NYSE$WWW

Wolverine World Wide Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Wolverine World Wide reported Q4 2025 revenue of $517.5M with ongoing-business growth across its brand portfolio.

Fourth-quarter total revenue was $517.5 million (+4.6% reported; +3.1% constant currency) with ongoing total revenue of $1.874 billion for the full year (+6.8%). The company highlighted momentum in its largest brands and progress on portfolio simplification after divesting Sperry.

  • Q4 revenue $517.5M (+4.6% YoY).
  • FY ongoing revenue $1.874B (+6.8%).
  • Brand portfolio reshaping and cost actions continue.
  • 2026 outlook assumes sustained improvement in largest brands.

Headline financials

Total Revenue

$518M

Previous: $495M+4.6%
EPS (adj)

$0.45

Previous: $0.42+7.1%
Operating Expenses

$195M

No prior period
Adjusted Operating Expenses

$187M

No prior period
Adjusted Operating Margin

11.0%

No prior period
Adjusted Diluted EPS

$0.45

No prior period
Constant Currency EPS

$0.45

No prior period
Inventory

$274M

No prior period
Net Debt

$415M

No prior period
Operating Margin

9.4%

No prior period
Gross Margin

47.0%

No prior period
Net Income

$31.8M

Previous: $25.3M+25.7%
Operating Income

$48.9M

Previous: $39.8M+22.9%
Gross Profit

$243M

Previous: $218M+11.8%

Revenue & EPS history

Wolverine · Revenue · Quarterly

$518M

Q4 2025+4.6%vs Q4 2024
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

2026 guidance covers reported and constant-currency revenue, gross margin, and adjusted diluted EPS.

Tailwinds

  • Largest brands showing improved momentum.
  • Portfolio simplification after Sperry divestiture.

Headwinds

  • Consumer demand and promotional environment.
  • FX and tariff cost headwinds on footwear.

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 Q4 2025

Historical avgQ4 2025

-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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