Wolverine World Wide Earnings Call Transcripts
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 Full-year guidance was withdrawn due to tariff uncertainty, but Q2 outlook remains positive, with minimal tariff impact expected in the first half.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.