<span item_type="fundamental" item_id="5363a732a8e29d90c6b780493b18e247" counter_id="ST/US/WWW" env="prod"></span><span item_type="announcement" item_id="620340726976481537" env="prod"></span><p>Revenue: As of FY2026 Q4, the actual value is USD 517.5 M, missing the estimate of USD 538.89 M.</p><p>EPS: As of FY2026 Q4, the actual value is USD 0.38, missing the estimate of USD 0.5336.</p><p>EBIT: As of FY2026 Q4, the actual value is USD 57.1 M.</p><p></p><h3>Fourth Quarter 2025 Financial Highlights</h3><h4>Segment Revenue</h4><ul><li>Active Group Revenue was $372.7 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Work Group Revenue was $134.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Other Revenue was $10.8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Total Revenue was $517.5 million, an increase of 4.6% year-over-year, or 3.1% in constant currency.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li>Gross Margin was 47.0%, an increase of 340 basis points from 43.6% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Operating Expenses were $194.5 million, a 9.3% increase year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Operating Margin was 9.4%, an increase of 180 basis points from 7.6% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Adjusted Operating Expenses were $186.6 million, an 11.7% increase year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Adjusted Operating Margin was 11.0%, an increase of 110 basis points from 9.9% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Net Earnings attributable to Wolverine World Wide, Inc. were $31.8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li></ul><h3>Full Year 2025 Financial Highlights</h3><h4>Segment Revenue</h4><ul><li>Active Group Revenue was $1,407.8 million, an increase of 13.0% year-over-year, or 11.7% in constant currency.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Work Group Revenue was $422.2 million, a decrease of -7.3% year-over-year, or -7.1% in constant currency.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Other Revenue was $44.3 million, a decrease of -17.4% year-over-year, or -15.3% in constant currency.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Total Revenue was $1,874.3 million, an increase of 6.8% year-over-year, or 6.0% in constant currency.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li>Gross Margin was 47.3%, an increase of 300 basis points from 44.3% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Operating Expenses were $736.5 million, an 8.2% increase year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Operating Margin was 8.0%, an increase of 240 basis points from 5.6% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Adjusted Gross Margin was 47.3%, an increase of 290 basis points from 44.4% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Adjusted Operating Expenses were $717.6 million, a 10.3% increase year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Adjusted Operating Margin was 9.0%, an increase of 170 basis points from 7.3% in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Net Earnings attributable to Wolverine World Wide, Inc. were $95.8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li></ul><h3>Balance Sheet (as of January 3, 2026)</h3><h4>Cash and Cash Equivalents</h4><ul><li>Cash and cash equivalents totaled $206 million, an increase of $54 million or 35.6% compared to December 28, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li></ul><h4>Inventory</h4><ul><li>Inventory was $274 million, an increase of $26 million or 10.7% compared to December 28, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li></ul><h4>Net Debt</h4><ul><li>Net Debt was $415 million, a decrease of $81 million or 16.2% compared to December 28, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li></ul><h3>Capital Allocation (Fourth Quarter 2025)</h3><ul><li>Wolverine World Wide, Inc. repurchased approximately 0.9 million shares of its common stock for approximately $15 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>As of January 3, 2026, the Company had approximately $135 million remaining under its stock repurchase authorization.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li></ul><h3>Cash Flow (Full Year 2025)</h3><ul><li>Net cash provided by operating activities was $140.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li></ul><h3>Full-Year 2026 Outlook</h3><ul><li>Wolverine World Wide, Inc. expects revenue to be approximately $1.960 billion to $1.985 billion, representing growth of approximately 4.6% to 5.9% compared to 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>Gross margin is projected to be approximately 46.0%, and operating margin is expected to be approximately 8.8%, with an adjusted operating margin of approximately 9.1%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li><li>The effective tax rate is anticipated to be approximately 18.0%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/110471/000162828026011956/earningsrelease2025-q4.htm"></span></li></ul>

Wolverine World Wide | 8-K: FY2026 Q4 Revenue Misses Estimate at USD 517.5 M