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Mar 29, 2025
Wolverine Q1 2025 Earnings Report
Reported financial results for the first quarter ended March 29, 2025
Key Takeaways
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.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
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.
Positive Outlook
- Second quarter revenue expected to be between $440 million and $450 million.
- Expected revenue growth of approximately 3.7% to 6.0% compared to Q2 2024 ongoing business.
- Expected constant currency revenue growth of approximately 3.4% to 5.7% compared to Q2 2024 ongoing business.
- Adjusted operating margin expected to be approximately 7.2%, up 90 basis points compared to Q2 2024 ongoing business.
- Adjusted diluted earnings per share expected in the range of $0.19 to $0.24.
Challenges Ahead
- Operating margin expected to be approximately 6.7%, down 10 basis points compared to Q2 2024.
- Diluted earnings per share expected in the range of $0.17 to $0.22.
- Full-year 2025 outlook is not being provided.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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