Wolverine World Wide, Inc. (WWW)
NYSEConsumer DiscretionaryApparel - Footwear & AccessoriesSnapshot 2026-09-09
$19.59-2.29%
Close 2026-09-09 · 1-day change
NYSEConsumer DiscretionaryApparel - Footwear & AccessoriesSnapshot 2026-09-09
Intact: The reason to own it still holds.
Wolverine World Wide grows revenue about 8-11% yearly. Profit margins stay near 46%. Operating income rises steadily. The company trades cheaper than peers with solid cash flow.
Revenue growth could slow below 8%. Margins may compress from cost pressures. Operating income gains might stall, hurting profits.
The price is about 7% below our fair value near $18. Analysts expect roughly 8% revenue growth. We see room for margin and income improvement beyond consensus.
Breaks if: EPS falls below $1.30 in FY26
Breaks if: Gross margin falls below 45% in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround story with a stable management team. The current thesis state is cautious, as the company has shown mixed financial performance recently while aiming for growth.
The market seems to have a neutral view on WWW's valuation, pricing it as cheap compared to peers. There is a slight expectations gap, indicating that investors may be anticipating modest performance.
Management is focused on revenue growth, which has shown positive results in recent quarters. However, gross profit margins have declined slightly, and the overall financial performance has been neutral, suggesting a need for continued monitoring.
The future of WWW depends on its ability to maintain revenue growth and improve margins while navigating sector headwinds. Key factors include the performance of major competitors and any shifts in inflation that could impact consumer spending.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports a focus on revenue growth. Analysts expect stronger sales performance in the Merrell and Work Group divisions. They also noted that Saucony trends appear more sustainable than previously anticipated.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Focus on improving gross margins through price increases, tariff mitigation, and product cost savings.
Stated as a priority in 4 of last 4 quarters. Gross margin was 47.2% in 2025-Q2 and declined to 46.5% in 2026-Q2 (-70 bps), with 2026 guidance at 46.9% down 40 bps from 2025. Management acknowledges tariff impacts but offsets with price increases and cost savings; trajectory shows mixed progress.
“Gross margin was 46.5% compared to 47.2% in the prior year, reflecting tariffs partially offset by price increases.”
“Gross margin was 47.6% compared to 47.6% prior year, reflecting favorable mix and price increases offset by tariffs.”
“Gross margin increased to 47.0% from 43.6% prior year due to product cost savings and price increases.”
“Management focused on enhancing gross profit margins.”
Breaks if: Operating margin falls below 8% in FY26
Focus on increasing operating income through cost efficiencies and revenue growth.
Breaks if: YoY revenue growth falls below 8% in FY26
Continue to drive revenue growth across key brands and segments, including international and direct-to-consumer channels.
Stated as a priority in 4 of last 4 quarters. Revenue grew from $412.3M in 2025-Q1 to $457.6M in 2026-Q1 (+11.0%) and from $474.2M in 2025-Q2 to $506.4M in 2026-Q2 (+6.8%). Management consistently emphasizes revenue growth and the trajectory is delivering.
“We're executing our strategies, elevating our brands, and driving consistent, profitable growth.”
“The team delivered a solid start to 2026, with first quarter revenue... exceeding our expectations.”
“Our biggest brands are growing around the world, direct-to-consumer continues to improve.”
“Focus on revenue growth remains a priority.”
Over the next 1 to 3 years, WWW's performance will be influenced by its execution on growth strategies and external economic conditions. Not investment advice.