Adjusted diluted earnings per share are expected to range from $0.28 to $0.32. The company highlighted ongoing success with brands like Saucony, which saw a 42% revenue increase and 560 basis points of gross margin expansion, and Merrell, which grew by 11% with a nearly 600 basis point margin increase. Wolverine Worldwide emphasized its strategic focus on sustainable, profitable growth and adapting to tariff impacts, expecting the majority of the $20 million tariff-related profit impact to affect the fourth quarter.

Record Revenue and Growth in Key Brands

In the second quarter, Wolverine Worldwide exceeded expectations with double-digit revenue growth across all regions. Saucony's revenue grew by 42%, a record for Q2, and Merrell's revenue increased by 11%.

Significant Gross Margin Expansion

The company achieved more than 400 basis points of gross margin expansion compared to the previous year, setting a quarterly record.

Improvement in Financial Position

Net debt decreased by $99 million (15%) compared to the same time last year, reflecting a stronger financial position.

Turnaround in Work Group and Sweaty Betty

The Work Group returned to growth with a 2% revenue gain, and Sweaty Betty showed sequential improvement with a 6% revenue decline, better than expected.

New Store Openings and International Expansion

Saucony opened new stores in key locations like Covent Garden, London, and Harajuku, Tokyo, enhancing its global presence.

Wolverine World Wide (WWW) Earnings, Revenues Date & History

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WWW Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.32 / -	0.29	―	―	―
Aug 06, 2025	2025 (Q2)	0.24 / 0.35	0.15	133.33% (+0.20)
May 08, 2025	2025 (Q1)	0.11 / 0.18	0.05	260.00% (+0.13)
Feb 19, 2025	2024 (Q4)	0.42 / 0.42	-0.3	240.00% (+0.72)
Nov 07, 2024	2024 (Q3)	0.22 / 0.29	0.07	314.29% (+0.22)
Aug 07, 2024	2024 (Q2)	0.11 / 0.15	0.19	-21.05% (-0.04)
May 08, 2024	2024 (Q1)	<0.01 / 0.05	0.09	-44.44% (-0.04)
Feb 21, 2024	2023 (Q4)	-0.27 / -0.30	-0.15	-100.00% (-0.15)
Nov 09, 2023	2023 (Q3)	0.07 / 0.07	0.48	-85.42% (-0.41)
Aug 10, 2023	2023 (Q2)	0.19 / 0.19	0.66	-71.21% (-0.47)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WWW Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$23.50	$26.98	+14.81%
May 08, 2025	$14.72	$16.23	+10.26%
Feb 19, 2025	$18.49	$15.42	-16.60%
Nov 07, 2024	$15.78	$21.43	+35.80%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.