Wolverine World Wide (WWW)
Market Price (8/12/2026): $18.55 | Market Cap: $1.5 BilSector: Consumer Discretionary | Industry: Footwear
Wolverine World Wide (WWW)
Market Price (8/12/2026): $18.55Market Cap: $1.5 BilSector: Consumer DiscretionaryIndustry: Footwear
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%, FCF Yield is 8.9% Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Sustainable Consumption, and Health & Wellness Trends. Themes include Direct-to-Consumer Brands, Show more. | Weak multi-year price returns2Y Excs Rtn is -9.8%, 3Y Excs Rtn is -15% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.5% Key risksWWW key risks include [1] its heavy reliance on the wholesale distribution channel amid softening demand and [2] significant legal liabilities from an ongoing federal PFAS contamination lawsuit. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.2%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.9%, FCF Yield is 8.9% |
| Megatrend and thematic driversMegatrends include E-commerce & Digital Retail, Sustainable Consumption, and Health & Wellness Trends. Themes include Direct-to-Consumer Brands, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -9.8%, 3Y Excs Rtn is -15% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -9.5% |
| Key risksWWW key risks include [1] its heavy reliance on the wholesale distribution channel amid softening demand and [2] significant legal liabilities from an ongoing federal PFAS contamination lawsuit. |
Qualitative Assessment
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Wolverine World Wide (WWW) stock has gained about 10% since 4/30/2026 because of the following key factors:
1. Wolverine World Wide exceeded fiscal Q1 2026 earnings expectations and increased its full-year profitability outlook. The company reported adjusted earnings per share (EPS) of $0.25 on May 14, 2026, surpassing analyst estimates of $0.22 by 13.64%. Revenue reached $457.6 million, an 11% increase year-over-year, also beating estimates of approximately $448 million. Following this performance, Wolverine World Wide raised its full-year fiscal 2026 adjusted EPS guidance to a range of $1.43–$1.58 from the previous $1.35–$1.50, and elevated its gross-margin target to about 46.4%.
2. The company demonstrated strong performance across its key Active Group brands, Merrell and Saucony. In fiscal Q1 2026, the Active Group segment generated $371.6 million in revenue, a 13.7% increase year-over-year. Saucony's revenue grew by 20.1% and Merrell's by 12.7%, attributed to successful new product launches and enhanced marketing efforts. Furthermore, Merrell celebrated its 45th anniversary in June 2026, and Saucony received two "Best Shoes Awards 2026" from Runner's World for its Endorphin Pro 5 and Endorphin Azura models.
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Wolverine World Wide (WWW) stock has gained about 10% since 4/30/2026 because of the following key factors:
1. Wolverine World Wide exceeded fiscal Q1 2026 earnings expectations and increased its full-year profitability outlook. The company reported adjusted earnings per share (EPS) of $0.25 on May 14, 2026, surpassing analyst estimates of $0.22 by 13.64%. Revenue reached $457.6 million, an 11% increase year-over-year, also beating estimates of approximately $448 million. Following this performance, Wolverine World Wide raised its full-year fiscal 2026 adjusted EPS guidance to a range of $1.43–$1.58 from the previous $1.35–$1.50, and elevated its gross-margin target to about 46.4%.
2. The company demonstrated strong performance across its key Active Group brands, Merrell and Saucony. In fiscal Q1 2026, the Active Group segment generated $371.6 million in revenue, a 13.7% increase year-over-year. Saucony's revenue grew by 20.1% and Merrell's by 12.7%, attributed to successful new product launches and enhanced marketing efforts. Furthermore, Merrell celebrated its 45th anniversary in June 2026, and Saucony received two "Best Shoes Awards 2026" from Runner's World for its Endorphin Pro 5 and Endorphin Azura models.
3. Wolverine World Wide improved its financial health through significant net debt reduction in fiscal Q1 2026. The company's net debt decreased by 14.1% to $519 million as of April 4, 2026, compared to $604 million at the end of fiscal Q1 2025.
4. Analyst sentiment turned increasingly positive, leading to several ratings upgrades. Following the fiscal Q1 2026 results, Wall Street Zen upgraded Wolverine World Wide from a "hold" to a "buy" rating on May 16, 2026. Zacks Research further upgraded the stock from "hold" to "strong-buy" on July 6, 2026, and Weiss Ratings moved it from a "hold (c)" to a "hold (c+)" rating on June 11, 2026. Despite some individual price target adjustments, the overall consensus among analysts remained a "Moderate Buy" with an average 12-month price target of $21.75.
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Stock Movement Drivers
Fundamental Drivers
The 7.6% change in WWW stock from 4/30/2026 to 8/11/2026 was primarily driven by a 5.9% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 8112026 | Change |
|---|---|---|---|
| Stock Price ($) | 16.92 | 18.20 | 7.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,874 | 1,920 | 2.4% |
| Net Income Margin (%) | 5.1% | 5.4% | 5.9% |
| P/E Multiple | 14.4 | 14.3 | -0.6% |
| Shares Outstanding (Mil) | 82 | 82 | -0.2% |
| Cumulative Contribution | 7.6% |
Market Drivers
4/30/2026 to 8/11/2026| Return | Correlation | |
|---|---|---|
| WWW | 7.6% | |
| Market (SPY) | 7.2% | 22.6% |
| Sector (XLY) | 0.8% | 47.1% |
Fundamental Drivers
The 4.0% change in WWW stock from 1/31/2026 to 8/11/2026 was primarily driven by a 15.1% change in the company's Net Income Margin (%).| (LTM values as of) | 1312026 | 8112026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.50 | 18.20 | 4.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,852 | 1,920 | 3.7% |
| Net Income Margin (%) | 4.7% | 5.4% | 15.1% |
| P/E Multiple | 16.4 | 14.3 | -12.7% |
| Shares Outstanding (Mil) | 82 | 82 | -0.1% |
| Cumulative Contribution | 4.0% |
Market Drivers
1/31/2026 to 8/11/2026| Return | Correlation | |
|---|---|---|
| WWW | 4.0% | |
| Market (SPY) | 11.7% | 32.6% |
| Sector (XLY) | -1.4% | 45.4% |
Fundamental Drivers
The -17.7% change in WWW stock from 7/31/2025 to 8/11/2026 was primarily driven by a -41.7% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 8112026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.10 | 18.20 | -17.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,772 | 1,920 | 8.3% |
| Net Income Margin (%) | 4.1% | 5.4% | 32.1% |
| P/E Multiple | 24.6 | 14.3 | -41.7% |
| Shares Outstanding (Mil) | 81 | 82 | -1.2% |
| Cumulative Contribution | -17.7% |
Market Drivers
7/31/2025 to 8/11/2026| Return | Correlation | |
|---|---|---|
| WWW | -17.7% | |
| Market (SPY) | 22.9% | 29.4% |
| Sector (XLY) | 8.3% | 38.8% |
Fundamental Drivers
The 56.4% change in WWW stock from 7/31/2023 to 8/11/2026 was primarily driven by a 124.3% change in the company's P/S Multiple.| (LTM values as of) | 7312023 | 8112026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.64 | 18.20 | 56.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,669 | 1,920 | -28.1% |
| P/S Multiple | 0.3 | 0.8 | 124.3% |
| Shares Outstanding (Mil) | 79 | 82 | -3.1% |
| Cumulative Contribution | 56.4% |
Market Drivers
7/31/2023 to 8/11/2026| Return | Correlation | |
|---|---|---|
| WWW | 56.4% | |
| Market (SPY) | 74.3% | 38.3% |
| Sector (XLY) | 40.4% | 40.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WWW Return | -7% | -61% | -16% | 155% | -17% | 6% | -31% |
| Peers Return | 33% | -21% | 10% | 25% | -23% | 12% | 25% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| WWW Win Rate | 42% | 25% | 58% | 50% | 50% | 38% | |
| Peers Win Rate | 68% | 33% | 57% | 52% | 40% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| WWW Max Drawdown | -37% | -66% | -57% | -19% | -58% | -26% | |
| Peers Max Drawdown | -23% | -49% | -33% | -26% | -53% | -26% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DECK, COLM, VFC, CROX, SHOO. See WWW Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/11/2026 (YTD)
How Low Can It Go
| Event | WWW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -35.1% | -18.8% |
| % Gain to Breakeven | 54.0% | 23.1% |
| Time to Breakeven | 30 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -40.7% | -9.5% |
| % Gain to Breakeven | 68.8% | 10.5% |
| Time to Breakeven | 208 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -11.3% | -6.7% |
| % Gain to Breakeven | 12.8% | 7.1% |
| Time to Breakeven | 6 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -47.5% | -24.5% |
| % Gain to Breakeven | 90.5% | 32.4% |
| Time to Breakeven | 1027 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -59.8% | -33.7% |
| % Gain to Breakeven | 148.8% | 50.9% |
| Time to Breakeven | 249 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -16.5% | -19.2% |
| % Gain to Breakeven | 19.7% | 23.8% |
| Time to Breakeven | 53 days | 105 days |
In The Past
Wolverine World Wide's stock fell -35.1% during the 2025 US Tariff Shock. Such a loss loss requires a 54.0% gain to breakeven.
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| Event | WWW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -35.1% | -18.8% |
| % Gain to Breakeven | 54.0% | 23.1% |
| Time to Breakeven | 30 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -40.7% | -9.5% |
| % Gain to Breakeven | 68.8% | 10.5% |
| Time to Breakeven | 208 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -47.5% | -24.5% |
| % Gain to Breakeven | 90.5% | 32.4% |
| Time to Breakeven | 1027 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -59.8% | -33.7% |
| % Gain to Breakeven | 148.8% | 50.9% |
| Time to Breakeven | 249 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -47.5% | -12.2% |
| % Gain to Breakeven | 90.5% | 13.9% |
| Time to Breakeven | 617 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -41.8% | -6.8% |
| % Gain to Breakeven | 71.9% | 7.3% |
| Time to Breakeven | 408 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -22.9% | -17.9% |
| % Gain to Breakeven | 29.7% | 21.8% |
| Time to Breakeven | 168 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -21.6% | -15.4% |
| % Gain to Breakeven | 27.5% | 18.2% |
| Time to Breakeven | 148 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -47.1% | -53.4% |
| % Gain to Breakeven | 88.9% | 114.4% |
| Time to Breakeven | 175 days | 1085 days |
In The Past
Wolverine World Wide's stock fell -35.1% during the 2025 US Tariff Shock. Such a loss loss requires a 54.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Wolverine World Wide (WWW)
Wolverine World Wide, Inc. (WWW) is a global company engaged in the design, manufacturing, sourcing, marketing, licensing, and distribution of a wide array of footwear, apparel, and accessories. The company operates through two main segments, managing a diverse portfolio of lifestyle and performance brands.
Its core offerings include a broad spectrum of footwear, encompassing casual, athletic, outdoor, kids', industrial work, and uniform styles, sold under prominent brands such as Merrell, Saucony, Sperry, Hush Puppies, Wolverine, Cat, and Chaco. Beyond footwear, WWW also markets apparel and accessories for specific brands like Merrell and Wolverine, and licenses its brands for various non-footwear products including apparel, eyewear, and handbags. Additionally, the company markets specialized pigskin leather for use in the footwear industry.
Wolverine World Wide serves a diverse global customer base through multiple distribution channels. Its products are sold to department stores, national chains, specialty retailers, independent stores, mass merchants, and government customers across the United States, Europe, the Middle East, Africa, Asia Pacific, Canada, and Latin America. The company also directly reaches consumers through its network of company-owned brick-and-mortar retail stores and numerous eCommerce websites, complemented by sales through third-party licensees and distributors.
AI Analysis | Feedback
Wolverine World Wide is like a diversified footwear and apparel conglomerate, similar to a smaller, more shoe-centric VF Corporation (VFC).
Think of it as the parent company for a wide range of popular shoe brands, from athletic to workwear, akin to how Deckers Outdoor (DECK) manages multiple footwear brands, but with a broader scope.
Imagine an LVMH for everyday footwear and performance brands, managing a diverse portfolio that includes Merrell, Saucony, Sperry, and Wolverine work boots, rather than luxury goods.
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- Footwear: Wolverine World Wide designs, manufactures, and distributes a wide variety of shoes, boots, and sandals for casual, athletic, outdoor, industrial, and uniform uses.
- Apparel: The company offers various clothing items, including casual wear, performance outdoor apparel, and industrial workwear.
- Accessories: Wolverine World Wide provides a range of accessories such as eyewear, watches, socks, handbags, gloves, and plush toys under its brands.
- Pigskin Leather: It markets specialized pigskin leather products under trademarks like Wolverine Warrior Leather for use in the footwear industry.
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Wolverine World Wide (WWW) sells its products primarily to other companies (business-to-business or B2B) through wholesale channels, while also maintaining a direct-to-consumer (DTC) presence.
The major categories of its B2B customers include:
- Department stores
- National chains
- Catalog and specialty retailers
- Independent retailers
- Uniform outlets
- Mass merchants
- Government customers
The provided background information does not list the specific names of these customer companies or their public symbols.
Additionally, Wolverine World Wide also sells directly to individual consumers (business-to-consumer or B2C) through its:
- Own brick-and-mortar retail stores
- Consumer-direct eCommerce sites
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Christopher Hufnagel, President & Chief Executive Officer
Christopher Hufnagel was appointed President and Chief Executive Officer of Wolverine World Wide in August 2023. He has a tenure of over 15 years with the company, having served in various senior leadership capacities, including President of the Active Group, Global Brand President of Merrell, Global Brand President of CAT Footwear, President of Direct-to-Consumer, and Senior Vice President of Strategy. Before joining Wolverine World Wide, Hufnagel held senior leadership positions at prominent retail companies such as Under Armour, Gap, and Abercrombie & Fitch, where he contributed to the development and launch of the Hollister brand.
Taryn Miller, Chief Financial Officer & Treasurer
Taryn Miller assumed the role of Chief Financial Officer at Wolverine World Wide effective May 9, 2024. She brings over 25 years of global business expertise in corporate finance and investor relations. Prior to her appointment at Wolverine World Wide, Miller was the Vice President of Corporate and Commercial Finance at Corteva Agriscience from October 2022 to October 2023. From April 2017 to October 2022, she served as the Chief Financial Officer of Global Business Units, Enterprise FP&A, and Investor Relations at Kimberly-Clark Corporation. Earlier in her career, she held diverse financial leadership positions at Kraft Heinz Company, including Chief Financial Officer and Vice President of Finance at Kraft Heinz Canada Inc.
Justin Cupps, President, Work Group
Justin Cupps was appointed President of the Work Group at Wolverine World Wide in November 2025. He possesses nearly 30 years of experience in driving growth and innovation across global consumer brands. Before joining Wolverine World Wide, Cupps served as Senior Vice President of North American Sport Performance Brands at EssilorLuxottica, where he managed a $1.25 billion portfolio that included Oakley and Costa del Mar. His previous experience includes leadership roles at Under Armour, Adidas, Gant, and AND 1.
Susie Kuhn, President, Active Group
Susie Kuhn joined Wolverine World Wide as President of the Active Group, effective October 28, 2024. In this role, she is responsible for the strategic direction and commercial performance of the Merrell, Saucony, and Chaco brands. Kuhn brings over two decades of global brand-building experience in the footwear, apparel, and retail sectors. Her extensive background includes senior leadership positions at Foot Locker, where she was President of its Europe, Middle East, and Africa division, as well as roles at Nike, Converse, and URBN.
Dee Slater, Chief Information Officer & Senior Vice President, Central Services
Dee Slater serves as the Chief Information Officer and Senior Vice President of Supply Chain & Shared Services at Wolverine World Wide, a role she has held since June 1999. She previously worked at Warner Lambert from March 1992 to June 1999, holding positions such as Senior IT Director, Supply Chain, and Director, IT, and Finance. Slater is recognized for her extensive experience in cross-functional leadership and integration, including successfully leading the end-to-end integration of brands such as Sperry Top-Sider, Saucony, Keds, and Stride Rite into the Wolverine World Wide portfolio, an acquisition valued at $1.2 billion.
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Key Risks to Wolverine World Wide (WWW)
- Supply Chain Vulnerabilities, Foreign Sourcing Dependence, and Geopolitical/Tariff Risks: Wolverine World Wide relies significantly on foreign sourcing, predominantly in the Asia Pacific region. This exposes the company to disruptions in the supply chain, tariffs, inflation, foreign exchange rate fluctuations, and broader geopolitical risks. These factors can lead to increased costs, production delays, and a negative impact on overall profitability.
- Intense Market Competition and the Need to Adapt to Changing Consumer Preferences: The footwear and apparel industry is highly competitive. Wolverine World Wide must continuously innovate, maintain positive brand images, and effectively respond to rapidly changing footwear and apparel trends and consumer preferences to remain competitive and capture market share. Failure to do so could adversely affect sales and brand relevance.
- Financial Risks: The company faces several financial risks, including a high level of debt which can reduce financial flexibility. Additionally, fluctuations in foreign currency exchange rates can significantly impact financial results, particularly for its international operations. General economic downturns, impacting employment rates and consumer spending, also pose a risk by potentially decreasing demand for Wolverine World Wide's products.
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Wolverine World Wide (symbol: WWW) operates in several distinct addressable markets for its footwear and apparel products. Based on available data, the estimated market sizes for their main product categories are as follows:
Footwear Markets
- U.S. Footwear Market: The total footwear market in the United States was valued at approximately USD 97.16 billion in 2025.
- Global Athletic Footwear Market: This market was valued at around USD 125.98 billion in 2025.
- U.S. Athletic Footwear Market: The U.S. athletic footwear market was projected to reach USD 33.3 billion in 2024.
- Global Kids' Footwear Market: The global market for kids' footwear was valued at approximately USD 50.83 billion in 2025.
- U.S. Kids' Footwear Market: The U.S. kids' footwear market reached approximately USD 12 billion in 2025.
- Global Work Boots Market: This market was valued at approximately USD 17.7 billion in 2025.
- U.S. Work Boots Market: The U.S. work boot market was valued at USD 5.28 billion in 2024.
Apparel Markets
- Global Apparel Market: The global apparel market was valued at approximately USD 1.84 trillion in 2025.
- U.S. Apparel Market: The United States apparel market was valued at approximately USD 365.70 billion in 2025.
- Global Outdoor Apparel Market: This market was valued at approximately USD 18.66 billion in 2025.
- U.S. Outdoor Apparel Market: The U.S. outdoor apparel market contributed to approximately 28% of the global market revenue in 2025, translating to roughly USD 5.22 billion (based on a global market of USD 18.66 billion).
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Wolverine World Wide, Inc. (WWW) is strategically positioning itself for future revenue growth over the next two to three years by focusing on several key drivers:
-
Accelerated Growth of Core Brands: The company is heavily investing in and prioritizing its high-growth brands, Merrell and Saucony. Both brands have demonstrated strong performance and are expected to continue driving revenue increases through product innovation and market share gains. For instance, Saucony achieved a record year with a 30% increase in 2025, and Merrell saw high single-digit growth.
-
International Market Expansion: Wolverine World Wide is emphasizing the globalization of Merrell and Saucony, with a 2025 target to increase international revenue by 15%. Key regions for this expansion include Greater China and EMEA, where outdoor participation is on the rise.
-
Expansion of Direct-to-Consumer (DTC) Channels: The company aims to increase its DTC revenue to 40% of total revenue by the end of 2025, up from approximately 25% three years prior. This will be achieved through upgraded e-commerce platforms and the curation of flagship stores.
-
New Product Innovation and Category Expansion: Wolverine World Wide is focused on launching new products in strategic categories such as trail-running and work-utility. For example, Merrell plans to launch its "All New Speed Arrk Collection" in 2025, and Saucony is introducing new performance footwear like the Endorphin Azura.
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Share Repurchases
- During the fourth quarter of 2025, Wolverine World Wide repurchased approximately 0.9 million shares of its common stock for a total of approximately $15 million.
- As of January 3, 2026, the company had approximately $135 million remaining under its stock repurchase authorization.
- Net debt-to-EBITDA fell below 2.0x in early 2025, providing capacity for potential modest share repurchases in 2026.
Outbound Investments
- Wolverine World Wide acquired British athleisure retailer Sweaty Betty in August 2021.
- The company sold Keds in 2023.
- Wolverine World Wide sold Sperry in 2024.
Capital Expenditures
- Capital expenditures for fiscal years ending January 2021 to 2024 averaged $19.84 million, with a peak of $36.5 million in December 2022.
- CapEx is budgeted at $50–$60 million for 2025.
- The focus of capital expenditures for 2025 is on digital transformation and logistics automation to support the company's e-commerce growth strategy.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 52.30 |
| Mkt Cap | 4.6 |
| Rev LTM | 3,731 |
| Op Inc LTM | 448 |
| FCF LTM | 451 |
| FCF 3Y Avg | 454 |
| CFO LTM | 569 |
| CFO 3Y Avg | 561 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.0% |
| Rev Chg 3Y Avg | -0.0% |
| Rev Chg Q | 4.2% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Inc Chg LTM | 21.9% |
| Op Inc Chg 3Y Avg | 8.8% |
| Op Mgn LTM | 8.4% |
| Op Mgn 3Y Avg | 8.3% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 10.4% |
| CFO/Rev 3Y Avg | 11.6% |
| FCF/Rev LTM | 8.8% |
| FCF/Rev 3Y Avg | 10.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.6 |
| P/S | 1.1 |
| P/Op Inc | 9.8 |
| P/EBIT | 10.0 |
| P/E | 14.1 |
| P/CFO | 9.5 |
| Total Yield | 8.5% |
| Dividend Yield | 2.0% |
| FCF Yield 3Y Avg | 9.8% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.7% |
| 3M Rtn | 7.7% |
| 6M Rtn | -3.8% |
| 12M Rtn | 22.3% |
| 3Y Rtn | 16.4% |
| 1M Excs Rtn | -8.2% |
| 3M Excs Rtn | 0.8% |
| 6M Excs Rtn | -15.1% |
| 12M Excs Rtn | -0.4% |
| 3Y Excs Rtn | -59.4% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2026 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Active Group | 1,408 | 1,246 | 1,439 | 1,320 |
| Work Group | 422 | 455 | 481 | 549 |
| Other | 44 | 54 | 323 | 70 |
| Corporate | 0 | 0 | ||
| Lifestyle Group | 477 | |||
| Total | 1,874 | 1,755 | 2,243 | 2,415 |
| $ Mil | 2026 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Active Group | 253 | 185 | 140 | 230 |
| Work Group | 73 | 69 | 58 | 104 |
| Other | 29 | 31 | 33 | 8 |
| Corporate | -204 | -184 | -299 | -253 |
| Lifestyle Group | 68 | |||
| Total | 150 | 101 | -68 | 156 |
| $ Mil | 2026 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Active Group | 980 | 1,012 | 1,184 | 1,377 |
| Corporate | 397 | 312 | 340 | 204 |
| Work Group | 245 | 266 | 319 | 284 |
| Other | 88 | 79 | 251 | 58 |
| Lifestyle Group | 663 | |||
| Total | 1,709 | 1,669 | 2,094 | 2,586 |
Price Behavior
| Market Price | $18.20 | |
| Market Cap ($ Bil) | 1.5 | |
| First Trading Date | 12/18/1984 | |
| Distance from 52W High | -42.6% | |
| 50 Days | 200 Days | |
| DMA Price | $17.87 | $17.52 |
| DMA Trend | down | up |
| Distance from DMA | 1.9% | 3.9% |
| 3M | 1YR | |
| Volatility | 50.9% | 52.1% |
| Downside Capture | 73.67 | 133.97 |
| Upside Capture | 126.57 | 61.52 |
| Correlation (SPY) | 20.6% | 28.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.98 | 0.86 | 0.98 | 1.21 | 1.28 | 1.55 |
| Up Beta | -3.05 | -0.93 | -0.53 | 0.52 | 1.56 | 1.96 |
| Down Beta | 3.64 | 2.02 | 1.57 | 1.24 | 1.59 | 1.22 |
| Up Capture | 283% | 144% | 155% | 167% | 77% | 300% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 14 | 23 | 32 | 61 | 119 | 371 |
| Down Capture | -12% | 56% | 96% | 132% | 115% | 108% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 8 | 20 | 31 | 65 | 131 | 377 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WWW | |
|---|---|---|---|---|
| WWW | -32.3% | 52.1% | -0.56 | - |
| Sector ETF (XLY) | 7.2% | 19.4% | 0.24 | 37.3% |
| Equity (SPY) | 22.1% | 12.8% | 1.28 | 29.0% |
| Gold (GLD) | 28.2% | 28.4% | 0.86 | 1.9% |
| Commodities (DBC) | 37.4% | 20.1% | 1.47 | -20.6% |
| Real Estate (VNQ) | 12.5% | 13.8% | 0.61 | 28.8% |
| Bitcoin (BTCUSD) | -45.3% | 42.9% | -1.28 | 12.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WWW | |
|---|---|---|---|---|
| WWW | -10.1% | 58.4% | 0.05 | - |
| Sector ETF (XLY) | 6.4% | 24.0% | 0.22 | 45.4% |
| Equity (SPY) | 13.3% | 17.2% | 0.60 | 43.7% |
| Gold (GLD) | 18.8% | 18.6% | 0.82 | 4.2% |
| Commodities (DBC) | 9.3% | 19.6% | 0.36 | 8.3% |
| Real Estate (VNQ) | 1.9% | 18.9% | -0.00 | 37.3% |
| Bitcoin (BTCUSD) | 10.9% | 52.8% | 0.39 | 24.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WWW | |
|---|---|---|---|---|
| WWW | -1.0% | 50.6% | 0.18 | - |
| Sector ETF (XLY) | 12.4% | 22.2% | 0.51 | 48.6% |
| Equity (SPY) | 15.3% | 17.9% | 0.73 | 45.7% |
| Gold (GLD) | 12.0% | 16.2% | 0.61 | 0.4% |
| Commodities (DBC) | 7.9% | 18.0% | 0.35 | 15.2% |
| Real Estate (VNQ) | 4.5% | 20.7% | 0.18 | 40.9% |
| Bitcoin (BTCUSD) | 59.4% | 66.1% | 0.99 | 16.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/14/2026 | -2.0% | -1.6% | 16.0% |
| 2/26/2026 | 10.8% | -1.7% | -8.1% |
| 11/5/2025 | -24.3% | -28.7% | -21.2% |
| 8/6/2025 | 14.8% | 17.8% | 36.2% |
| 5/8/2025 | 10.3% | 11.4% | 19.9% |
| 2/19/2025 | -16.6% | -19.9% | -25.3% |
| 11/7/2024 | 35.8% | 34.0% | 43.2% |
| 8/7/2024 | -6.8% | -8.2% | -1.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 13 |
| # Negative | 12 | 12 | 11 |
| Median Positive | 8.3% | 9.5% | 12.8% |
| Median Negative | -9.1% | -9.6% | -15.1% |
| Max Positive | 35.8% | 34.0% | 43.2% |
| Max Negative | -34.2% | -36.7% | -43.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/14/2026 | -2.0% | -1.6% | 16.0% |
| 2/26/2026 | 10.8% | -1.7% | -8.1% |
| 11/5/2025 | -24.3% | -28.7% | -21.2% |
| 8/6/2025 | 14.8% | 17.8% | 36.2% |
| 5/8/2025 | 10.3% | 11.4% | 19.9% |
| 2/19/2025 | -16.6% | -19.9% | -25.3% |
| 11/7/2024 | 35.8% | 34.0% | 43.2% |
| 8/7/2024 | -6.8% | -8.2% | -1.2% |
| 5/8/2024 | 11.6% | 23.1% | 14.9% |
| 2/21/2024 | 2.0% | 8.9% | 12.8% |
| 11/9/2023 | 4.2% | 4.1% | 7.8% |
| 8/10/2023 | -25.7% | -31.4% | -30.8% |
| 5/10/2023 | 11.3% | 2.6% | -2.3% |
| 2/22/2023 | 6.3% | 11.4% | 10.4% |
| 11/9/2022 | -34.2% | -36.7% | -43.2% |
| 8/10/2022 | 1.0% | 5.9% | -13.3% |
| 5/11/2022 | -7.2% | 10.2% | 24.9% |
| 2/23/2022 | -3.6% | -14.1% | -8.9% |
| 11/10/2021 | -10.9% | -8.0% | -15.4% |
| 7/29/2021 | 0.4% | 0.2% | 6.6% |
| 5/12/2021 | -12.8% | -11.0% | -15.1% |
| 2/25/2021 | -6.7% | -3.7% | 3.6% |
| 11/5/2020 | -2.6% | -4.8% | 5.4% |
| 8/5/2020 | 4.0% | 6.6% | 12.4% |
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 13 |
| # Negative | 12 | 12 | 11 |
| Median Positive | 8.3% | 9.5% | 12.8% |
| Median Negative | -9.1% | -9.6% | -15.1% |
| Max Positive | 35.8% | 34.0% | 43.2% |
| Max Negative | -34.2% | -36.7% | -43.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/14/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/13/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 04/29/2020 | 10-Q |
| 12/31/2019 | 02/26/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
| 06/30/2019 | 08/07/2019 | 10-Q |
Recent Forward Guidance
Updated 7/27/2026Latest: Q1 2026 Earnings Reported 5/14/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 1.96 Bil | 1.97 Bil | 1.99 Bil | 0 | Affirmed | Guidance: 1.97 Bil for 2026 | |
| 2026 Gross Margin | 46.4% | 0.4% | Raised | Guidance: 46.0% for 2026 | |||
| 2026 Operating Margin | 9.2% | 0.4% | Raised | Guidance: 8.8% for 2026 | |||
| 2026 Adjusted Operating Margin | 9.5% | 0.4% | Raised | Guidance: 9.1% for 2026 | |||
| 2026 Diluted EPS | 1.39 | 1.47 | 1.54 | 5.8% | Raised | Guidance: 1.39 for 2026 | |
| 2026 Adjusted Diluted EPS | 1.43 | 1.5 | 1.58 | 5.6% | Raised | Guidance: 1.43 for 2026 | |
Prior: Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 1.96 Bil | 1.97 Bil | 1.99 Bil | 5.9% | Higher New | Actual: 1.86 Bil for 2025 | |
| 2026 Revenue Growth | 4.6% | 5.25% | 5.9% | ||||
| 2026 Gross Margin | 46.0% | -1.1% | Lower New | Actual: 47.1% for 2025 | |||
| 2026 Operating Margin | 8.8% | 1.0% | Higher New | Actual: 7.8% for 2025 | |||
| 2026 Adjusted Operating Margin | 9.1% | 0.2% | Higher New | Actual: 8.9% for 2025 | |||
| 2026 Diluted EPS | 1.31 | 1.39 | 1.46 | 25.3% | Higher New | Actual: 1.1 for 2025 | |
| 2026 Adjusted Diluted EPS | 1.35 | 1.43 | 1.5 | 8.4% | Higher New | Actual: 1.31 for 2025 | |
Q3 2025 Earnings Reported 11/5/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | 1.85 Bil | 1.86 Bil | 1.87 Bil | ||||
| 2025 Gross Margin | 47.1% | ||||||
| 2025 Operating Margin | 7.8% | ||||||
| 2025 Adjusted Operating Margin | 8.9% | ||||||
| 2025 Diluted EPS | 1.08 | 1.1 | 1.13 | ||||
| 2025 Adjusted Diluted EPS | 1.29 | 1.31 | 1.34 | ||||
| 2025 Net Earnings | 91.00 Mil | 93.00 Mil | 95.00 Mil | ||||
| 2025 Adjusted Net Earnings | 109.00 Mil | 111.00 Mil | 113.00 Mil | ||||
Insider Activity
Updated 8/4/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Boromisa, Jeffrey M | LLC | Sell | 7152026 | 18.14 | 25,000 | 453,500 | 2,456,156 | Form | |
| 2 | Lauderback, Brenda J | Direct | Sell | 5222026 | 15.88 | 5,500 | 87,340 | 860,728 | Form | |
| 3 | Boyle, Jack | Trust | Buy | 11102025 | 15.77 | 6,250 | 98,562 | 98,562 | Form | |
| 4 | Long, Nicholas T | Direct | Buy | 11102025 | 15.88 | 2,000 | 31,760 | 1,242,896 | Form | |
| 5 | Price, Demonty | Trust | Buy | 11102025 | 15.77 | 25,000 | 394,250 | 1,182,750 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Boromisa, Jeffrey M | LLC | Sell | 7152026 | 18.14 | 25,000 | 453,500 | 2,456,156 | Form | |
| 2 | Lauderback, Brenda J | Direct | Sell | 5222026 | 15.88 | 5,500 | 87,340 | 860,728 | Form | |
| 3 | Boyle, Jack | Trust | Buy | 11102025 | 15.77 | 6,250 | 98,562 | 98,562 | Form | |
| 4 | Long, Nicholas T | Direct | Buy | 11102025 | 15.88 | 2,000 | 31,760 | 1,242,896 | Form | |
| 5 | Price, Demonty | Trust | Buy | 11102025 | 15.77 | 25,000 | 394,250 | 1,182,750 | Form | |
| 6 | Klimek, Amy M | Chief Human Resources Officer | Direct | Sell | 11032025 | 22.32 | 11,528 | Form | ||
| 7 | Latchana, David A | Chief Legal Officer | Direct | Sell | 9022025 | 32.16 | 5,000 | 160,800 | 619,176 | Form |
| 8 | Hufnagel, Christopher | President and CEO | Direct | Sell | 9022025 | 31.91 | 32,294 | 1,030,502 | 7,389,016 | Form |
| 9 | Long, Nicholas T | Direct | Sell | 8282025 | 31.84 | 12,854 | 409,271 | 2,428,373 | Form | |
| 10 | Lauderback, Brenda J | Direct | Sell | 8282025 | 32.14 | 12,854 | 413,128 | 1,564,414 | Form | |
| 11 | Klimek, Amy M | Chief Human Resources Officer | Direct | Sell | 8202025 | 28.41 | 18,676 | Form | ||
| 12 | Klimek, Amy M | Chief Human Resources Officer | Trust | Sell | 8202025 | 28.41 | 20,000 | 568,200 | 1,022,447 | Form |
| 13 | Gerber, William K | Direct | Sell | 8122025 | 27.33 | 12,854 | 351,300 | 1,250,566 | Form | |
| 14 | Price, Demonty | Trust | Buy | 8122025 | 27.19 | 15,000 | 407,850 | 1,359,500 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Footwear Resources |
| Footwear News |
| Sneaker News |
| Sole Collector |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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