Wolverine World Wide Q2 profit beats estimates, tariffs weigh on margins

Wolverine World Wide raised its 2026 revenue outlook to $1.98 billion-$2.00 billion from $1.96 billion-$1.985 billion.

The company now expects 2026 gross margin of 46.9%, up from a prior outlook of 46.4%.

It also expects 2026 adjusted diluted EPS of $1.55-$1.65, compared with its prior outlook of $1.43-$1.58.

The current average analyst rating on the shares is buy, with 6 strong buy or buy ratings, 5 hold ratings, and no sell or strong sell ratings.

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 $20.50, about 13.5% above its August 12 closing price of $18.06.