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Investing.com - Wolverine World Wide, Inc. (NYSE:WWW) reported second quarter earnings that significantly exceeded analyst expectations, driven by strong revenue growth and record gross margins that helped more than double its adjusted earnings per share YoY.
The footwear and apparel company posted adjusted earnings per share of $0.35 for the quarter ended June 28, 2025, surpassing the analyst estimate of $0.23 by $0.12.
Revenue came in at $474.2 million, well above the consensus estimate of $444 million and representing an 11.6% increase from the same period last year for the company’s ongoing business.
Wolverine’s Active Group led the growth with a 16.2% revenue increase to $355.5 million, with Saucony brand sales surging 41.5% to $144.3 million. The company’s gross margin improved significantly to 47.2%, up 410 basis points from the prior year.
"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."
For the third quarter of 2025, Wolverine expects revenue between $450 million and $460 million, representing growth of approximately 2.1% to 4.4% compared to the third quarter of 2024.
This guidance falls slightly below the analyst consensus of $461.4 million. The company forecasts adjusted earnings per share between $0.28 and $0.32, compared to the consensus estimate of $0.29.
The company noted that it is not providing full-year 2025 guidance due to uncertainty around tariffs and related macroeconomic conditions.
Wolverine has made progress strengthening its balance sheet, reducing net debt by $99 million, or 14.8%, compared to the prior year.
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