Wolverine raises outlook after delivering $505 million Q3 revenue

Wolverine World Wide (NYSE:WWW) reported third-quarter 2026 revenue of $505.4 million, up 7.5% year over year, while adjusted diluted earnings per share reached $0.79, above the $0.46 analyst consensus and $500 million revenue estimate.

Revenue compared with $470.3 million a year earlier, while net earnings attributable to the company rose to $65.8 million from $25.1 million and reported diluted EPS increased to $0.78 from $0.30.

The company received $35.3 million in refunds, including interest, for tariffs paid under the International Emergency Economic Powers Act, which it said lifted gross and operating margins by approximately 640 basis points each and diluted and adjusted EPS by about $0.31.

Following the announcement, the Wolverine World Wide share price was up 9.39% at $23.99 in premarket trading.

Meanwhile, the Active Group generated $387.8 million in revenue, up 9.9%, while the Work Group rose 0.9% to $106.9 million, and international and direct-to-consumer sales increased 11.7% to $271.2 million and 2.2% to $109.1 million, respectively.

Wolverine now expects 2026 revenue of $2 billion–$2.01 billion and adjusted diluted EPS of $1.95–$1.99, compared with previous ranges of $1.98 billion–$2 billion and $1.55–$1.65, respectively, with the revised earnings outlook including approximately $0.32 per share from tariff refunds.