Wolverine World Wide Raises FY2026 Guidance as Q3 Revenue Rises 7.5% to $505.4 Million

Detailed summary

Wolverine World Wide, Inc. (NYSE:WWW) reported third-quarter earnings and revenue above analyst expectations on Thursday and raised its full-year 2026 financial guidance,…

Wolverine World Wide, Inc. (NYSE:WWW) reported third-quarter earnings and revenue above analyst expectations on Thursday and raised its full-year 2026 financial guidance, supported by sales growth across its principal footwear brands.

Adjusted earnings per share reached $0.79, exceeding the analyst consensus estimate of $0.46. Revenue increased 7.5% to $505.4 million from $470.3 million a year earlier, compared with market expectations of $500 million.

Quarterly earnings included a benefit from $35.3 million in tariff refunds, which contributed approximately $0.31 to adjusted earnings per share.

Gross margin increased to 54.6% from 47.5% in the previous year, including a 640-basis-point benefit from the tariff refunds. Adjusted operating margin rose to 17.8% from 9.1%.

Wolverine World Wide reported increased sales across its two largest brands during the quarter.

Saucony revenue rose 19.4% year over year to $158.9 million, while Merrell recorded a 6.5% increase to $178.2 million.

“We delivered a strong third quarter performance, led by our two largest brands and disciplined execution across the business,” said President and Chief Executive Chris Hufnagel.

“This quarter, now our eighth consecutive quarter of growth, is further evidence that our transformation story is also a growth story,” he added.

The company raised its fiscal 2026 adjusted earnings per share guidance to between $1.95 and $1.99. The midpoint of $1.97 exceeds the analyst consensus estimate of $1.65.

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