Wolverine World Wide Q4 Revenue Jumps 4.6%, EPS Beats by $0.01
Wolverine delivered Q4 revenue of $517.5 million (up 4.6% y/y) and adjusted EPS of $0.45, beating consensus by $2.5 million and $0.01, while operating margin rose 180 bps. Net debt fell 16% to $415 million as $15 million in buybacks bolstered discipline ahead of 2026 guidance calling for $1.96–1.985 billion revenue and EPS of $1.35–1.50.
1. Q4 Performance
Wolverine reported Q4 revenue of $517.5 million, up 4.6% year over year, with adjusted EPS of $0.45 versus a $0.44 estimate. Operating margin expanded 180 bps to 9.4% on product cost savings, price increases and favorable mix shifts, while Saucony sales jumped 26.4% and Merrell rose 5.9%.
2. Financial Position & Buybacks
The company ended the quarter with $206.3 million in cash and cash equivalents against $546.7 million in long-term debt, trimming net debt by 16% to $415 million. Wolverine repurchased 0.9 million shares for $15 million at a $16.13 average price, leaving $135 million under its buyback authorization.
3. 2026 Guidance
For fiscal 2026, Wolverine forecasts revenue of $1.960–1.985 billion (up 4.6–5.9%), adjusted EPS of $1.35–1.50 and an operating margin near 9.1%. The Active Group is expected to grow high-single digits, Work Group to remain flat, Saucony to expand mid-teens and Sweaty Betty to see a low-single-digit decline.