Wolverine World Wide (WWW)
NYSE:WWW
Top Page
Wolverine World Wide
(NYSE:WWW)
Select Model
Select Model
Rating:61Neutral
Price Target:
$17.00
▲(3.22% Upside)
Action:ReiteratedDate:02/27/26
WWW scores highest on improving fundamentals and upbeat, cash-flow-supported guidance, but is held back by leverage on the balance sheet and a weak longer-term technical trend (below the 100- and 200-day averages with slightly negative MACD). Valuation is reasonable rather than compelling, limiting upside support if tariff and segment-reset risks persist.
Positive Factors
Cash Generation
Sustained positive operating free cash flow and recent $126M outflow demonstrate structural cash-generation capacity. That cash funded meaningful debt reduction, improving financial flexibility and enabling continued investment in brand building and capex without relying on equity or new debt issuance.
Negative Factors
High Leverage
Elevated net debt and a debt-to-equity ratio above 1x limit financial flexibility and increase vulnerability to shocks. While deleveraging is underway, interest costs and covenant considerations could constrain capital allocation and slow strategic investments if cash flow weakens or tariffs pressure margins.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Sustained positive operating free cash flow and recent $126M outflow demonstrate structural cash-generation capacity. That cash funded meaningful debt reduction, improving financial flexibility and enabling continued investment in brand building and capex without relying on equity or new debt issuance.
Read all positive factors
Wolverine World Wide (WWW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.34B
Dividend Yield2.28%
Average Volume (3M)1.33M
Price to Earnings (P/E)11.3
Beta (1Y)1.91
Revenue Growth3.61%
EPS GrowthN/A
CountryUS
Employees3,100
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)0.45
Shares Outstanding81,315,285
10 Day Avg. Volume1,138,716
30 Day Avg. Volume1,332,423
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)3.65
Price to Sales (P/S)0.79
P/FCF Ratio12.23
Enterprise Value/Market Cap1.38
Enterprise Value/Revenue0.99
Enterprise Value/Gross Profit2.09
Enterprise Value/Ebitda10.26
Forecast
1Y Price Target
$23.20Price Target Upside40.86% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)1.44
Revenue Forecast (FY)$1.98B
Wolverine World Wide Business Overview & Revenue Model
Company Description
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. The company operate...
How the Company Makes Money
Wolverine World Wide makes money primarily by selling branded footwear (and, to a lesser extent, apparel and accessories) through two main routes: wholesale and direct-to-consumer (DTC). In wholesale, the company sells products in bulk to third-pa...
Wolverine World Wide Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows sales performance across various business segments, indicating which segments are growing or declining and how the company is diversifying its revenue streams.
Shows sales performance across various business segments, indicating which segments are growing or declining and how the company is diversifying its revenue streams.
Data provided by:
The Fly
The FlyWolverine World Wide Earnings Call Summary
Earnings Call Date:Feb 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The call conveyed solid execution and notable progress: full-year revenue growth, significant margin expansion, a 53% increase in adjusted EPS, strong Free Cash Flow and debt reduction, and standout brand momentum (notably Saucony and Merrell). Management provided constructive 2026 guidance with continued brand investments and disciplined cost actions. Key headwinds include meaningful tariff-driven margin pressure, ongoing recalibration of the Wolverine and Work Group businesses, Sweaty Betty's U.S. reset, and distribution rationalization for Saucony lifestyle—risks that management is addressing. On balance, the positive financial results, cash generation, and clear brand momentum materially outweigh the near-term operational and policy challenges.Positive Updates
Full-Year Revenue Growth
Fiscal 2025 revenue of $1.874 billion, up 7% reported and 6% on a constant currency basis (foreign currency benefit ~$14M). The 53rd week contributed ~70 basis points to revenue, concentrated in DTC.
Negative Updates
Tariff Headwinds and Policy Uncertainty
Company estimates an unmitigated full-year 2026 tariff impact of approximately $60M (an incremental ~$50M vs. 2025) and expects tariffs to meaningfully pressure gross margin (guidance assumes ~300 basis points unmitigated impact), with policy uncertainty persisting.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Revenue Growth
Fiscal 2025 revenue of $1.874 billion, up 7% reported and 6% on a constant currency basis (foreign currency benefit ~$14M). The 53rd week contributed ~70 basis points to revenue, concentrated in DTC.
Read all positive updates
Company Guidance
The company guided fiscal 2026 revenue of $1.96B–$1.985B (≈5.2% reported growth at the midpoint; ~$14M FX tailwind), noting the absence of the 53rd week is an ~70 bps headwind and that on a constant‑currency, 53rd‑week‑adjusted basis revenue is targeted to grow ~5.2% (revenue slightly more first‑half weighted with most FX benefit in Q1). By segment/brand, Active Group is expected to grow mid‑single digits, Work Group to be ~flat; Merrell mid‑single digits, Saucony low‑ to mid‑teens, Sweaty Betty down low‑single digits, and Wolverine ~flat. The guide assumes full‑year unmitigated tariff pressure of ~$60M (an incremental ~$50M vs 2025) and estimates gross margin of ~46% (down ~130 bps, with ~300 bps unmitigated tariff impact offset by pricing, mix and savings), adjusted operating margin ~9.1% (up ~10 bps), adjusted diluted EPS $1.35–$1.50 (vs $1.35 in 2025), operating free cash flow $105M–$120M with capex ≈$20M, interest & other ≈$23M, and an ~18% effective tax rate (no share repurchases assumed). First quarter 2026 guidance: revenue $445M–$450M (≈8.5% reported; ~5.1% constant currency), Q1 gross margin ~47.5% (down ~10 bps; ~260 bps unmitigated tariff impact), adjusted operating margin ~6.6% (up ~30 bps) and adjusted EPS $0.20–$0.22.Wolverine World Wide Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
48
Neutral
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.87B | 1.75B | 2.24B | 2.68B | 2.41B |
| Gross Profit | 886.70M | 781.50M | 872.50M | 1.07B | 1.03B |
| EBITDA | 180.20M | 130.50M | -46.20M | -171.00M | 207.30M |
| Net Income | 95.80M | 47.90M | -39.60M | -188.30M | 68.60M |
Balance Sheet | |||||
| Total Assets | 1.71B | 1.67B | 2.06B | 2.49B | 2.59B |
| Cash, Cash Equivalents and Short-Term Investments | 206.30M | 152.10M | 179.00M | 131.50M | 161.70M |
| Total Debt | 762.00M | 797.70M | 1.09B | 1.35B | 1.12B |
| Total Liabilities | 1.29B | 1.35B | 1.76B | 2.15B | 1.94B |
| Stockholders Equity | 408.00M | 307.30M | 278.60M | 320.60M | 629.60M |
Cash Flow | |||||
| Free Cash Flow | 121.60M | 159.90M | 107.20M | -215.40M | 69.20M |
| Operating Cash Flow | 136.10M | 180.10M | 121.80M | -178.90M | 86.80M |
| Investing Cash Flow | -13.90M | 86.80M | 171.60M | 54.60M | -437.30M |
| Financing Cash Flow | -73.80M | -299.20M | -246.30M | 107.10M | 169.30M |
Wolverine World Wide Technical Analysis
Negative
16.47
Price Trends
17.58
Negative
17.51
Negative
21.14
Negative
Market Momentum
-0.31
Negative
45.32
Neutral
70.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WWW, the sentiment is Negative. The current price of 16.47 is below the 20-day moving average (MA) of 16.70, below the 50-day MA of 17.58, and below the 200-day MA of 21.14, indicating a bearish trend. The MACD of -0.31 indicates Negative momentum. The RSI at 45.32 is Neutral, neither overbought nor oversold. The STOCH value of 70.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WWW.
Wolverine World Wide Risk Analysis
Wolverine World Wide disclosed 35 risk factors in its most recent earnings report. Wolverine World Wide reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Wolverine World Wide Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $307.68M | 12.56 | 9.35% | 9.66% | -3.64% | -16.12% | |
69 Neutral | $287.89M | 9.84 | 9.15% | 2.08% | 4.13% | 53.56% | |
62 Neutral | $4.02B | -57.09 | -5.37% | ― | <0.01% | -77.31% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $1.34B | 11.34 | 26.62% | 2.28% | 3.61% | ― | |
56 Neutral | $2.42B | 66.08 | 5.21% | 1.97% | 6.26% | -66.51% | |
54 Neutral | $369.80M | -56.33 | -1.16% | 2.11% | -2.83% | -86.19% |
* Consumer Cyclical Sector Average
WWW
Wolverine World Wide
16.47
3.02
22.44%
CROX
Crocs
79.94
-26.05
-24.58%
RCKY
Rocky Brands
38.20
20.98
121.80%
SHOO
Steven Madden
33.20
7.23
27.86%
WEYS
Weyco Group
32.28
4.68
16.96%
CAL
Caleres
10.94
-5.99
-35.39%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.