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Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Wolverine Worldwide (NYSE:WWW) and the best and worst performers in the consumer discretionary - footwear industry. The Consumer Discretionary sector, by definition, is made up of companies selling non-essential goods and services. When economic conditions deteriorate or tastes shift, consumers can easily cut back or eliminate these purchases. For long-term investors with five-year holding periods, this creates a structural challenge: the sector is inherently hit-driven, with low switching costs and fickle customers. As a result, only a handful of companies can reliably grow demand and compound earnings over long periods, which is why our bar is high and High Quality ratings are rare. Footwear companies design, manufacture, and market shoes across athletic, casual, and luxury segments. Tailwinds include the global athleisure trend, growing health and fitness awareness driving sneaker demand, and expanding direct-to-consumer digital channels that improve brand control and margins. However, headwinds are notable: the industry faces intense competition and brand-switching behavior, heavy marketing spend requirements to maintain relevance, and exposure to volatile raw material and freight costs. Tariff risk from concentrated overseas manufacturing, primarily in Asia, remains a persistent concern. Additionally, inventory management is challenging given seasonal and trend-driven demand, with markdowns eroding profitability when styles miss consumer expectations. The 7 consumer discretionary - footwear stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 1.8%. Thankfully, share prices of the companies have been resilient as they are up 5.9% on average since the latest earnings results. Founded in 1883, Wolverine Worldwide (NYSE:WWW) is a global footwear company with a diverse portfolio of brands including Merrell, Hush Puppies, and Saucony. Wolverine Worldwide reported revenues of $457.6 million, up 11% year on year. This print exceeded analysts’ expectations by 1.7%. Overall, it was a satisfactory quarter for the company with a beat of analysts’ EPS estimates and full-year revenue guidance meeting analysts’ expectations. Wolverine Worldwide delivered the weakest full...

NIKE Inc. NKE is slated to release fourth-quarter fiscal 2026 results on June 30. The leading sports apparel retailer is estimated to have witnessed year-over-year declines in the top and bottom lines in the quarter to be reported.The Zacks Consensus Estimate for fiscal fourth-quarter revenues is pegged at $10.9 billion, suggesting a 2% decline from the year-ago quarter’s reported figure. The Zacks Consensus Estimate for the company’s fiscal fourth-quarter earnings is pegged at 11 cents per share, indicating a decline of 21.4% from the year-ago reported number. Earnings estimates for the fiscal fourth quarter were unchanged in the last 30 days.In the last reported quarter, the company's earnings beat the consensus estimate by 20.69%. It has delivered an earnings surprise of 40.52%, on average, in the trailing four quarters. Our proven model does not conclusively predict an earnings beat for NIKE this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.NIKE has an Earnings ESP of 0.00% and currently carries a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank stocks here. NIKE's fourth-quarter fiscal 2026 results are expected to reflect the impacts of NIKE’s transitional phase, marked by a blend of structural realignment, macroeconomic pressures and uneven regional performance. Despite progress under “Win Now,” the earnings profile remains constrained by tariffs, promotions and restructuring actions. Greater China remains a major concern, with sales declines expected to persist into fiscal 2027 as the company continues marketplace cleanup efforts and reduces sell-in levels. On the last reported quarter’s earnings call, management acknowledged that it has been taking actions to clean the marketplace, tighten execution across digital and physical retail, and rebuild the brand locally through sport, but also expected these actions to continue throughout fiscal 2027 and impact revenue growth as sell-in is reduced. For the fourth quarter of fiscal 2026, management expects Greater China to be down 20%, reflecting reduced sell-in and accelerated cleanup actions. Given China’s historical role as a growth and m...

Wolverine Worldwide’s first quarter saw revenue and profitability outpace Wall Street’s expectations, yet the market reacted negatively. Management attributed the results to strong performances from Merrell and Saucony, both delivering broad-based growth across regions and channels. CEO Christopher Hufnagel cited ongoing investments in product innovation, marketing, and brand-building as key factors, emphasizing that “quarterly adjusted diluted earnings increased over 30%.” However, the company also navigated continued headwinds from tariffs and shifting consumer preferences, particularly in direct-to-consumer segments. Is now the time to buy WWW? Find out in our full research report (it’s free). Revenue: $457.6 million vs analyst estimates of $449.8 million (11% year-on-year growth, 1.7% beat) Adjusted EPS: $0.25 vs analyst estimates of $0.22 (12.6% beat) Adjusted EBITDA: $40.3 million vs analyst estimates of $35.84 million (8.8% margin, 12.4% beat) The company reconfirmed its revenue guidance for the full year of $1.97 billion at the midpoint Management raised its full-year Adjusted EPS guidance to $1.51 at the midpoint, a 5.6% increase Operating Margin: 7.4%, up from 5.1% in the same quarter last year Market Capitalization: $1.25 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Tom Nikic (Needham & Company) asked how Saucony is building brand heat and about social media trends. CEO Christopher Hufnagel highlighted the Minted collaboration’s strong online buzz and the role of the key city strategy in driving search interest. Dana Telsey (Telsey Group) inquired about gross margin drivers and wholesale strength. CFO Taryn Miller pointed to structural margin improvements and explained that higher oil prices and tariff mitigation actions will cause quarterly margin fluctuations, while CEO Hufnagel emphasized disciplined marketplace management. Anna Andreeva (Piper Sandler) questioned Merrell’s international potential and direct-to-consumer strategy. Hufnagel discussed regional differences in the brand and noted the importance of a reduced promotional cadence in building premium positioning. William Dossett (BNP...

Footwear conglomerate Wolverine Worldwide (NYSE:WWW) reported Q1 CY2026 results topping the market’s revenue expectations , with sales up 11% year on year to $457.6 million. The company expects the full year’s revenue to be around $1.97 billion, close to analysts’ estimates. Its non-GAAP profit of $0.25 per share was 12.6% above analysts’ consensus estimates. Is now the time to buy WWW? Find out in our full research report (it’s free). Revenue: $457.6 million vs analyst estimates of $449.8 million (11% year-on-year growth, 1.7% beat) Adjusted EPS: $0.25 vs analyst estimates of $0.22 (12.6% beat) Adjusted EBITDA: $40.3 million vs analyst estimates of $35.84 million (8.8% margin, 12.4% beat) The company reconfirmed its revenue guidance for the full year of $1.97 billion at the midpoint Management raised its full-year Adjusted EPS guidance to $1.51 at the midpoint, a 5.6% increase Operating Margin: 7.4%, up from 5.1% in the same quarter last year Market Capitalization: $1.25 billion Wolverine Worldwide’s first quarter saw revenue and profitability outpace Wall Street’s expectations, yet the market reacted negatively. Management attributed the results to strong performances from Merrell and Saucony, both delivering broad-based growth across regions and channels. CEO Christopher Hufnagel cited ongoing investments in product innovation, marketing, and brand-building as key factors, emphasizing that “quarterly adjusted diluted earnings increased over 30%.” However, the company also navigated continued headwinds from tariffs and shifting consumer preferences, particularly in direct-to-consumer segments. Looking ahead, Wolverine Worldwide’s reaffirmed outlook is driven by confidence in its core brands, expanded marketing initiatives, and ongoing operational discipline. Management highlighted the company’s focus on revenue growth, margin expansion, and strategic investments in digital and e-commerce platforms. CFO Taryn Miller noted that “our outlook for 2026 is supported by our first quarter performance and continued progress in executing our strategy,” while cautioning that dynamic external factors—including input cost pressures and global economic uncertainty—remain important considerations for the remainder of the year. Management attributed the quarter’s performance to robust growth in Merrell and Saucony, improved marketplace management, and ongoing margin resil...

Footwear conglomerate Wolverine Worldwide (NYSE:WWW) will be reporting results this Thursday before the bell. Here’s what to look for. Wolverine Worldwide beat analysts’ revenue expectations last quarter, reporting revenues of $517.5 million, up 4.6% year on year. It was a strong quarter for the company, with full-year EPS guidance beating analysts’ expectations and a decent beat of analysts’ adjusted operating income estimates. Is Wolverine Worldwide a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Wolverine Worldwide’s revenue to grow 9.1% year on year, improving from the 5.5% increase it recorded in the same quarter last year. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wolverine Worldwide has a history of exceeding Wall Street’s expectations. Looking at Wolverine Worldwide’s peers in the consumer discretionary - footwear segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Steven Madden delivered year-on-year revenue growth of 18%, beating analysts’ expectations by 0.7%, and Nike reported flat revenue, in line with consensus estimates. Steven Madden traded up 5.2% following the results while Nike was down 15.5%. Read our full analysis of Steven Madden’s results here and Nike’s results here. Investors in the consumer discretionary - footwear segment have had steady hands going into earnings, with share prices flat over the last month. Wolverine Worldwide is down 7.6% during the same time and is heading into earnings with an average analyst price target of $23.30 (compared to the current share price of $15.72). ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all. Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.

Interested in Wolverine World Wide, Inc.? Here are five stocks we like better. Wolverine World Wide beat first-quarter expectations, with revenue up 11% reported to $458 million and adjusted EPS rising 32% year over year to $0.25. Adjusted operating margin improved to 7.7%, and net debt fell by $85 million from a year ago. Merrell and Saucony were the main growth drivers, with revenue up 9% and 15%, respectively. Management highlighted strong product launches, brand momentum, and market-share gains, while reaffirming full-year low- to mid-teens growth for Saucony and mid-single-digit growth for Merrell. The company raised profitability guidance for fiscal 2026 while keeping revenue outlook unchanged at $1.96 billion to $1.985 billion. Wolverine now expects higher gross margin, operating margin and EPS, helped by lower tariff costs, though management remains cautious about the consumer and a dynamic operating environment. 5 Small-Cap Stocks to Watch in 2026 as Investors Rotate Out of Big Tech Wolverine World Wide (NYSE:WWW) reported a stronger-than-expected start to fiscal 2026, with management pointing to momentum at Merrell and Saucony, improved operating discipline and continued progress on its brand-building strategy. President and Chief Executive Officer Chris Hufnagel said the first quarter “exceeded our expectations across all key financial metrics.” Revenue rose 11% on a reported basis and 7% on a constant currency basis, driven by the company’s two largest brands. Merrell revenue increased 9%, while Saucony grew 15%. → McDonald's Is the Cheapest It’s Been in Years—Does That Make It a Buy? The Hottest Markets to Watch After the Fed’s 25 Bps Rate Cut Chief Financial Officer Taryn Miller said first-quarter revenue totaled $458 million, above the high end of the company’s outlook. Foreign currency provided a $15 million benefit. Wholesale revenue increased 10% from the prior year, while direct-to-consumer revenue was approximately flat, with management citing continued improvement in the mix of full-price sales. Adjusted diluted earnings per share rose 32% year over year to $0.25, above the company’s prior outlook of $0.20 to $0.22. Adjusted operating margin expanded 140 basis points to 7.7%, while gross margin was flat at 47.6%. Miller said tariff mitigation actions and a better full-price sales mix offset a 270-basis-point unmitigated tariff headwind....

Wolverine World Wide, Inc. WWW reported solid first-quarter 2026 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Also, revenues and earnings increased year over year. The company delivered a healthy start to 2026, driven by continued strength in its two largest brands, Merrell and Saucony, along with robust international growth. Results reflected improving operating leverage and disciplined cost management, while the company continued to navigate tariff-related headwinds through pricing actions and a better full-price mix. Management also increased its 2026 profitability outlook, reflecting confidence in execution and continued brand momentum across the portfolio. Wolverine World Wide, Inc. price-consensus-eps-surprise-chart | Wolverine World Wide, Inc. Quote The company posted adjusted earnings of 25 cents a share, which beat the Zacks Consensus Estimate of 22 cents by 13.6%. The figure improved 31.6% from adjusted earnings of 19 cents in the prior-year quarter. At constant currency, earnings per share were 22 cents, up 15.8% from 19 cents in the prior-year quarter. Total revenues were $457.6 million, up 11% year over year on a reported basis. The top line surpassed the Zacks Consensus Estimate of $447 million by 2.4%. Direct-to-consumer revenues were $99.3 million, up 3% year over year. WWW’s international business revenues increased 20.1% to $249.6 million. Regarding segments, Active Group revenues increased 13.7% year over year to $371.6 million. However, the segment’s revenues surpassed the Zacks Consensus Estimate of $364.1 million. Work Group revenues inched up 1.2% to $75.7 million and beat the consensus estimate of $72.2 million. Revenues of the Other segment declined 4.6% to $10.3 million. Also, the metric lagged the consensus estimate of $11 million. Brand-wise, Merrell revenues rose 12.7% year over year to $169.7 million. Saucony revenues jumped 20.1% to $155.9 million. Wolverine revenues declined 2.5% to $36.4 million. Sweaty Betty generated revenues of $38.6 million, up 1.5% year over year. The Zacks Consensus Estimate for revenues was pegged at $161.1 million for Merrell, $158.4 million for Saucony, $33.7 million for Wolverine and $36.1 million for Sweaty Betty. Gross profit was $217.8 million, up 11.1% year over year. The gross margin remained flat year over year at 47.6%. Performance was driven by a favorabl...

Wolverine World Wide (WWW) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +12.61%. A quarter ago, it was expected that this footwear maker would post earnings of $0.44 per share when it actually produced earnings of $0.45, delivering a surprise of +2.27%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Wolverine, which belongs to the Zacks Shoes and Retail Apparel industry, posted revenues of $457.6 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.42%. This compares to year-ago revenues of $412.3 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Wolverine shares have lost about 14.4% since the beginning of the year versus the S&P 500's gain of 8.8%. While Wolverine has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Wolverine was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Stro...

This article first appeared on GuruFocus. Revenue: $458 million, up 11% reported, 7% constant currency. Adjusted Diluted Earnings Per Share: Increased 32% to $0.25. Gross Margin: 47.6%, consistent with the prior year. Adjusted Operating Margin: 7.7%, up 140 basis points from the prior year. Net Debt: $519 million, down $85 million year-over-year. Merrell Revenue Growth: 9% increase. Saucony Revenue Growth: 15% increase, record level for the brand. Sweaty Betty Revenue: Declined 4%, impacted by US market reset. Work Group Revenue: Approximately flat, better than expected. Full Year Revenue Guidance: $1.96 billion to $1.985 billion, 5.2% growth at midpoint. Operating Free Cash Flow Guidance: $105 million to $120 million. Capital Expenditures Guidance: Approximately $20 million. Warning! GuruFocus has detected 3 Warning Sign with WWW. Is WWW fairly valued? Test your thesis with our free DCF calculator. Release Date: May 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Wolverine World Wide Inc (NYSE:WWW) reported an 11% increase in revenue on a reported basis and 7% on a constant currency basis, driven by strong performance from its Merrell and Saucony brands. The company achieved a 30% increase in quarterly adjusted diluted earnings per share, reaching $0.25, indicating improved profitability. Merrell and Saucony brands showed significant growth, with Merrell's revenue up 9% and Saucony's up 15%, supported by successful product launches and marketing strategies. Wolverine World Wide Inc (NYSE:WWW) is making strategic investments in e-commerce and AI, enhancing its operational capabilities and efficiency. The company is successfully executing its key city strategy and expanding its global brand-building capabilities, which are expected to drive future growth. Sweaty Betty's revenue declined by 4% due to a strategic reset in the US market, impacting overall performance. The company faces ongoing challenges from unmitigated tariff impacts, which affected gross margins by 270 basis points in the first quarter. Higher oil prices are leading to increased freight costs, which could impact profitability in the second half of the year. The Work Group's revenue was approximately flat, indicating challenges in achieving growth in this segment. Despite strong performance in some areas, the company remains cautiou...

Wolverine World Wide (NYSE:WWW) shares rose more than 3% on Thursday after the company reported first-quarter results that topped Wall Street forecasts for both earnings and revenue. The footwear and apparel group posted adjusted earnings per share of $0.25, exceeding analyst expectations of $0.22 by $0.03. Revenue increased 11% year over year to $457.6 million from $412.3 million in the same period last year, surpassing the consensus estimate of $447.95 million. On a constant-currency basis, sales grew 7.3%. “The team delivered a solid start to 2026, with first quarter revenue, gross margin, and earnings per share all exceeding our expectations,” said Chris Hufnagel, president and chief executive officer of Wolverine World Wide. “I believe we’re better brand builders today – led by Merrell and Saucony – with encouraging progress now evident across our broader portfolio.” The company’s Active Group division was the primary growth driver, with revenue climbing 13.7% year over year to $371.6 million. The Work Group segment generated $75.7 million in revenue, representing a 1.2% increase from the prior year. Among key brands, Merrell revenue rose 12.7% to $169.7 million, while Saucony delivered a 20.1% jump in sales to $155.9 million. International revenue also showed strong momentum, increasing 20.1% to $249.6 million. Gross margin remained stable at 47.6%, unchanged from the previous year, as favorable product mix and pricing gains helped offset the impact of higher U.S. tariffs. Operating margin expanded by 230 basis points to 7.4%, while adjusted operating margin improved 140 basis points to 7.7%. Wolverine World Wide maintained its fiscal 2026 revenue guidance in the range of $1.96 billion to $1.985 billion. The midpoint of $1.973 billion was slightly below analyst expectations of $1.98 billion. However, the company increased its adjusted earnings per share forecast to between $1.43 and $1.58, compared with its previous guidance range of $1.35 to $1.50. The midpoint of the updated EPS outlook, $1.51, is above the consensus analyst estimate of $1.46. Wolverine World Wide stock price

Wolverine World Wide, Inc. WWW is expected to report an increase in its top and bottom lines year over year when it releases first-quarter 2026 results tomorrow. The Zacks Consensus Estimate of $446.8 million for quarterly revenues suggests a rise of 8.4% from the prior-year quarter’s tally. The consensus estimate for the quarterly bottom line has been stable in the past 30 days at 22 cents per share. The figure indicates an increase of 22.2% from the year-earlier quarter. In the trailing four quarters, this Rockford, MI-based player delivered an earnings surprise of 31.8%, on average. The company beat the Zacks Consensus Estimate by 2.3% in the last reported quarter. Wolverine’s quarterly results are likely to reflect gains from brands, strong execution within its Active portfolio, direct-to-consumer strength, product innovation, premiumization, global expansion and disciplined operational execution. The company has been streamlining its portfolio, investing in high-growth brands and enhancing supply-chain capabilities. The company has been focused on expanding its direct-to-consumer channels, which have become increasingly vital in reaching customers directly and building brand loyalty. Wolverine is also enhancing product assortments through performance-focused footwear innovations, lifestyle offerings and premium product launches designed to capture high-margin demand. The company is intensifying investments behind its largest growth brands, particularly Merrell and Saucony, while continuing to reposition Wolverine and Sweaty Betty for improved profitability and stronger consumer relevance. Additionally, Wolverine is pursuing international expansion opportunities to strengthen its foothold. All the aforesaid efforts are likely to have driven the company’s top and bottom lines in the quarter under review. In its last earnings call, management had projected first-quarter 2026 revenues of $445-$450 million, indicating year-over-year growth of 8.5% at the mid point, or 5.1% on a constant-currency basis. It anticipated the Active Group revenues to have grown in high-single digits year over year in the first quarter. It had expected an adjusted operating margin of 6.6%, up 30 basis points. WWW had guided adjusted EPS of 20-22 cents for the first quarter. The Zacks Consensus Estimate for WWW’s Merrell and Saucony brands’ revenues currently stand at $161 million...

ROCKFORD, Mich., May 14, 2026--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the first quarter ended April 4, 2026. "The team delivered a solid start to 2026, with first quarter revenue, gross margin, and earnings per share all exceeding our expectations," said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. "I believe we're better brand builders today – led by Merrell and Saucony – with encouraging progress now evident across our broader portfolio. We're executing our strategies with pace, navigating a dynamic operating environment by leaning into what we do best – building awesome products, telling amazing stories, and driving the business forward each day." FIRST QUARTER 2026 FINANCIAL HIGHLIGHTS Gross margin was 47.6% compared to 47.6% in the prior year. Results reflect a favorable mix shift toward more full-price sales and the positive impact from recent price increases, offset by higher U.S. tariffs. BALANCE SHEET (April 4, 2026 as compared to March 29, 2025) Cash and cash equivalents were $120 million, an increase of $13 million, or 12.3%. Inventory was $280 million, an increase of $1 million, or 0.4%. Net Debt was $519 million, a decrease of $85 million, or 14.1%. FULL-YEAR 2026 OUTLOOK The Company's outlook reflects the impact of foreign currency. Additionally, fiscal 2026 is a 52-week year and fiscal 2025 was a 53-week year, which will affect annual comparisons. For fiscal year 2026, the Company currently expects: Revenue to be approximately $1.960 billion to $1.985 billion. This range is unchanged from the previous outlook and represents growth of approximately 4.6% to 5.9% compared to 2025, constant currency growth of approximately 3.8% to 5.1%, and constant currency growth of approximately 4.5% to 5.8% excluding the impact of the 53rd week in 2025. Gross margin to be approximately 46.4%, down 90 basis points compared to 2025. This compares to the previous gross margin outlook of approximately 46.0%. Operating margin to be approximately 9.2%, up 120 basis points compared to 2025, and adjusted operating margin to be approximately 9.5%, up 50 basis points compared to 2025. This compares to the previous operating margin outlook of approximately 8.8% and adjusted operating margin of approximately 9.1%. The effective tax rate to be approximately 18.0%, unchanged from the prev...