Wolverine World Wide Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 results exceeded expectations with 11% revenue growth and 32% higher adjusted EPS, led by Merrell and Saucony. Guidance for 2026 was raised on gross margin and EPS, with strong brand momentum, disciplined cost management, and ongoing investments in marketing and innovation.
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The meeting covered director elections, executive compensation, auditor ratification, and a climate-focused shareholder proposal. All management proposals passed, while the climate proposal was rejected by a majority. Climate-related risks and competitive pressures were discussed.
Fiscal Year 2025
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FY2025 delivered strong revenue and margin growth, led by Merrell and Saucony, with adjusted EPS up 53%. FY2026 guidance calls for 5% revenue growth, stable operating margin, and continued tariff headwinds, while Saucony and Merrell plan record marketing and product launches.
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Q3 revenue grew 7% year-over-year, led by Saucony and Merrell, with record gross margin and 29% EPS growth. FY2025 guidance calls for 6.4% revenue growth and 50% EPS growth, despite tariff headwinds. Saucony and Merrell continue to gain market share globally.
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Q2 results exceeded expectations with 11.6% revenue growth, record gross margin, and strong performances from Saucony and Merrell. Guidance for Q3 anticipates continued growth, though at a moderated pace due to timing shifts and tariff impacts.
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Q1 delivered strong revenue, margin, and EPS growth, led by Saucony and Merrell, with record gross margin and improved profitability in Sweaty Betty. Full-year guidance was withdrawn due to tariff uncertainty, but Q2 outlook remains positive, with minimal tariff impact expected in the first half.
Fiscal Year 2024
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Q4 2024 saw revenue and margin growth, with record gross margin and EPS nearly six times last year. FY2025 guidance calls for 2.5%–4.3% revenue growth, margin expansion, and strong brand momentum, especially for Saucony and Merrell.
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Q3 results exceeded expectations with record gross margin and improved profitability. Merrell returned to growth, Saucony and Sweaty Betty showed resilience, and inventory and debt were significantly reduced. Full-year guidance was raised, with momentum expected to continue into 2025.
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Q2 2024 results exceeded expectations with revenue of $424.8M and strong gross margin expansion. FY 2024 guidance was raised, with improved profitability and cash flow expected, led by Saucony’s growth and ongoing inventory and debt reduction.