Wolverine World Wide Inc. Reports 11.5% Revenue Growth

By Hao Liu • Thursday, August 07 15:35 • Permanent Link

Wolverine World Wide Inc. has recently released its 10-Q report, providing a detailed look at its financial performance and operations. The company operates through Active Group and Work Group segments, offering a wide range of footwear, apparel, and accessories under various brands. The company's strategic vision is to build and grow high-energy footwear, apparel, and accessories brands that inspire and empower consumers to explore and enjoy their active lives. Wolverine World Wide's brands are marketed in approximately 170 countries and territories, and it operates 121 retail stores in the U.S., United Kingdom, Ireland, and Italy, along with 39 direct-to-consumer eCommerce sites.

In the second quarter of 2025, the company reported revenue of $474.2 million, representing an 11.5% increase compared to the second quarter of 2024. The gross margin also improved to 47.2% in the second quarter of 2025, compared to 43.1% in the same period of 2024. Diluted earnings per share for the second quarter of 2025 were $0.32, a significant increase from $0.17 per share in the second quarter of 2024. The company declared cash dividends of $0.10 per share in both the second quarters of 2025 and 2024.

In terms of operating activities, the company's cash flow used in operating activities was $39.2 million for the first two quarters of 2025, compared to cash flow used in operating activities of $10.5 million for the first two quarters of 2024. Additionally, the company saw an increase in inventory as of the end of the second quarter of 2025, with a rise of $18.9 million, or 6.4%, compared to the second quarter of 2024.

The reportable segments showed positive performance, with the Active Group's revenue increasing by 16.2% in the second quarter of 2025, driven by strong performances from Saucony and Merrell brands. The Work Group's revenue also saw a 2.4% increase, primarily due to strong performance in the international and U.S. wholesale channels.

Following these announcements, the company's shares moved 2.56%, and are now trading at a price of $27.67. Check out the company's full 10-Q submission here.

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