---
title: "Wolverine World Wide | 8-K: FY2026 Q4 Revenue Misses Estimate at USD 517.5 M"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/277031244.md"
datetime: "2026-02-26T11:34:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277031244.md)
  - [en](https://longbridge.com/en/news/277031244.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277031244.md)
---

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

Revenue: As of FY2026 Q4, the actual value is USD 517.5 M, missing the estimate of USD 538.89 M.

EPS: As of FY2026 Q4, the actual value is USD 0.38, missing the estimate of USD 0.5336.

EBIT: As of FY2026 Q4, the actual value is USD 57.1 M.

### Fourth Quarter 2025 Financial Highlights

#### Segment Revenue

-   Active Group Revenue was $372.7 million.
-   Work Group Revenue was $134.0 million.
-   Other Revenue was $10.8 million.
-   Total Revenue was $517.5 million, an increase of 4.6% year-over-year, or 3.1% in constant currency.

#### Operational Metrics

-   Gross Margin was 47.0%, an increase of 340 basis points from 43.6% in the prior year.
-   Operating Expenses were $194.5 million, a 9.3% increase year-over-year.
-   Operating Margin was 9.4%, an increase of 180 basis points from 7.6% in the prior year.
-   Adjusted Operating Expenses were $186.6 million, an 11.7% increase year-over-year.
-   Adjusted Operating Margin was 11.0%, an increase of 110 basis points from 9.9% in the prior year.
-   Net Earnings attributable to Wolverine World Wide, Inc. were $31.8 million.

### Full Year 2025 Financial Highlights

#### Segment Revenue

-   Active Group Revenue was $1,407.8 million, an increase of 13.0% year-over-year, or 11.7% in constant currency.
-   Work Group Revenue was $422.2 million, a decrease of -7.3% year-over-year, or -7.1% in constant currency.
-   Other Revenue was $44.3 million, a decrease of -17.4% year-over-year, or -15.3% in constant currency.
-   Total Revenue was $1,874.3 million, an increase of 6.8% year-over-year, or 6.0% in constant currency.

#### Operational Metrics

-   Gross Margin was 47.3%, an increase of 300 basis points from 44.3% in the prior year.
-   Operating Expenses were $736.5 million, an 8.2% increase year-over-year.
-   Operating Margin was 8.0%, an increase of 240 basis points from 5.6% in the prior year.
-   Adjusted Gross Margin was 47.3%, an increase of 290 basis points from 44.4% in the prior year.
-   Adjusted Operating Expenses were $717.6 million, a 10.3% increase year-over-year.
-   Adjusted Operating Margin was 9.0%, an increase of 170 basis points from 7.3% in the prior year.
-   Net Earnings attributable to Wolverine World Wide, Inc. were $95.8 million.

### Balance Sheet (as of January 3, 2026)

#### Cash and Cash Equivalents

-   Cash and cash equivalents totaled $206 million, an increase of $54 million or 35.6% compared to December 28, 2024.

#### Inventory

-   Inventory was $274 million, an increase of $26 million or 10.7% compared to December 28, 2024.

#### Net Debt

-   Net Debt was $415 million, a decrease of $81 million or 16.2% compared to December 28, 2024.

### Capital Allocation (Fourth Quarter 2025)

-   Wolverine World Wide, Inc. repurchased approximately 0.9 million shares of its common stock for approximately $15 million.
-   As of January 3, 2026, the Company had approximately $135 million remaining under its stock repurchase authorization.

### Cash Flow (Full Year 2025)

-   Net cash provided by operating activities was $140.0 million.

### Full-Year 2026 Outlook

-   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.
-   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%.
-   The effective tax rate is anticipated to be approximately 18.0%.

### 相關股票

- [Wolverine World Wide (WWW.US)](https://longbridge.com/zh-HK/quote/WWW.US.md)

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