Quarterly ResultMay 14, 2026, 06:36 AM
Wolverine Worldwide Q1 Revenue $457.6M, EPS $0.24; Raises FY26 Outlook
AI Summary
Wolverine Worldwide reported strong first-quarter 2026 financial results, with revenue of $457.6 million and diluted earnings per share of $0.24, both exceeding expectations. The company saw significant growth in its Active Group, particularly Merrell and Saucony brands. Following this performance, Wolverine Worldwide raised its full-year 2026 outlook for gross margin, operating margin, and diluted earnings per share.
Key Highlights
- Q1 2026 revenue increased 11.0% to $457.6 million.
- Q1 2026 diluted EPS rose 60.0% to $0.24.
- Active Group revenue grew 13.7% to $371.6 million.
- Saucony revenue increased 20.1% to $155.9 million.
- Merrell revenue increased 12.7% to $169.7 million.
- Net Debt decreased 14.1% to $519 million.
- Full-year 2026 diluted EPS guidance raised to $1.39-$1.54.
- Full-year 2026 gross margin outlook raised to approximately 46.4%.