Footwear conglomerate Wolverine Worldwide (NYSE: WWW) will be announcing earnings results this Wednesday before the bell. Here’s what to look for.
Wolverine Worldwide beat analysts’ revenue expectations by 5.1% last quarter, reporting revenues of $474.2 million, up 11.5% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Is Wolverine Worldwide a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Wolverine Worldwide’s revenue to grow 5.4% year on year to $463.8 million, a reversal from the 7% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wolverine Worldwide has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Wolverine Worldwide’s peers in the footwear segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Nike delivered year-on-year revenue growth of 1.1%, beating analysts’ expectations by 6.5%, and Crocs reported a revenue decline of 6.2%, topping estimates by 3.3%. Nike traded up 6.5% following the results while Crocs was down 3.6%.
Read our full analysis of Nike’s results here and Crocs’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the footwear stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.4% on average over the last month. Wolverine Worldwide is down 7.7% during the same time and is heading into earnings with an average analyst price target of $33.67 (compared to the current share price of $23.16).
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