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Wolverine World Wide, Inc.18.80
+0.45+2.45%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.54BP/E (TTM)
17.57Basic EPS (TTM)
1.07Dividend Yield
0.02%Recent Filings
8-K
Credit facility downsized, extended
Wolverine World Wide amended its credit agreement on September 24, 2025, slashing its revolving facility to $600 million from $800 million while eliminating the term loan A and refinancing its $25 million outstanding balance. Maturity extends to September 24, 2030, with interest tied to SOFR plus margins from 1.25% to 2.25% based on leverage. It fits ongoing capital needs. The next day, it pushed its receivables purchase agreement termination to September 25, 2028. Debt reshaped, but covenants bind tight.
10-Q
Q2 FY2025 results
Wolverine World Wide posted solid Q2 FY2025 results, with revenue climbing 11.5% year-over-year to $474.2 million, fueled by a 16.2% surge in the Active Group from strong Saucony and Merrell sales, while the Work Group edged up 2.4%. Gross margin expanded to 47.2% from 43.1%, thanks to a healthier mix and supply chain efficiencies, driving operating profit to $40.7 million, up 39.9%, and diluted EPS to $0.32 from $0.17. Year-to-date, revenue rose 8.1% to $886.5 million, with operating profit jumping 132.3% to $60.4 million and EPS at $0.45, reconciling cleanly to 80.9 million diluted shares. Cash stood at $141.0 million, total debt at $708.5 million including $135.0 million in revolver borrowings, and free cash flow was negative $50.2 million after $11.0 million capex. The Sperry divestiture closed in January 2024 for $97.4 million cash. Yet environmental remediation lingers as a key risk.
8-K
Q2 revenue surges 11.5%
Wolverine World Wide reported Q2 2025 revenue of $474.2 million, up 11.5% year-over-year, driven by 16.2% growth in the Active Group while the Work Group edged up 2.4%. Gross margin expanded to 47.2%, boosting adjusted operating margin to 9.2% and diluted EPS to $0.35, more than doubling from last year. Inventory rose 6.4% to $316 million, but net debt fell 14.8% to $568 million amid balance sheet gains. Q3 outlook projects $450-460 million revenue and adjusted EPS of $0.28-0.32, yet full-year guidance awaits tariff clarity.
8-K
Board adds retail experts
Wolverine World Wide appointed Cheryl Abel-Hodges and Jack Boyle to its Board of Directors on July 1, 2025, bolstering expertise in merchandising, brand management, and omnichannel retail. Abel-Hodges, CEO of Tommy John since 2023, joins the Audit Committee; Boyle, ex-President of Buying at Fanatics, takes the Compensation and Human Capital Committee seat. Their backgrounds in leading brands through growth will guide Wolverine's consumer focus. New directors get standard non-employee compensation.
10-Q
Q1 FY2025 results
Wolverine World Wide swung to profitability in Q1 FY2025 ended March 29, 2025, with revenue climbing 4.4% year-over-year to $412.3 million, fueled by a 12.7% surge in the Active Group to $326.7 million from strong Saucony and Merrell sales, though the Work Group dipped 17.0% to $74.8 million amid shipment timing and softer demand. Gross margin expanded to 47.3% from 45.9%, lifting operating profit to $19.7 million versus a $3.1 million loss last year, while diluted EPS hit $0.13 from a $0.19 loss, confirmed against 80.8 million shares with no anti-dilution flagged. Cash dipped to $106.5 million with $83.8 million used in operations, yet revolver availability stood at $659.0 million against $710.8 million total debt, including $550.0 million in 4.000% notes due 2029. Sperry divestiture closed January 10, 2024, for $97.4 million cash, streamlining the portfolio. Profitability rebounded sharply.
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