Wolverine World Wide's Investments in Active Brands to Drive Sales, EPS Growth, UBS Says

MT Newswires Live
Aug 08

Wolverine World Wide's (WWW) ongoing investments in Active brands should drive sustainable sales and earnings per share growth, UBS said in a Thursday note.

UBS said Wolverine World Wide's Q3 guidance indicates that tariffs are "fairly manageable" for the company, and its initiatives should drive stronger profitability over time. On Wednesday, Wolverine World Wide said it expects Q3 adjusted diluted EPS of $0.28 to $0.32 on revenue of $450 million to $460 million, with analysts polled by FactSet expecting $0.29 and $461.6 million, respectively.

UBS said it raised its 2025 and 2026 earnings before interest and tax margin forecasts by 20 basis points and 40 basis points, respectively, citing the company's Active brands revenue and higher gross margin profile as well as expected growth from Saucony and Merrell brands.

The firm has a buy rating on the stock with price target raised to $36 from $30.

Price: 27.79, Change: +0.81, Percent Change: +3.00

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