Q4 2025 Wolverine World Wide Inc Earnings Call Transcript
Key Points
- Wolverine World Wide Inc (WWW) reported a 7% increase in fiscal 2025 revenue compared to 2024, reaching $1.874 billion.
- The company achieved a gross margin of 47.3%, an increase of 300 basis points from the previous year.
- Merrell and Saucony, two of the company's biggest brands, showed strong performance with Merrell growing revenue by 5% in Q4 and Saucony achieving a record year with a 30% increase compared to 2024.
- The company successfully strengthened its balance sheet, reducing net debt by $81 million in 2025.
- Wolverine World Wide Inc (WWW) anticipates continued growth in 2026, with revenue expected to increase by approximately 5.2% at the midpoint of their guidance.
- The Wolverine brand experienced an 11% decline in revenue in Q4, reflecting ongoing challenges in the US marketplace recalibration.
- Sweaty Betty's revenue is expected to decline in low single-digits in 2026 due to the absence of the 53rd week and the ongoing transition of the US business.
- The company faces a $60 million unmitigated impact from higher tariffs in 2026, which is expected to affect gross margins.
- Gross margin for 2026 is projected to decline by 130 basis points compared to 2025 due to higher tariff costs.
- Adjusted diluted earnings per share for 2026 is expected to decrease to a range of $1.05 to $1.00 compared to $1.35 in 2025.
Greetings and welcome to the Wolverine Worldwide Fourth quarter fiscal 2025 earnings call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Jared Filippone, Head of Investor Relations. You may begin.
Good morning and welcome to our fourth quarter fiscal 2025 conference call. On the call today are Chris Hufnagel, President and Chief Executive Officer; and Taryn Miller, Chief Financial Officer. Earlier this morning, we issued a press release announcing our financial results for the fourth quarter and full year 2025 and guidance for fiscal year 2026. The press release is available on many news sites and can be viewed on our corporate website at wolverineworldwide.com.
This morning's press release and comments made during today's earnings call include non-GAAP financial measures. These non-GAAP financial measures, including references to the ongoing business and constant currency revenue growth rates, were
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