The gross margin expanded to 47.3 per cent and diluted earnings per share more than doubled to $1.14 from $0.55.
Wolverine Worldwide has reported revenue of $1.874 billion in 2025, up 6.8 per cent, led by Active Group growth and strong Saucony performance.
Margins and earnings improved, while cash rose and debt declined.
Fourth-quarter revenue increased 4.6 per cent.
CEO Hufnagel highlighted brand momentum and transformation progress.
The company expects 2026 revenue growth with steady margins.
The company strengthened its balance sheet during the year, ending with cash of $206 million, up 35.6 per cent, and net debt reduced 16.2 per cent to $415 million. Inventory increased 10.7 per cent to $274 million, Wolverine Worldwide said in a press release.
The fourth quarter (Q4) revenue rose 4.6 per cent YoY to $517.5 million, supported by strong Active Group growth, particularly Saucony and Merrell. Active Group revenue increased 12.4 per cent to $372.7 million, while Work Group declined 11.3 per cent to $134 million. Gross margin improved to 47 per cent from 43.6 per cent, reflecting product cost savings, favourable mix and price increases, partly offset by higher US tariffs. Diluted earnings per share climbed to $0.38 from $0.28.
“We exceeded our expectations across all key metrics in the fourth quarter, finishing a solid year for the Company. Our biggest brands are growing around the world, direct-to-consumer (DTC) continues to improve, earnings per share increased meaningfully YoY, and I believe we’re finding our footing where we’ve underperformed,” said Chris Hufnagel, president and chief executive officer of Wolverine Worldwide. “I am pleased with our progress in transforming the company and encouraged by the momentum we have carried into 2026. We’re focused squarely on executing our brand-building model with pace and distinction—building awesome products, telling amazing stories, and driving the business each day.”
Looking ahead, Wolverine Worldwide expects fiscal 2026 revenue of $1.96-1.985 billion, representing growth of 4.6-5.9 per cent YoY. The company anticipates gross margin of about 46 per cent, operating margin of roughly 8.8 per cent and diluted earnings per share between $1.31 and $1.46, signalling continued but measured expansion as brand-driven strategy execution progresses, added the release.
Fibre2Fashion News Desk (SG)
