Wolverine World Wide, Inc. (NYSE:WWW) delivered second-quarter results that surpassed Wall Street expectations, as double-digit revenue growth and record gross margins drove a sharp increase in adjusted earnings.
For the quarter ended June 28, 2025, the footwear and apparel maker reported adjusted earnings per share of $0.35, handily beating the $0.23 consensus estimate. Revenue rose 11.6% year-over-year to $474.2 million, exceeding analyst projections of $444 million for the company’s continuing operations.
The company’s Active Group was the primary growth driver, posting a 16.2% increase in revenue to $355.5 million. Saucony stood out with sales jumping 41.5% to $144.3 million. Gross margin reached 47.2%, up 410 basis points from the prior year, marking a new company record.
“Our second quarter results exceeded our expectations, which led to the strongest revenue growth we’ve seen in several years,” said Chris Hufnagel, President and Chief Executive Officer. “This growth, coupled with another quarter of record gross margin, helped more than double our earnings per share year-over-year.”
Looking ahead, Wolverine anticipates third-quarter revenue in the range of $450 million to $460 million, representing 2.1% to 4.4% growth compared to Q3 2024. The forecast falls slightly below the $461.4 million consensus estimate. Adjusted EPS is projected to land between $0.28 and $0.32, in line with the $0.29 market forecast.
The company reiterated that it would not issue full-year 2025 guidance due to ongoing uncertainty around tariffs and broader macroeconomic conditions.
Wolverine also continued to improve its financial position, reducing net debt by $99 million, or nearly 15%, from the previous year.
Wolverine World Wide stock price
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