Wolverine Worldwide reported strong first-quarter 2025 results, with revenue increasing by 4.4% to $412.3 million and diluted EPS reaching $0.13, a significant improvement from a loss in the prior year. The company saw double-digit growth in Merrell and Saucony brands and a record gross margin performance.
Total revenue for Q1 2025 was $412.3 million, a 4.4% increase year-over-year.
Diluted Earnings Per Share (EPS) was $0.13, compared to a loss of $0.19 in Q1 2024.
Gross margin improved to 47.3% in Q1 2025 from 45.9% in Q1 2024.
Inventory decreased by 23.6% year-over-year to $271 million.
For the second quarter of 2025, Wolverine Worldwide expects continued momentum with revenue between $440 million and $450 million and adjusted diluted EPS between $0.19 and $0.24. The company is not providing full-year guidance due to macroeconomic uncertainty.
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