Wolverine World Wide, Inc. (NYSE:WWW) reported third-quarter earnings and revenue above analyst expectations on Thursday and raised its full-year 2026 financial guidance, supported by sales growth across its principal footwear brands.
The company’s shares advanced 4.9% following the announcement.
Adjusted earnings per share reached $0.79, exceeding the analyst consensus estimate of $0.46. Revenue increased 7.5% to $505.4 million from $470.3 million a year earlier, compared with market expectations of $500 million.
Quarterly earnings included a benefit from $35.3 million in tariff refunds, which contributed approximately $0.31 to adjusted earnings per share.
Gross margin increased to 54.6% from 47.5% in the previous year, including a 640-basis-point benefit from the tariff refunds. Adjusted operating margin rose to 17.8% from 9.1%.
Saucony and Merrell Report Revenue Growth
Wolverine World Wide reported increased sales across its two largest brands during the quarter.
Saucony revenue rose 19.4% year over year to $158.9 million, while Merrell recorded a 6.5% increase to $178.2 million.
“We delivered a strong third quarter performance, led by our two largest brands and disciplined execution across the business,” said President and Chief Executive Chris Hufnagel.
“This quarter, now our eighth consecutive quarter of growth, is further evidence that our transformation story is also a growth story,” he added.
Wolverine World Wide Increases Full-Year Earnings Forecast
The company raised its fiscal 2026 adjusted earnings per share guidance to between $1.95 and $1.99. The midpoint of $1.97 exceeds the analyst consensus estimate of $1.65.
Annual revenue is now expected to range from $2 billion to $2.01 billion, compared with market expectations of approximately $2 billion.
Wolverine World Wide also forecasts a full-year gross margin of approximately 48.7% and an adjusted operating margin of around 11.8%.
The updated outlook follows eight consecutive quarters of revenue growth, according to the company.