Wolverine Worldwide delivered stronger-than-expected performance in its second quarter, with revenue growth and improved profitability driving gains.
Ongoing business revenue rose by approximately 11.6% year-on‑year to US$474.2 million, comfortably ahead of analyst estimates.
The company’s Active Group was the principal growth driver, with revenue increasing by 16.2% to US$355.5 million.
The Work Group, meanwhile, had modest growth of 2.4% to US$107.5 million, and Other revenue was down 21.7% to US$11.2 million.
Saucony, one of its marquee brands, posted particularly strong growth of 41.5% to US$144.3 million. Merrell had 10.7% growth to US$157.9 million, while Wolverine was down 7.5% to US$37.1 million and Sweaty Betty fell 6.1% to US$41.3 million.
Looking forward, Wolverine Worldwide estimates revenue growth of 2.1-4.4% in the third quarter of the year. However, due to uncertainty around tariffs, there is no full year outlook.
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