Overview
- Wolverine Worldwide reported Q4 2025 revenue of $517.5 million, up 4.6% year over year, with diluted EPS of $0.38 (adjusted $0.45), exceeding expectations.
- Full-year 2025 revenue reached $1.87 billion with net earnings of $101 million, as international and direct-to-consumer sales increased and net debt declined by $81 million.
- Growth was led by Saucony and Merrell—Saucony rose 26.4% in Q4 and 31.1% for the year and Merrell expanded in both periods—while the Wolverine brand fell 10.5% in Q4 and 9% for the year.
- The company guided 2026 revenue to $1.960–$1.985 billion and EPS to $1.31–$1.46, with leadership saying the transformation is well underway and focusing on distribution optimization and product refreshes.
- Executives said Wolverine brand revenue is expected to be flat in 2026 and warned of an estimated $60 million tariff headwind that could compress gross margin by about 130 basis points.