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Wolverine World Wide
(NYSE:WWW)
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Rating:64Neutral
Price Target:
$19.00
▲(5.26% Upside)
Action:Reiterated
Date:05/14/26
WWW scores as moderately attractive: the largest driver is improved financial performance (profitability and cash flow recovery) but with lingering leverage and a still-reduced revenue base. The latest earnings call adds support via raised margin/EPS targets and strong Saucony/Merrell momentum, while technicals are a clear headwind due to a bearish trend despite oversold signals. Valuation (low P/E and ~2.6% yield) provides additional support.
Positive Factors
Margin & profitability recovery
Sustained margin expansion reflects improved pricing, mix and merchant discipline rather than one-off cost cuts. Higher gross and operating margins support durable cash generation, provide buffer vs. demand volatility, and enable reinvestment and deleveraging over multiple quarters.
Negative Factors
Elevated leverage
Debt materially higher than equity constrains strategic flexibility in a cyclical apparel business. Elevated leverage increases interest and refinancing sensitivity, limits ability to pursue M&A or buybacks, and requires consistent FCF to avoid renewed balance-sheet stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin & profitability recovery
Sustained margin expansion reflects improved pricing, mix and merchant discipline rather than one-off cost cuts. Higher gross and operating margins support durable cash generation, provide buffer vs. demand volatility, and enable reinvestment and deleveraging over multiple quarters.
Read all positive factors
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 (WWW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.45B
Dividend Yield2.28%
Average Volume (3M)926.41K
Price to Earnings (P/E)14.1
Beta (1Y)1.84
Revenue Growth8.31%
EPS Growth39.91%
CountryUS
Employees3,100
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)1.25
Shares Outstanding81,989,540
10 Day Avg. Volume859,588
30 Day Avg. Volume926,412
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)3.65
Price to Sales (P/S)0.79
P/FCF Ratio12.23
Enterprise Value/Market Cap1.40
Enterprise Value/Revenue1.06
Enterprise Value/Gross Profit2.25
Enterprise Value/Ebitda10.47
Forecast
1Y Price Target
$22.33Price Target Upside23.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)1.55
Revenue Forecast (FY)$1.99B
Wolverine World Wide Business Overview & Revenue Model
Company Description
Wolverine World Wide, Inc. is a multinational enterprise specializing in the design, manufacturing, sourcing, marketing, licensing, and distribution of footwear, apparel, and accessories. Its operations span across the United States, Europe, the M...
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-par...
Wolverine World Wide Earnings Call Summary
Earnings Call Date:May 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveyed clear operational and financial momentum: a revenue beat, double‑digit reported growth, strong brand performance (notably Saucony and Merrell), margin expansion and reduced net debt. Management raised profitability targets and highlighted strategic investments (marketing, e‑commerce, AI) that are driving brand heat and improved gross margin resilience. Near‑term headwinds include tariff and freight pressure, a Sweaty Betty U.S. reset, flat DTC while promotional posture is reset, and geopolitical uncertainty — but these were portrayed as manageable and partially mitigated. On balance, the positives around growth, profitability gains, and strategic progress outweigh the contained challenges.Positive Updates
Quarterly Revenue Beat
Reported revenue of $458.0M, up 11% year-over-year (7% on a constant currency basis). Foreign currency contributed a $15M benefit to the quarter.
Negative Updates
Sweaty Betty U.S. Reset Dragging Near‑Term Results
Sweaty Betty revenue declined 4% in Q1 due to an intentional reset of its U.S. business to a more premium full‑price model; excluding the U.S. reset the brand delivered low single‑digit growth.
Read all updates
Q1-2026 Updates
Positive
Negative
Quarterly Revenue Beat
Reported revenue of $458.0M, up 11% year-over-year (7% on a constant currency basis). Foreign currency contributed a $15M benefit to the quarter.
Read all positive updates
Company Guidance
Wolverine reiterated full-year revenue guidance of $1.96–$1.985 billion (≈5.2% reported growth at the midpoint, including an estimated $14 million FX benefit), noting the absence of the 53rd week is an approximate 70‑bp headwind and on a constant‑currency basis excluding that week they expect ≈5.2% growth; Active Group is expected to grow mid‑single digits and Work Group to be approximately flat, with brand guidance unchanged: Merrell mid‑single digits, Saucony low‑to‑mid teens, Sweaty Betty down low single digits and Wolverine roughly flat. They raised margin and EPS targets: gross margin ~46.4% (prior 46%), adjusted operating margin ~9.5% (prior 9.1%), and adjusted diluted EPS $1.43–$1.58 (up from $1.35–$1.50); the company now estimates 2026 unmitigated tariff impact of ~250 bps (≈$50M vs prior ~$60M) and Q2 unmitigated tariff pressure of ~310 bps, with Q2 revenue guided to $495–$500M (≈4.9% reported / ~4.5% constant‑currency at midpoint), Q2 gross margin ~46.4% (down ~80 bps YoY), Q2 adjusted operating margin ~9.5% and Q2 adjusted EPS $0.35–$0.38; interest/other expense is expected at ~ $23M, the effective tax rate ~18%, operating free cash flow $105–$120M and capex about $20M.Wolverine World Wide Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
54
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.92B | 1.87B | 1.75B | 2.24B | 2.68B | 2.41B |
| Gross Profit | 904.90M | 880.10M | 781.50M | 872.50M | 1.07B | 1.03B |
| EBITDA | 194.40M | 186.80M | 130.50M | -46.20M | -171.00M | 207.30M |
| Net Income | 103.90M | 95.80M | 47.90M | -39.60M | -188.30M | 68.60M |
Balance Sheet | ||||||
| Total Assets | 1.64B | 1.71B | 1.67B | 2.06B | 2.49B | 2.59B |
| Cash, Cash Equivalents and Short-Term Investments | 119.60M | 206.30M | 152.10M | 179.00M | 131.50M | 161.70M |
| Total Debt | 785.10M | 762.00M | 797.70M | 1.09B | 1.35B | 1.12B |
| Total Liabilities | 1.21B | 1.29B | 1.35B | 1.76B | 2.15B | 1.94B |
| Stockholders Equity | 415.70M | 408.00M | 307.30M | 278.60M | 320.60M | 629.60M |
Cash Flow | ||||||
| Free Cash Flow | 132.00M | 121.60M | 159.90M | 107.20M | -215.40M | 69.20M |
| Operating Cash Flow | 140.60M | 136.10M | 180.10M | 121.80M | -178.90M | 86.80M |
| Investing Cash Flow | -7.90M | -13.90M | 86.80M | 171.60M | 54.60M | -437.30M |
| Financing Cash Flow | -123.90M | -73.80M | -299.20M | -246.30M | 107.10M | 169.30M |
Wolverine World Wide Technical Analysis
Positive
18.05
Price Trends
16.68
Positive
16.81
Positive
18.28
Negative
Market Momentum
0.10
Negative
57.00
Neutral
75.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WWW, the sentiment is Positive. The current price of 18.05 is above the 20-day moving average (MA) of 17.10, above the 50-day MA of 16.68, and below the 200-day MA of 18.28, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 57.00 is Neutral, neither overbought nor oversold. The STOCH value of 75.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $361.46M | 15.21 | 9.63% | 9.66% | -3.70% | -18.57% | |
66 Neutral | $3.07B | 38.97 | 8.78% | 1.97% | 15.48% | -54.34% | |
64 Neutral | $1.45B | 14.14 | 26.91% | 2.28% | 8.31% | 39.91% | |
64 Neutral | $302.86M | 16.13 | 7.51% | 2.08% | 8.21% | 34.42% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $6.60B | ― | -7.54% | ― | -1.85% | -108.05% | |
50 Neutral | $396.69M | 1,181.00 | 0.05% | 2.11% | 4.95% | -100.25% |
* Consumer Cyclical Sector Average
WWW
Wolverine World Wide
17.71
-1.21
-6.40%
CROX
Crocs
132.78
30.77
30.16%
RCKY
Rocky Brands
40.16
16.94
72.98%
SHOO
Steven Madden
42.01
17.72
72.94%
WEYS
Weyco Group
37.92
8.07
27.02%
CAL
Caleres
11.81
-2.17
-15.52%
Wolverine World Wide Corporate Events
Executive/Board ChangesShareholder Meetings
Wolverine World Wide Shareholders Back Board, Pay Policies
Positive
May 13, 2026
At its May 7, 2026 annual meeting of shareholders, Wolverine World Wide investors elected four board nominees—Cheryl Abel-Hodges, William K. Gerber, Nicholas T. Long, and Kathleen Wilson-Thompson—to three-year director terms expiring i...
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.