Overview

• Footwear and apparel firm's Q4 revenue rose 4.6%, beating analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company repurchased 0.9 mln shares for $15 mln in Q4

Outlook

• Company expects 2026 revenue between $1.960 bln and $1.985 bln

• Wolverine forecasts 2026 gross margin at 46.0%, down 130 bps from 2025

• Company anticipates 2026 diluted EPS between $1.31 and $1.46

Result Drivers

• ACTIVE GROUP GROWTH - Revenue in the Active Group increased by 12.4% due to strong performance from brands like Saucony

• GROSS MARGIN IMPROVEMENT - Gross margin rose to 47.0% due to product cost savings, a favorable mix shift toward full-price sales, and price increases

• DIRECT-TO-CONSUMER CHANNEL - Direct-to-consumer revenue improved by 5.9%, contributing to overall revenue growth

Company press release: ID:nBw5mMrXza

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the footwear peer group is "buy"

• Wall Street's median 12-month price target for Wolverine World Wide Inc is $23.00, about 27.5% above its February 25 closing price of $18.04

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

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