Wolverine Worldwide
Markets Merrell, Saucony, Sweaty Betty, and work-footwear brands across global wholesale and DTC channels.
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Profile
Sells footwear and apparel through Active Group brands Merrell, Saucony, Sweaty Betty, and Chaco, plus Work Group brands such as Wolverine, Cat, Bates, Harley-Davidson, and HYTEST. Revenue is weighted toward Active Group, with products distributed through owned operations, partners, stores, and eCommerce.
Designs, markets, sources, licenses, and distributes a portfolio of footwear and apparel brands. Active Group carries Merrell, Saucony, Sweaty Betty, and Chaco, while Work Group carries Wolverine, Cat, Bates, Harley-Davidson, and HYTEST.
Products reach consumers in roughly 170 countries and territories through owned operations, wholesale partners, distributors, licensees, joint ventures, stores, and eCommerce. Recent portfolio work shifted the business toward Merrell and Saucony after Keds, Sperry, Wolverine Leathers, and parts of Hush Puppies moved out of the ongoing core.
Execution depends on brand-level demand, overseas sourcing, partner channels, and direct-to-consumer operations. Historical tannery activity also leaves PFAS remediation obligations in Michigan.
Company facts
Categories
Key statistics
Year to date +11.7% · Average volume (30d) 822.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 19, 2026 | Williams Trading | Target | $16 | $20 | ||
| Aug 14, 2026 | Seaport Global | Reiterate | Buy | $24 | $30 | |
| Aug 14, 2026 | Telsey Advisory | Reiterate | Market Perform | $18 | $21 | |
| Aug 14, 2026 | UBS | Reiterate | Buy | $26 | $31 | |
| Aug 14, 2026 | Stifel Nicolaus | Target | $25 | $26 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | $0.38 | $0.40 | +5.0% | $500.7M | $506.4M | +1.1% | +10.08% |
| May 14, 2026Q1 FY26 | $0.22 | $0.25 | +13.6% | $448.4M | $457.6M | +2.0% | +0.85% |
| Feb 26, 2026Q4 FY25 | $0.44 | $0.45 | +2.3% | $510.7M | $517.5M | +1.3% | −11.56% |
| Nov 5, 2025Q3 FY25 | $0.33 | $0.36 | +9.1% | $510.5M | $470.3M | −7.9% | −6.58% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $412.3M | $474.2M | $470.3M | $517.5M | $457.6M | $506.4M | |
| Gross profit | $191.7M | $223.1M | $222.7M | $241.3M | $217.8M | $235.3M | |
| Operating income | $19.7M | $40.7M | $39.6M | $48.9M | $33.9M | $47.3M | |
| Net income | $11.1M | $26.8M | $25.1M | $31.8M | $20.2M | $31.2M | |
| Diluted EPS | $0.13 | $0.32 | $0.30 | $0.39 | $0.24 | $0.37 | |
| Gross margin | 46.5% | 47.0% | 47.4% | 46.6% | 47.6% | 46.5% | |
| Operating margin | 4.8% | 8.6% | 8.4% | 9.4% | 7.4% | 9.3% |
Fiscal years (4-quarter sums)FY21 $2.41B · FY22 $2.68B · FY23 $2.24B · FY24 $1.76B · FY25 $1.87B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jul 4, 2026Cash & short-term investments $158.5M · Total debt $745.4M · Total assets $1.71B · Shareholders' equity $449.2M
Dividends
Raised for 37 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 1, 2026 | Jul 1 | Aug 3 | $0.10 | |
| Apr 1, 2026 | Apr 1 | May 1 | $0.10 | |
| Jan 2, 2026 | Jan 2 | Feb 2 | $0.10 | |
| Oct 1, 2025 | Oct 1 | Nov 3 | $0.10 | |
| Jul 1, 2025 | Jul 1 | Aug 1 | $0.10 | |
| Apr 1, 2025 | Apr 1 | May 1 | $0.10 | |
| Jan 2, 2025 | Jan 2 | Feb 3 | $0.10 | |
| Oct 1, 2024 | Oct 1 | Nov 1 | $0.10 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 81.99M · Float 80.41M · 98.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 12.39M | 15.12% | 13F | Aug 7, 2026 |
| FMR LLC | 12.30M | 15.00% | 13F | Aug 13, 2026 |
| Earnest Partners LLC | 5.33M | 6.50% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 5.14M | 6.27% | 13F | Aug 13, 2026 |
| Callodine Capital Management, LP | 4.88M | 5.95% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 13, 2026 | Jeffrey M. Boromisa | director | −25,000 | $18.14 |
| May 21, 2026 | Brenda J. Lauderback | director | −5,500 | $15.88 |
| Nov 7, 2025 | DeMonty Price | director | +25,000 | $15.77 |
| Nov 7, 2025 | Nicholas T. Long | director | +2,000 | $15.88 |
| Nov 7, 2025 | Jack Boyle | director | +6,250 | $15.77 |
Peers
- Deckers Brands
HOKA, Teva and UGG pressure running, outdoor and DTC footwear
- Nike
Global athletic footwear and apparel pressure on Saucony and Sweaty Betty
- On
Premium running and outdoor footwear challenger to Saucony and Merrell
- Columbia Sportswear
Outdoor apparel and footwear peer across hiking, trail and sandals
- VF
The North Face, Timberland, Vans and Altra span outdoor and active
- Rocky Brands
Focused work, outdoor, western and duty footwear peer
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Wolverine Worldwide | $20.34 | 0.00% | $1.67B | 15.6 | 11.7 | 0.9 | +6.8% |
| Deckers Brands | $88.07 | +0.36% | $11.95B | 12.5 | 11.5 | 2.2 | +5.7% |
| Nike | $39.55 | −0.10% | $58.60B | 18.9 | 23.3 | 1.3 | −1.1% |
| On | $28.93 | +0.24% | $9.62B | 19.6 | 14.7 | 2.4 | +11.6% |
| Columbia Sportswear | $58.01 | −0.05% | $2.97B | 15.1 | 15.1 | 0.9 | +1.5% |
| VF | $13.77 | +0.68% | $5.37B | 19.8 | 12.1 | 0.6 | −5.2% |
| Rocky Brands | $45.65 | +0.14% | $344.3M | 12.0 | 11.3 | 0.7 | +12.0% |
| Median | 17.0 | 13.4 | 1.1 | +3.6% |