Companies

Wolverine Worldwide on upward trajectory, named Company of the Year

Nov 11, 2025 United States

Fresh from being named Company of the Year by Footwear News, the US-based outdoor company announced a solid third quarter, with revenue growing by 6.8% year-on-year

“We delivered a solid quarter with Merrell, Saucony, and Sweaty Betty all exceeding expectations. Our disciplined execution, coupled with another record gross margin quarter, delivered better-than-anticipated earnings per share. While we are pleased with our progress, we recognize there is still more work to do. Our teams remain focused on executing our brand-building model at pace while navigating a dynamic environment”, commented Chris Hufnagel, President and Chief Executive Officer of Wolverine Worldwide.

Third Quarter Results

In the third quarter of the 2025 financial year, the company’s revenue reached 470.3 million US dollars, reflecting a 6.8% increase (or 5.5% on a constant currency basis), as compared to the same period the previous year.

During this period, the Saucony brand led the company’s growth, with revenue increasing by 27.0% (or 24.9% on a constant currency basis) year-on-year to reach 133.1 million US dollars. Another leading brand of the Active Group, Merrell, also recorded a year-on-year revenue growth of 5.1 (or 3.5% on a constant currency basis) to reach 167.3 million US dollars.

The Work Group (which includes the Wolverine brand) and the Other Group are still underperforming, with revenue decreases of 2.9% (or 3.0% on a constant currency basis) and 6.5% (or 4.0% on a constant currency basis), respectively, as compared to the third quarter of 2024.

Wolverine Worldwide saw its gross margin improve to 47.5% in the third quarter of this year, up from 45.1% in the same period a year ago. This was primarily due to the benefit of supply chain cost initiatives, lower promotional activity and the positive impact of recent price increases, although partially offset by the impact of additional US tariffs.

In the three months to the 27^th of September, the company recorded diluted earnings per share of 0.30 US dollars, as compared to 0.28 US dollars in the same quarter of 2024. It also recorded adjusted diluted earnings per share of 0.36 US dollars, as compared to 0.28 US dollars in the same quarter of 2024.

At the end of the period, inventory stood at 293 million US dollars (a year-on-year decrease of approximately 0.7%), and net debt was 543 million US dollars (a year-on-year decrease of approximately 3.6%).

Company Of The Year

Shortly before reporting its third quarter results, Wolverine Worldwide was named 2025 Company of the Year by Footwear News. The company will be recognised at the Footwear News Achievement Awards (FNAA) in New York City on the 3^rd of December.

“During an intense and challenging period for the industry, it’s no easy feat to transform a company. Wolverine Worldwide has reemerged as a formidable player, thanks to a new, more-focused brand-building model that is paying off”, said Footwear News executive editor Katie Abel, emphasising the company’s transformative efforts that have reignited its brand portfolio.

Image Credits: fleetfeet.com

United States Companies Footwear Quarter Results Results Wolverine Worldwide, Inc.