WOLVERINE WORLD WIDE INC /DE/ (WWW) Form 8-K — Aug 13, 2026
Wolverine World Wide (NYSE: WWW) reported second quarter 2026 revenue of $506.4 million, up 6.8% year over year, with diluted EPS of $0.37 up 15.6% and adjusted diluted EPS of $0.40 up 14.3%. CEO Chris Hufnagel said results were ahead of the company's expectations, led again by Merrell (revenue +11.1% to $175.5 million) and Saucony (+9.9% to $158.6 million). The balance sheet strengthened alongside the beat: cash rose 12.4% to $159 million, inventory fell 17.0% to $269 million, and net debt dropped 22.0% to $443 million. International revenue grew 10.9% while direct-to-consumer was essentially flat at $111.7 million.
Key figures
- Eps
- $0.37 diluted (reported), up 15.6%; $0.40 adjusted diluted, up 14.3%
- Revenue
- $506.4 million (Q2 2026); $964.0 million year-to-date
- Guidance
- FY2026: revenue approximately $1.980-$2.000 billion (raised from $1.960-$1.985 billion), gross margin ~46.9% (raised from ~46.4%), operating margin ~9.5% (raised from ~9.2%), adjusted operating margin ~9.9% (raised from ~9.5%), diluted EPS $1.48-$1.58 (raised from $1.39-$1.54), adjusted diluted EPS $1.55-$1.65 (raised from $1.43-$1.58), effective tax rate ~18.0%, ~82.0 million diluted shares
- Net Income
- $31.2 million attributable to Wolverine World Wide (Q2 2026) vs $26.8 million prior year
- Revenue Yoy
- 6.8% reported / 6.1% constant currency (Q2)
- Total Assets
- $1,706.7 million
- Cash Position
- $158.5 million, up $18 million or 12.4% Y/Y
- Shares Outstanding
- 82.0 million diluted weighted average shares (Q2 2026)
- Net Debt
- $443 million, down $125 million or 22.0% Y/Y
- Inventory
- $269 million, down $55 million or 17.0% Y/Y
- Gross Margin
- 46.5%, down 70 bps Y/Y (prior year 47.2%)
- Merrell Revenue
- $175.5 million, +11.1% Y/Y
- Saucony Revenue
- $158.6 million, +9.9% Y/Y
- Operating Margin
- 9.3%, up 70 bps Y/Y
- Effective Tax Rate
- 19.5% vs 13.7% prior year
- Work Group Revenue
- $105.8 million, -1.6% Y/Y
- Active Group Revenue
- $388.4 million, +9.3% Y/Y
- Sweaty Betty Revenue
- $40.3 million, -2.4% Y/Y
- International Revenue
- $277.2 million, +10.9% Y/Y
- Wolverine Brand Revenue
- $39.6 million, +6.6% Y/Y
- Adjusted Operating Margin
- 10.0% vs 9.2% prior year
- Direct To Consumer Revenue
- $111.7 million, +0.1% Y/Y
Price after filing
Close on the filing date to close N calendar days later (from $18.20). Historical, not a forecast.
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