Wolverine World Wide beats Q1 revenue estimates on international sales, raises 2026 outlook

Wolverine World Wide

14/05/2026 11:40

Overview

U.S. footwear and apparel designer's Q1 revenue grew 11% yr/yr, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Gross margin held steady at 47.6%, supported by full-price sales and price increases

Outlook

Wolverine sees 2026 revenue at $1.96 bln to $1.985 bln, unchanged from prior outlook

Company raises 2026 gross margin outlook to 46.4% from 46.0% previously

Wolverine lifts 2026 operating margin view to 9.2% and adj operating margin to 9.5%

Company raises 2026 diluted EPS outlook to $1.39-$1.54, adj EPS to $1.43-$1.58

Result Drivers

BRAND PERFORMANCE - Merrell and Saucony led growth, with both brands posting double-digit revenue increases

INTERNATIONAL SALES - International revenue rose 20.1% yr/yr, outpacing overall company growth

PRICING AND MIX - Gross margin held steady at 47.6% as more full-price sales and recent price increases offset higher U.S. tariffs

Company press release: ID:nBwbPg8HZa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$457.60 mln
$448.93 mln (8 Analysts)
Q1 Adjusted EPS
Beat
$0.25
$0.22 (8 Analysts)
Q1 Gross Margin
47.60%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the footwear peer group is "buy"

Wall Street's median 12-month price target for Wolverine World Wide Inc is $23.50, about 51.3% above its May 13 closing price of $15.53

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)