NYSE$WWW

Wolverine World Wide Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

Wolverine World Wide Inc reported revenue growth and improved profitability in Q1 2026.

Wolverine World Wide Inc achieved revenue of $457.6 million in the first quarter of 2026, an 11% increase from the prior year, driven primarily by strength in the Active Group. Operating profit rose 61% to $33.9 million, supported by higher sales and controlled expenses despite ongoing environmental costs. Net earnings attributable to the company increased to $20.2 million, resulting in diluted EPS of $0.24.

  • Revenue increased 11% year-over-year to $457.6 million, led by 13.7% growth in the Active Group.
  • Gross margin held steady at 47.6% as price increases and mix offset higher tariffs.
  • Operating profit grew 61% to $33.9 million due to sales leverage and lower environmental expenses.
  • Diluted EPS rose to $0.24 from $0.15, with net earnings attributable to shareholders at $20.2 million.

Headline financials

Total Revenue

$458M

Previous: $412M+11.0%
EPS (adj)

$0.24

Previous: $0.13+84.6%
Operating Margin

7.4%

Previous: 4.8%+54.2%
Gross Margin

47.6%

Previous: 47.3%+0.6%
Capital Expenditures

-$1.7M

Previous: -$7.6M+77.6%
Free Cash Flow

-$84.9M

No prior period
Net Income

$20.2M

Previous: $11.1M+82.0%
Operating Income

$33.9M

Previous: $19.7M+72.1%
Gross Profit

$218M

Previous: $195M+11.8%
Cash & Equivalents

$120M

No prior period
Total Assets

$1.64B

No prior period

Revenue & EPS history

Wolverine · Revenue · Quarterly

$458M

Q1 2026+11%vs Q1 2025
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

Wolverine · $458M total across 3 segments · Q1 2026

  • Active Group
    $372M
  • Work Group
    $75.7M
  • Other
    $10.3M

Forward guidance

The company continues to monitor macroeconomic conditions, tariffs, and geopolitical risks while focusing on brand growth and operational efficiency.

Tailwinds

  • Strong Active Group momentum expected to continue
  • Improved balance sheet flexibility from debt management

Headwinds

  • Ongoing exposure to U.S. tariffs and supply chain costs
  • Environmental remediation expenses persist

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-0.4%

Avg return

Earnings day

-1.1%

Avg return

5 days after

+0.1%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+36.9%

Q3 2024

Best reaction

-33.7%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.1%-5.8%+16.2%
Q4 2025+10.1%-1.3%-12.5%
Q3 2025-25.1%-26.0%-21.2%
Q2 2025+14.9%+13.8%+35.5%
Q1 2025+10.2%+14.0%+19.9%
Q4 2024-16.6%-18.5%-26.5%
Q3 2024+36.9%+37.8%+43.2%
Q2 2024-5.9%-8.8%+1.2%
Q1 2024+17.1%+23.0%+14.7%
Q4 2023+11.0%+5.0%+14.9%
Q3 2023+1.2%-1.2%+7.8%
Q2 2023-25.3%-31.4%-30.8%
Q1 2023+6.2%+5.4%-4.8%
Q4 2022+12.4%+10.2%+6.8%
Q3 2022-33.7%-33.8%-42.0%
Q2 2022+3.2%+4.3%-10.0%
Q1 2022+2.6%+6.5%+19.7%
Q4 2021-6.0%-8.6%-8.1%
Q3 2021-9.8%-9.5%-15.2%
Q2 2021-1.6%+3.4%+9.4%
Q1 2021-10.0%-9.1%-12.4%
Q3 2020-6.2%-0.7%+5.4%
Q2 2020-1.4%+4.0%+9.6%
Q1 2020-9.5%+3.7%+8.8%
Q4 2019-6.9%-10.8%-53.1%
Q3 2019+10.7%+9.1%+8.5%
Q2 2019-0.6%-7.5%-1.7%
Q1 2019-11.0%-16.0%-19.1%
Q4 2018-8.9%-9.0%-12.4%
Q3 2018-6.5%-6.8%-8.6%
Q2 2018+4.7%+4.2%+6.6%
Q1 2018+6.7%+4.9%+18.8%
Q4 2017-0.2%-5.9%-7.8%
Q3 2017+2.0%+5.1%+12.2%
Q2 2017-6.6%-2.4%-3.3%
Q1 2017+3.0%+5.1%+10.2%
Q4 2016+3.8%+6.4%+3.6%
Q3 2016-2.5%-4.9%+8.3%
Q2 2016+11.2%+9.9%+10.9%
Q1 2016+0.0%
Q4 2015-0.2%
Q3 2015-10.3%
Q2 2015+4.7%
Q1 2015-9.6%
Q4 2014+3.5%
Q3 2014+3.0%
Q2 2014-7.8%
Q1 2014+6.0%
Q4 2013-8.4%
Q3 2013+0.2%
Q2 2013+4.8%
Q1 2013+4.1%
Q4 2012+2.1%
Q3 2012+1.2%
Q2 2012+7.6%
Q1 2012+1.7%
Q4 2011+0.5%
Q3 2011+1.8%
Q2 2011+0.0%
Q4 2009+3.5%
Q1 2011+1.1%
Q3 2010-2.4%
Q4 2010+0.6%
Q2 2010+0.6%
Q1 2010-5.2%

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