Quarterly ResultMay 14, 2026, 01:58 PM
Wolverine World Wide Q1 Revenue $457.6M, Net Earnings $20.2M
AI Summary
Wolverine World Wide reported strong financial results for the first quarter ended April 4, 2026, with revenue increasing to $457.6 million and net earnings attributable to the company rising significantly to $20.2 million. Diluted earnings per share also saw a substantial increase to $0.24. The company also updated its debt structure with a new $600 million revolving credit facility maturing in September 2030 and declared a cash dividend of $0.10 per share.
Key Highlights
- Q1 2026 Revenue: $457.6M, up 11.0% from $412.3M YoY.
- Q1 2026 Net Earnings: $20.2M, up 66.9% from $12.1M YoY.
- Q1 2026 Diluted EPS: $0.24, up 60.0% from $0.15 YoY.
- Gross profit: $217.8M, up from $196.1M YoY.
- Operating profit: $33.9M, up from $21.0M YoY.
- Total debt: $638.9M as of April 4, 2026.
- New $600M Revolving Facility matures September 24, 2030.
- Cash dividends declared: $0.10 per share.
Price Impact
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