Wolverine World Wide Q4 EPS Up 12.5%, Guides $1.96B–$1.985B 2026 Revenues
Wolverine World Wide reported Q4 adjusted EPS of $0.45, up 12.5% year-over-year, on revenues of $517.5 million, a 4.6% increase that beat consensus. The company cut net debt by 16.2% to $415 million, repurchased $15 million of stock and guided 2026 revenues of $1.96-$1.985 billion with wider margins.
1. Strong Q4 Beat and Margin Expansion
Wolverine World Wide delivered adjusted Q4 EPS of $0.45, up 12.5% year-over-year, on revenues of $517.5 million, a 4.6% increase. Gross margin expanded 340 basis points to 47% driven by product cost savings, a favorable mix shift toward full-price sales and pricing actions.
2. Balance Sheet Discipline and Share Repurchases
Net debt fell 16.2% year-over-year to $415 million as cash and equivalents rose to $206.3 million and long-term debt stood at $546.7 million. The company repurchased $15 million of common stock at an average price of $16.13, leaving $135 million available under its current buyback authorization.
3. 2026 Outlook and Segment Growth
For fiscal 2026, the company forecast revenues of $1.96–$1.985 billion, up 4.6–5.9%, with adjusted operating margin expanding to 9.1%. The Active Group is expected to grow high-single digits, Saucony by mid-teens, while Work Group revenues remain flat year-over-year.