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Wolverine World Wide, Inc. 10-Q Filings

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Every 10-Q that Wolverine World Wide, Inc. (WWW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow WWW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WWW filings page.

Rhea-AI Summary

Wolverine World Wide, Inc. reported stronger results for the quarter ended July 4, 2026. Revenue rose to $506.4 million, up 6.8% year over year, driven mainly by Merrell and Saucony within the Active Group. Year-to-date revenue reached $964.0 million, up 8.7%.

Gross margin edged down to 46.5% from 47.2% as higher U.S. tariff costs more than offset pricing and other mitigation efforts. Operating profit increased to $47.3 million, up 16.2%, and diluted EPS grew to $0.37 from $0.32. Operating cash flow improved to $3.4 million year-to-date from an outflow of $39.2 million a year earlier, aided by better inventory management; inventories fell $55.2 million, or 17.0%, versus the prior-year quarter.

Debt totaled $601.1 million, including $550.0 million of 4.000% senior notes due 2029 and $54.0 million drawn on a $600.0 million revolving facility, leaving $522.8 million of capacity. The company maintained its quarterly dividend at $0.10 per share and recorded a $23.3 million environmental remediation reserve related to legacy tannery sites. The Work Group segment softened, with revenue down 1.6% and operating profit down 17.7%.

Rhea-AI Summary

Wolverine World Wide reported stronger first-quarter 2026 results, with revenue of $457.6 million, up 11.0% from 2025, and diluted EPS of $0.24 versus $0.15. Growth was driven mainly by the Active Group, especially Saucony and Merrell, while Work Group was roughly flat and Other declined modestly.

Gross margin held at 47.6% as higher U.S. tariffs were offset by price increases and more full-price selling. Operating profit rose to $33.9 million from $21.0 million, helped by lower environmental and reorganization costs, though advertising, selling and distribution expenses increased.

The company used $83.2 million of cash in operating activities, reflecting higher receivables, lower payables and reduced accrued liabilities, and ended the quarter with $119.6 million of cash and $638.9 million of debt. It maintained a quarterly dividend of $0.10 per share and had $492.9 million of unused capacity under its revolving credit facility.

Rhea-AI Summary

Wolverine World Wide (WWW) reported third‑quarter 2025 results. Revenue was $470.3 million versus $440.2 million a year ago, and diluted EPS was $0.30 versus $0.28. Year‑to‑date revenue reached $1,356.8 million with diluted EPS of $0.76 versus $0.27 last year. Operating profit rose to $39.6 million from $34.7 million, helped by higher gross profit.

The company changed its inventory accounting from LIFO to FIFO in Q3, applied retrospectively. For Q3, the change decreased cost of goods sold by $2.4 million and lifted diluted EPS by $0.02; year‑to‑date EPS increased by $0.03.

By segment and channel in Q3, Active Group delivered $352.8 million (wholesale $255.0 million; direct‑to‑consumer $97.8 million), and Work Group $105.9 million. Cash was $133.9 million and total debt $676.4 million. The company entered a new $600.0 million revolving credit facility maturing in 2030 and remained in covenant compliance. Year‑to‑date operating cash flow was $(6.2) million. The environmental remediation reserve was $33.4 million at quarter‑end.

Rhea-AI Summary

Wolverine World Wide (NYSE: WWW) reported a solid Q2 FY25 turnaround. Revenue rose 11.5% YoY to $474.2 million, driven by 16% growth in the Active Group (Merrell, Saucony, Sweaty Betty) and mid-single-digit gains in Work. Gross profit expanded 22% to $224.0 million and gross margin improved 410 bp to 47.2% as pricing, mix and lower close-out sales offset modest cost inflation. SG&A grew 9% but remained below the sales growth rate; combined with the absence of last year’s $3.2 million impairment charge, operating profit advanced 40% to $40.7 million. Net income attributable to WWW doubled to $26.8 million and diluted EPS climbed to $0.32 from $0.17.

Year-to-date revenue is up 8.1% to $886.5 million and EPS swung to a $0.45 profit versus a $0.01 loss in 1H FY24. Cash used in operations widened to $39.2 million, reflecting a $68.3 million inventory build tied to upcoming peak shipping periods. Inventories ended the quarter at $316.0 million (+6.4% YoY). Total debt fell $106 million YoY to $708.5 million, aided by repayment of revolving credit balances, while shareholders’ equity increased 32% to $357.0 million. The company closed the sale of Sperry, recorded $22 million of China JV proceeds and continues to remediate legacy PFAS liabilities (environmental reserve: $34.8 million).

  • Q2 operating margin: 8.6% vs. 6.8%
  • Interest expense: $8.5 million, down 29%
  • Cash & equivalents: $141.0 million
  • Dividend maintained at $0.10 per share

Management reiterates its focus on gross margin expansion, debt reduction and brand-led growth, but near-term cash flow is pressured by working-capital needs and environmental payments.