Overview

* Wolverine Q3 revenue of $470.3 mln beats analyst expectations

* Adjusted EPS for Q3 at $0.36, exceeding analyst estimates

* Gross margin improved to 47.5% due to supply chain initiatives and price increases

Outlook

* Company expects 2025 revenue between $1.855 bln and $1.870 bln, up 6.0% to 6.8%

* Wolverine forecasts 2025 gross margin at 47.1%, up 280 basis points

* Company sees 2025 diluted EPS between $1.08 and $1.13

Result Drivers

* BRAND PERFORMANCE - Merrell, Saucony, and Sweaty Betty exceeded expectations, driving revenue growth

* GROSS MARGIN IMPROVEMENT - Supply chain cost initiatives, lower promotional activity, and price increases boosted gross margin

* SEGMENT DECLINES - Work Group and Wolverine brand saw revenue declines, with no detailed explanation provided

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $470.30 $462.96

Revenue mln mln (8

Analysts

)

Q3 Beat $0.36 $0.32 (8

Adjusted Analysts

EPS )

Q3 Gross 47.50%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the footwear peer group is "buy"

* Wall Street's median 12-month price target for Wolverine World Wide Inc ( WWW ) is $34.00, about 35.1% above its November 4 closing price of $22.08

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)