Wolverine World Wide (NYSE:WWW) Releases Earnings Results, Beats Estimates By $0.33 EPS

Wolverine World Wide (NYSE:WWW) announced its quarterly earnings data on Thursday. The textile maker reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.33, FiscalAI reports. Wolverine World Wide had a return on equity of 28.50% and a net margin of 5.55%. The business had revenue of $505.40 million during the quarter, compared to the consensus estimate of $500.08 million. During the same period in the prior year, the company earned $0.36 EPS. Wolverine World Wide’s revenue for the quarter was up 7.5% on a year-over-year basis. Wolverine World Wide updated its FY 2026 guidance to 1.950-1.990 EPS.

Here are the key takeaways from Wolverine World Wide’s conference call:

• Q3 revenue exceeded expectations, rising 7.7% on a constant-currency basis, led by Saucony (+20%) and Merrell (+7%). Adjusted EPS was $0.48 excluding a $0.31 benefit from tariff refunds, up 33% year over year.
• The company raised its full-year 2026 outlook to revenue of $2.00 billion–$2.01 billion and adjusted EPS of $1.95–$1.99; the EPS forecast includes about $0.32 from tariff refunds, and assumes no further refunds.
• Underlying profitability improved despite tariff costs: gross margin excluding refunds rose 70 basis points to 48.2%, while adjusted operating margin excluding refunds increased 230 basis points to 11.4%. Management cited pricing, a higher mix of full-price sales, supply-chain efficiencies, and operating leverage.
• Results remained uneven at Sweaty Betty and Wolverine: revenue declined 7% and 4%, respectively. Wolverine’s full-year outlook shifted from roughly flat to a low-single-digit decline as it continues to reset its marketplace.
• The balance sheet strengthened, with net debt down 26% year over year to $399 million and leverage at 1.6 times; full-year free-cash-flow guidance rose to $155 million–$170 million.

Wolverine World Wide Price Performance

WWW traded up $0.92 on Thursday, reaching $22.85. The stock had a trading volume of 1,448,059 shares, compared to its average volume of 1,081,545. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.47 and a beta of 1.67. Wolverine World Wide has a fifty-two week low of $14.00 and a fifty-two week high of $23.84. The firm has a 50-day moving average of $20.00 and a 200-day moving average of $18.25.

Wolverine World Wide Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 1st. Shareholders of record on Monday, January 4th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, January 4th. Wolverine World Wide’s dividend payout ratio is presently 31.01%.

More Wolverine World Wide News

Investors following WWW have been watching these news items:

• Positive Sentiment: Third-quarter adjusted earnings were $0.79 per share, well above the $0.46 analyst consensus and up from $0.36 a year earlier. Revenue rose 7.5% to $505.4 million, beating estimates of about $500.1 million. Wolverine World Wide tops Q3 earnings and revenue estimates
• Positive Sentiment: Needham raised its price target from $24 to $26 and reiterated a Buy rating, signaling increased optimism about the shares.
• Neutral Sentiment: Reports cited tariff refunds as a contributor to stronger profits. That helped the quarter, but investors may distinguish this benefit from recurring operating performance. Wolverine’s Q3 sales top expectations, profits boosted by tariff refunds

Analysts Set New Price Targets

A number of research firms have issued reports on WWW. Telsey Advisory Group reiterated a “market perform” rating and issued a $21.00 target price on shares of Wolverine World Wide in a research report on Friday, August 14th. Zacks Research cut shares of Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a report on Friday, October 30th. Williams Trading set a $20.00 price target on shares of Wolverine World Wide in a research note on Wednesday, August 19th. UBS Group raised their price target on shares of Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $25.00 price target on shares of Wolverine World Wide in a report on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.33.

About Wolverine World Wide

Wolverine World Wide, Inc. is a footwear and apparel company that designs, markets and distributes products through a portfolio of consumer and workwear brands. Its brands include Merrell, Saucony, Sweaty Betty, Wolverine, Chaco and Bates, with offerings that span outdoor, athletic, casual and occupational footwear, as well as apparel and accessories. Founded in 1883 in Rockford, Michigan, the company has expanded from its early roots in leather and footwear manufacturing into an international brand business.