Wolverine World Wide Inc (NYSE:WWW) on Thursday reported better-than-expected second-quarter financial results and raised its FY26 guidance.
Wolverine World Wide reported quarterly earnings of 40 cents per share which beat the analyst consensus estimate of 38 cents per share. The company reported quarterly sales of $506.400 million which beat the analyst consensus estimate of $501.042 million.
Wolverine World Wide raised its FY2026 adjusted EPS guidance from $1.43-$1.58 to $1.55-$1.65 and also increased sales forecast from $1.960 billion-$1.985 billion to $1.980 billion-$2.000 billion.
“Our team delivered another good quarter, ahead of our expectations — led again by Merrell and Saucony — along with more progress in Sweaty Betty and Wolverine,” said Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide. “We’re executing our strategies, elevating our brands, and driving consistent, profitable growth. Based on our strong start to the year and the progress we’re seeing across the business, we’re raising our outlook for 2026.”
Wolverine World Wide shares fell 0.2% to $19.85 in pre-market trading.
These analysts made changes to their price targets on Wolverine World Wide following earnings announcement.
- Baird analyst Jonathan Komp maintained the stock with an Outperform rating and raised the price target from $24 to $26.
- Stifel analyst Peter McGoldrick maintained the stock with a Buy and raised the price target from $25 to $26.
Considering buying WWW stock? Here’s what analysts think:
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