Wolverine World Wide, Inc. (WWW)

NYSEConsumer DiscretionaryApparel - Footwear & AccessoriesSnapshot 2026-10-23

$20.36-1.55%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Wolverine World Wide, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

-0.0%

+10% or more+5%0%−5%−10% or less

1.85 → 1.85 EPS · FY ending Jan 3, 2028 · 6 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 6 to 6; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q4
Revenue	—	536.76M
EPS	—	0.536
FY 2026 · Annual
Revenue	$1.96B–$1.99B	2B
EPS	—	1.645
Gross margin	About 46.4%	—
Operating margin	About 9.2% 9.5%GAAP About 9.5%non-GAAP	—
FY 2027 · Annual
Revenue	—	2.11B
EPS	—	1.849

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
EPS grows to at least $1.47	A supporting condition in Wolverine World Wide, Inc.'s published investment case. The stated target is >=1.47 USD per share.	Intact	EPS falls below $1.30 in FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Gross margin holds near 46.4%	A primary condition in Wolverine World Wide, Inc.'s published investment case. The stated target is >=46.4%.	Intact	Gross margin falls below 45% in FY26	Gross margin: 46.47% FY2026-Q2; GAAP. Published target: >=46.4%. Target period is not explicitly aligned with this observation. Source published Aug 13, 202646.465245 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 4, 2026 Source: company_financial_results. Reference: 38040e2f-8615-4708-a0d0-6b0e266571bc. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context 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. Delivery assessment Oct 24, 2026
Operating margin improves to at least 9.2%	A primary condition in Wolverine World Wide, Inc.'s published investment case. The stated target is >=9.2%.	Intact	Operating margin falls below 8% in FY26	Operating margin: 9.34% FY2026-Q2; GAAP. Published target: >=9.2%. Target period is not explicitly aligned with this observation. Source published Aug 13, 20269.340442 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 4, 2026 Source: company_financial_results. Reference: 38040e2f-8615-4708-a0d0-6b0e266571bc. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Revenue grows at least 8% annually	A primary condition in Wolverine World Wide, Inc.'s published investment case. The stated target is >=8% YoY.	Intact	YoY revenue growth falls below 8% in FY26	Revenue growth: 6.79% FY2026-Q2; GAAP. Published target: >=8% YoY. Target period is not explicitly aligned with this observation. Source published Aug 13, 20266.790384 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jul 4, 2026 Source: company_financial_results. Reference: 38040e2f-8615-4708-a0d0-6b0e266571bc. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context 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. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2028 · fiscal year ending 2028-01-03 · fmp

FY2028 EPS$1.85

$1.76 → $1.85 · observed estimates

FY2028 revenue$2.11B

$2.09B → $2.11B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2028 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$1.76	$2,093,455,649	6 / 8
2026-07-25	$1.76	$2,093,455,649	6 / 8
2026-07-26	$1.76	$2,093,930,543	6 / 8
2026-07-27	$1.76	$2,093,930,543	6 / 8
2026-07-28	$1.76	$2,093,930,543	6 / 8
2026-07-29	$1.76	$2,093,930,543	6 / 8
2026-07-30	$1.76	$2,093,930,543	6 / 8
2026-07-31	$1.76	$2,093,930,543	6 / 8
2026-08-01	$1.76	$2,093,930,543	6 / 8
2026-08-02	$1.76	$2,093,930,543	6 / 8
2026-08-03	$1.76	$2,093,930,543	6 / 8
2026-08-04	$1.76	$2,093,930,543	6 / 8
2026-08-05	$1.76	$2,093,930,543	6 / 8
2026-08-06	$1.76	$2,093,930,543	6 / 8
2026-08-08	$1.76	$2,093,930,543	6 / 8
2026-08-09	$1.76	$2,093,930,543	6 / 8
2026-08-10	$1.76	$2,093,930,543	6 / 8
2026-08-12	$1.76	$2,093,930,543	6 / 8
2026-08-13	$1.76	$2,093,930,543	6 / 8
2026-08-14	$1.76	$2,093,930,543	6 / 8
2026-08-15	$1.76	$2,093,930,543	6 / 8
2026-08-16	$1.76	$2,093,930,543	6 / 8
2026-08-17	$1.76	$2,093,930,543	6 / 8
2026-08-18	$1.76	$2,093,930,543	6 / 8
2026-08-19	$1.76	$2,093,930,543	6 / 8
2026-08-20	$1.84	$2,113,413,658	6 / 8
2026-08-21	$1.84	$2,113,413,658	6 / 8
2026-08-22	$1.84	$2,113,413,658	6 / 8
2026-08-23	$1.84	$2,113,413,658	6 / 8
2026-08-24	$1.84	$2,113,413,658	6 / 8
2026-08-25	$1.84	$2,113,413,652	6 / 8
2026-08-26	$1.84	$2,113,413,658	6 / 8
2026-08-27	$1.84	$2,113,413,658	6 / 8
2026-08-28	$1.85	$2,113,413,658	6 / 8
2026-08-29	$1.85	$2,113,413,658	6 / 8
2026-08-30	$1.85	$2,113,413,658	6 / 8
2026-08-31	$1.85	$2,113,413,658	6 / 8
2026-09-01	$1.85	$2,113,413,658	6 / 8
2026-09-02	$1.85	$2,113,413,658	6 / 8
2026-09-03	$1.85	$2,113,411,911	6 / 8
2026-09-04	$1.85	$2,113,411,911	6 / 8
2026-09-05	$1.85	$2,113,411,911	6 / 8
2026-09-06	$1.85	$2,113,411,911	6 / 8
2026-09-07	$1.85	$2,113,411,911	6 / 8
2026-09-08	$1.85	$2,113,411,911	6 / 8
2026-09-09	$1.85	$2,113,411,911	6 / 8
2026-09-10	$1.85	$2,113,411,911	6 / 8
2026-09-11	$1.85	$2,113,411,911	6 / 8
2026-09-12	$1.85	$2,113,411,911	6 / 8
2026-09-13	$1.85	$2,113,411,911	6 / 8
2026-09-14	$1.85	$2,113,411,911	6 / 8
2026-09-15	$1.85	$2,113,631,911	6 / 8
2026-09-16	$1.85	$2,113,631,911	6 / 8
2026-09-17	$1.85	$2,113,631,911	6 / 8
2026-09-18	$1.85	$2,113,631,911	6 / 8
2026-09-19	$1.85	$2,113,631,911	6 / 8
2026-09-20	$1.85	$2,113,631,911	6 / 8
2026-09-21	$1.85	$2,113,631,911	6 / 8
2026-09-22	$1.85	$2,113,631,911	6 / 8
2026-09-23	$1.85	$2,113,631,911	6 / 8
2026-09-24	$1.85	$2,113,631,911	6 / 8
2026-09-25	$1.85	$2,113,631,911	6 / 8
2026-09-26	$1.85	$2,113,631,911	6 / 8
2026-09-27	$1.85	$2,113,631,911	6 / 8
2026-09-28	$1.85	$2,113,631,911	6 / 8
2026-09-29	$1.85	$2,113,631,911	6 / 8
2026-09-30	$1.85	$2,113,631,911	6 / 8
2026-10-01	$1.85	$2,113,631,911	6 / 8
2026-10-02	$1.85	$2,113,631,911	6 / 8
2026-10-03	$1.85	$2,113,631,911	6 / 8
2026-10-04	$1.85	$2,113,631,911	6 / 8
2026-10-05	$1.85	$2,113,631,911	6 / 8
2026-10-06	$1.85	$2,113,631,911	6 / 8
2026-10-07	$1.85	$2,113,631,911	6 / 8
2026-10-08	$1.85	$2,113,631,911	6 / 8
2026-10-09	$1.85	$2,113,631,911	6 / 8
2026-10-10	$1.85	$2,113,631,911	6 / 8
2026-10-11	$1.85	$2,113,631,911	6 / 8
2026-10-12	$1.85	$2,113,631,911	6 / 8
2026-10-13	$1.85	$2,113,631,911	6 / 8
2026-10-14	$1.85	$2,113,631,911	6 / 8
2026-10-15	$1.85	$2,113,631,911	6 / 8
2026-10-16	$1.85	$2,113,631,911	6 / 8
2026-10-17	$1.85	$2,113,631,911	6 / 8
2026-10-18	$1.85	$2,113,631,911	6 / 8
2026-10-19	$1.85	$2,113,631,911	6 / 8
2026-10-20	$1.85	$2,113,631,911	6 / 8
2026-10-21	$1.85	$2,113,429,811	6 / 8
2026-10-22	$1.85	$2,113,429,811	6 / 8
2026-10-23	$1.85	$2,113,429,811	6 / 8
2026-10-24	$1.85	$2,113,429,811	6 / 8

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	6	5
2026-06-01	6	5
2026-07-01	6	5
2026-08-01	6	5
2026-09-01	6	5
2026-10-01	6	5

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 6 Buy / Strong Buy · 5 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

EPS grows to at least $1.47Direct metric needs a verified mapping
Gross margin holds near 46.4%Gross margin: 46.47%
Operating margin improves to at least 9.2%Operating margin: 9.34%
Revenue grows at least 8% annuallyRevenue growth: 6.79%

Next proof point

Nov 4, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.9%Typical daily move · historical

Downside history

-47.0%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Wolverine World Wide, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

This is an execution-dependent business with some growth and margin improvement, but it is not yet a steady, profitable compounder because earnings quality is loss-making. The thesis is intact, although confidence is medium and the main priorities show mixed progress.

What's priced into Wolverine World Wide, Inc.

The valuation evidence points to WWW being cheap versus peers, with the market’s expectations below the model’s view; the priced-in tag is justified and fragility is low. The valuation measure recently fell, while the evidence does not identify a specific level of expectations that would remove the business risks.

What the fundamentals likely do

Near-term results show revenue growth and improved operating margin, and management’s full-year guidance calls for further operating-margin expansion. Gross margin has declined, however, and tariff costs remain a pressure despite price increases and cost savings; a recent guidance cut after the August raise would also damage management credibility.

What Wolverine World Wide, Inc. hinges on

Over the next few quarters, the thesis depends on revenue growth continuing and operating-margin gains being delivered without further gross-margin erosion. Guidance credibility is a key swing factor, while results and guidance from NKE, DECK, and CROX may signal whether the sector backdrop is helping or weakening.