| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 83 | 11.0x | 17.8x | Top tier | |
Growth | 27 | 12.5% | 7.1% | Bottom tier | |
Quality | 76 | 14.6% | 4.5% | Top tier | |
Safety | 59 | 2.5x | 2.6x | Around median | |
Capital Return | 51 | 2.01% | 2.12% | Around median | |
Momentum | 43 | -32.4% | 2.9% | Around median | |
Sentiment | 43 | 8 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Wolverine World Wide manages a portfolio of active footwear and apparel brands, led by Merrell for outdoor activities, Saucony for running and lifestyle footwear, Sweaty Betty for women’s activewear, and Wolverine for work footwear. The company generates revenue through wholesale and direct-to-consumer channels; in Q2 fiscal 2026, wholesale revenue rose 8% in constant currency, while direct-to-consumer revenue remained approximately flat. Merrell and Saucony together accounted for about two-thirds of the company’s business, making their growth the primary driver of financial performance.
In Q2 fiscal 2026, the company reported revenue of $506.4 million, gross profit of $235.3 million, net income of $31.2 million, and earnings per share of $0.37 according to EDGAR filings. Adjusted gross margin was 46.5%, down 70 basis points year over year, while adjusted operating margin increased 80 basis points to 10%, and adjusted earnings per share reached $0.40, up 14%. Reported revenue rose 7%, or 6% in constant currency, with Active Group growing 8% and Work Group declining 2%.
Merrell and Saucony led growth in Q2 fiscal 2026, with their revenues rising 10% and 9%, respectively, while Sweaty Betty revenue declined 3% due to the reset of its U.S. business. The Wolverine brand achieved high-single-digit growth, but the fiscal 2026 outlook still assumes it will remain approximately flat and that Work Group will remain flat compared with fiscal 2025. On a trailing-twelve-month basis in 2026, revenue was $2.0 billion, net income was $149.0 million, and earnings per share were $1.817.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $25.38, between a low target of $20 and a high target of $31, and the average is below the 52-week range high of $32.80 and above its low of $13.47. The “Neutral” consensus and wide target range reflect a balance between the raised fiscal 2026 outlook and improved margins on one hand, and the concentration of growth in Merrell and Saucony, tariff pressures, and weakness in some brands on the other. The data do not include a valid comparable earnings multiple, so the valuation here is based on the target range, the 52-week range, and trailing-twelve-month earnings per share of $1.817 in 2026.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
Revenue reached $506.4 million, up 7% as reported or 6% in constant currency, and exceeded the high end of management’s outlook. Merrell revenue rose 10% and Saucony revenue rose 9%, while Active Group grew 8%. Net income according to EDGAR was approximately $31.2 million, while adjusted earnings per share increased 14% to $0.40.
On August 13, 2026, the company raised its revenue outlook to $1.98–$2.00 billion, compared with the previous range of $1.96–$1.985 billion. It also raised its adjusted earnings per share outlook to $1.55–$1.65, adjusted operating margin to approximately 9.9%, and free operating cash flow to $115–$130 million. The increase was based on first-half performance, momentum at Merrell and Saucony, increased full-price sales, and supply-chain efficiency.
Saucony, together with Merrell, accounts for about two-thirds of Wolverine World Wide’s business, and its revenue rose 9% in Q2 fiscal 2026 on top of 40% growth in the comparable period. Management raised the brand’s fiscal 2026 growth outlook to the mid-teens, supported by Europe and share gains in U.S. specialty running stores. Product drivers include Endorphin Elite 3, Triumph 24, and Hurricane 26, along with Azura, which management expects to be the largest single launch in the brand’s history.
Adjusted gross margin was 46.5% in Q2 fiscal 2026, down 70 basis points due to unmitigated tariff pressure of approximately 310 basis points and a modest shipping impact from higher oil prices. Nevertheless, adjusted operating margin rose 80 basis points to 10% due to revenue growth and expense control. Management raised its fiscal 2026 gross margin outlook to approximately 46.9% and adjusted operating margin to approximately 9.9%, with tariffs remaining an uncertain factor.
Sweaty Betty revenue declined 3% in Q2 fiscal 2026 due to the reset of its U.S. business, despite mid-single-digit growth in its U.K. direct-to-consumer business. Work Group revenue declined 2%, and management expects the group to remain approximately flat during fiscal 2026. The companywide direct-to-consumer channel also remained approximately flat, and Merrell’s direct business declined as spending shifted toward building brand awareness.
The average target is $25.38, within a wide range from $20 to $31, while the 52-week range extends from $13.47 to $32.80. The average target is below the 52-week range high, and the highest target of $31 also does not exceed that high. The “Neutral” consensus indicates that the raised fiscal 2026 outlook and improved operations are offset by concerns about tariffs, growth concentration, and weakness at Sweaty Betty and Work Group.
