Wolverine World Wide, Inc.
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Range $20 – $31
Price Chart
About the company
Wolverine World Wide, Inc. is a multinational enterprise specializing in the design, manufacturing, sourcing, marketing, licensing, and distribution of footwear, apparel, and accessories. Its operations span across the United States, Europe, the Middle East, Africa, the Asia Pacific region, Canada, and Latin America, managed through its Wolverine Michigan Group and Wolverine Boston Group segments.
- CEO
- Christopher E. Hufnagel
- IPO
- 1980
- Employees
- 3,050
- HQ
- Rockford, MI, US
AI snapshot
Six angles, distilled from the data.
The stock is in a recovery phase after a deep reset, trading above both the 50-day and 200-day moving averages. It remains far below its 52-week high of $32.8, but the multi-month trend has stabilized well above the 52-week low of $13.47.
Street sentiment is cautious but constructive: consensus sits at Hold with a $24 target, above the last close and implying room for recovery. Recent actions skew mixed, with two downgrades earlier in the year offset by a fresh Buy initiation and several maintained ratings.
The company has beaten EPS in 6 of the last 7 quarters, including a 13.6% beat in the most recent reported quarter. Next-year EPS is modeled at 1.7599 versus 1.23 TTM, so shareholders should watch whether margin discipline and demand can keep that upgrade path intact.
The pattern is mixed but leans to net selling on discretionary trades. Recent sales by directors Jeffrey Boromisa and Brenda Lauderback stand out, while most other filings are automatic awards, exempt exercises, or in-kind tax-related activity tied to compensation.
Profitability is solid, with a 47.3% gross margin, 7.43% operating margin, and 5.41% net margin. Growth is healthy too, with revenue up 11% year over year and earnings up 64.1%, while free cash flow reached $150.6 million and cash generation supports the balance sheet.
WWW looks cheaper than many branded consumer names at 12.81x earnings, with a 9.70% free-cash-flow yield backing the valuation. The setup favors a turnaround multiple if execution holds, though leverage remains a watch item with $762 million of debt and net debt of $555.7 million.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $1.66B
- P/E
- 15.61
- Fwd P/E
- 12.41
- PEG
- 0.60
- P/S
- 0.85
- P/B
- 3.81
- EV/EBITDA
- 11.67
- Div Yield
- 1.97%
- Gross Margin
- 46.99%
- Op Margin
- 8.69%
- Net Margin
- 5.55%
- ROE
- 26.26%
- ROIC
- 10.32%
Latest fiscal year · YoY change
- Revenue
- $1.87B+6.8%
- Gross Profit
- $880.10M+12.6%
- Op Income
- $150.20M
- Net Income
- $95.80M+100.0%
- EPS
- $1.14+96.6%
- OCF Growth
- -24.4%
- FCF Growth
- -24.0%
- 52W High
- $32.80
- 52W Low
- $13.47
- 50D MA
- $18.32
- 200D MA
- $17.54
- Beta
- 1.74
- RSI (14)
- 57
- Avg Volume
- 960.11K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Wolverine World Wide beat expectations in Q2 and raised full-year 2026 guidance, driven by strong Merrell and Saucony growth and improving margins.· August 13, 2026
- Q2 revenue was $506 million, up 7% reported and 6% constant currency, with adjusted EPS of $0.40 versus $0.35 last year.
- Merrell revenue grew 10% and Saucony grew 9%; the company said both brands remain the key growth engines.
- Adjusted operating margin expanded 80 basis points to 10%, while gross margin was 46.5%, down 70 basis points due mainly to tariffs.
- Management raised 2026 revenue, margin, EPS, and cash flow guidance, citing stronger first-half execution and healthier brand momentum.
- Work Group was still down 2% and Sweaty Betty remained pressured by the U.S. reset, but both brands showed pockets of improvement.
Revenue was $506 million, up 7% reported and 6% on a constant-currency basis, and above the high end of outlook. Adjusted diluted EPS was $0.40, up 14% from $0.35 a year ago. Consolidated gross margin was 46.5%, down 70 basis points year over year, and adjusted operating margin was 10.0%, up 80 basis points year over year. By segment, Active Group revenue rose 8% while Work Group revenue fell 2%. Merrell revenue increased 10%, Saucony 9%, Sweaty Betty declined 3%, and Wolverine revenue grew high single digits. For 2026, revenue is now expected at $1.98 billion to $2.0 billion; adjusted EPS at $1.55 to $1.65; gross margin around 46.9%; adjusted operating margin around 9.9%; and operating free cash flow at $115 million to $130 million. Third-quarter revenue guidance is $495 million to $500 million, with adjusted EPS of $0.42 to $0.45 and gross margin around 47.4%.
Chris Hufnagel framed the quarter as evidence that the company’s brand-building playbook is working, saying results are tracking ahead of expectations and the business has now posted 7 consecutive quarters of year-over-year growth. He emphasized Merrell and Saucony as the main growth engines, while also highlighting progress at Sweaty Betty and Wolverine through cleaner distribution, sharper product, and more targeted marketing. His tone was upbeat but still cautious on the less-consistent brands, repeatedly noting there is more work to do even as momentum is improving.
Taryn Miller said Q2 performance exceeded expectations and reflected both revenue leverage and disciplined cost control. She cited revenue of $506 million, gross margin of 46.5% versus 46.4% prior guidance, adjusted operating margin of 10.0%, adjusted EPS of $0.40, and net debt of $443 million, down $125 million year over year. On guidance, she said the full-year raise reflects stronger brand performance, healthier inventories, supply chain efficiencies, and only a modest $2 million improvement in tariff assumptions; operating free cash flow guidance moved up to $115 million to $130 million, with capex still about $20 million.
Analysts focused on the running market, Saucony’s second-half acceleration, Merrell’s DTC pullback, inventory levels, and whether margin gains were mainly tariff-driven or structural. Management said running remains fiercely competitive but Saucony is seeing broad-based global momentum, better share in U.S. run specialty, and stronger visibility in the back half; they also said the higher guidance is not mainly about tariffs, but about stronger full-price selling, healthier inventories, and supply chain efficiencies. On Merrell, management said the DTC softness was intentional because marketing spend is being moved up-funnel to build awareness, and on inventory they said stock is down about 17% year over year but is sufficient to support the higher second-half revenue plan.
The company says its biggest brands are gaining share and building stronger consumer demand, with Merrell and Saucony both delivering double-digit or near-double-digit growth and management calling the runway still significant. Margin and cash flow guidance also moved up, helped by better full-price selling, improved supply chain execution, and lower-than-feared tariff pressure.
The Work Group is still roughly flat to down and management warned Wolverine’s recovery will not be perfectly linear, with expected choppiness as channels are cleaned up. Sweaty Betty remains tied to a planned U.S. reset, Merrell’s DTC channel is under pressure from intentional marketing shifts, and tariffs still represent a meaningful headwind even after the guidance improvement.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 98.1%
- Shares Outstanding
- 81.99M
- Float Shares
- 80.41M
of shares held by institutions
257 13F filers
Buy/sell ratio 0.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 12.39M | ▲ 227.77K |
| Fmr LLC | 12.30M | ▲ 101.05K |
| Vanguard Group Inc | 8.99M | ▲ 353.81K |
| Earnest Partners LLC | 5.33M | ▲ 1.81M |
| Callodine Capital Management, LP | 4.88M | ▲ 377.15K |
| Wellington Management Group Llp | 4.53M | ▲ 146.79K |
| Vanguard Capital Management LLC | 3.63M | ▲ 58.78K |
| State Street Corp | 3.22M | ▲ 133.87K |
| Point72 Hong Kong Ltd | 3.18M | ▲ 3.18M |
| Dimensional Fund Advisors LP | 2.16M | ▲ 357.94K |
| Geode Capital Management, LLC | 2.08M | ▲ 124.33K |
| Qube Research & Technologies Ltd | 1.69M | ▲ 113.85K |
Held by 291 ETFs
Biggest fund positions in WWW by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 3, 26 | BOROMISA JEFFREY M | other | 366.54 |
| Aug 3, 26 | GERBER WILLIAM K | other | 180.73 |
| Aug 3, 26 | LAUDERBACK BRENDA J | other | 319.02 |
| Aug 3, 26 | Long Nicholas T. | other | 112.15 |
| Jul 31, 26 | Miller Taryn L | other | 847 |
| Jul 31, 26 | Hufnagel Christopher | other | 13,155 |
| Jul 31, 26 | Hufnagel Christopher | other | 5,703 |
| Jul 31, 26 | Hufnagel Christopher | other | 13,155 |
| Jul 13, 26 | BOROMISA JEFFREY M | sell | 25,000 |
| Jul 9, 26 | Boyle Jack | other | 7,459 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our WWW coverage
Recent articles, reports, and earnings notes.

Wolverine World Wide (WWW): Turnaround Gains Momentum
Wolverine World Wide is showing real operating improvement, led by Merrell and Saucony, with margins rising and revenue growth accelerating in Q1 2026. Debt and tariff exposure remain the key risks, but the stock screens as a buyable turnaround.

Wolverine World Wide, Inc. (WWW) slips after deep earnings beat
Wolverine World Wide, Inc. (WWW) beat on EPS and revenue, lifted guidance, and showed stronger momentum at Merrell and Saucony, yet the stock still slipped. This deep-dive examines the margin gains, brand mix, turnaround progress, and why investors focused on durability over the headline beat.

Wolverine World Wide (WWW): Turnaround Gains Traction
Wolverine World Wide is shifting from repair to controlled growth as Merrell and Saucony drive revenue, margins expand, and debt falls. Tariffs and a weak Work Group remain the main risks, but the recovery looks real.
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Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
AI analysis · Last refreshed August 13, 2026 · Live quote · Not investment advice