By Amira McKee

Shares of Wolverine World Wide jumped after the apparel and footwear company posted guidance for full-year adjusted earnings and revenue that exceeded Wall Street's expectations.

The stock climbed 13% to $20.38 in Thursday morning trading. The shares have gained 31% in the past year.

The owner of the Merrell and Saucony brands anticipates recording full-year adjusted earnings of $1.35 to $1.50 a share and revenue in the range of $1.960 billion to $1.985 billion in 2026. Analysts polled by FactSet are modeling for full-year adjusted earnings of $1.36 a share on revenue of $1.95 billion.

Wolverine World Wide reported a fourth-quarter net income of $31.8 million, or 38 cents a share, compared with $23.1 million, or 28 cents a share, a year earlier.

Adjusted earnings came in at 45 cents a share, beating the 44 cents that analysts polled by FactSet had expected.

Revenue grew 4.6% to $517.5 million, ahead of Wall Street's forecast for $510.7 million.

The top-line gains were driven by 12% growth in the active group segment revenue, and offset by an 11.3% decline in work group revenue.

Write to Amira McKee at amira.mckee@wsj.com

(END) Dow Jones Newswires

February 26, 2026 10:40 ET (15:40 GMT)

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