Wolverine World Wide raised its fiscal 2026 adjusted earnings guidance to $1.55 to $1.65 per share from $1.43 to $1.58. The Zacks Consensus Estimate for 2026 earnings stands at $1.62 per share, while the 2027 estimate is $1.84. Active Group revenues increased 8.5% in constant currency in the second quarter, led by Merrell and Saucony, and the Active Group represented roughly three-quarters of Wolverine's fiscal 2025 revenues. Second-quarter gross margin fell 70 basis points to 46.5%, including an approximately 310-basis-point unmitigated tariff impact, while Work Group revenues declined 2.1% in constant currency and Sweaty Betty revenues declined 2.7%. Net debt declined $125 million year over year to $443 million, and management raised its fiscal 2026 operating free cash flow outlook to $115 million to $130 million from $105 million to $120 million.
Wolverine World Wide IncRaised fiscal 2026 EPS guidance and free cash flow outlook, indicating improved profitability.
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