Wolverine's Global Business Gains on Merrell & Saucony Strength
Wolverine World Wide, Inc.’s WWW international momentum is supported by a diversified brand portfolio, extensive distribution capabilities and disciplined marketplace management. The company is building consumer engagement through localized marketing, product innovation and premium positioning. Its combination of owned operations, wholesale relationships and third-party distributors enables Merrell, Saucony and Sweaty Betty to pursue sustainable growth across global markets.
International revenues totaled $277.2 million in second-quarter 2026, increasing 10.9% year over year and 9.6% at constant currency. International markets accounted for 52% of fiscal 2025 revenues. By region, Europe, the Middle East, and Africa (EMEA) represented 32% of revenues, while the Asia-Pacific (APAC), Latin America and Canada contributed 10%, 6% and 4%, respectively.
Merrell’s revenues increased 11.1% to $175.5 million, supported by strong international wholesale performance and healthy sell-through across its core franchises. Saucony’s revenues rose 9.9% to $158.6 million, following 40% growth in the prior-year quarter, as international markets led the brand’s wholesale gains.
Saucony’s key-city strategy is generating brand heat across London, Berlin and Paris, while EMEA sell-through remains strong. Following a Hong Kong store opening, the brand plans activations in Istanbul and Bangkok. Sweaty Betty also achieved growth in U.K. direct-to-consumer (DTC) and international wholesale, with its third-party expansion producing encouraging progress across Europe and APAC.
International strength helped constant-currency wholesale revenues rise 8%, while DTC revenues remained approximately flat. With products sold in nearly 170 countries and territories, Wolverine retains meaningful expansion potential. Encouragingly, management raised its 2026 revenue outlook to $1.98-$2 billion and the adjusted EPS guidance to $1.55-$1.65, reinforcing confidence that healthy overseas demand can sustain the company’s growth trajectory.
WWW’s Price Performance, Valuation & Estimates
Over the past six months, Wolverine’s stock has gained 13.7% against the Zacks Shoes and Retail Apparel industry’s 28.2% decline.
Image Source: Zacks Investment Research
From a valuation standpoint, the company trades at a trailing price-to-sales ratio of 0.80, below the industry’s average of 1.09. It has a Value Score of A.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for WWW’s current and next financial years’ earnings implies year-over-year growth of 22.4% and 13.1%, respectively. Earnings estimates for 2026 and 2027 have been revised upward by 2 cents and 1 cent, respectively, over the past 30 days.
Image Source: Zacks Investment Research
Wolverine currently carries a Zacks Rank #2 (Buy).
Other Key Picks
Genesco Inc. GCO is a Nashville-based specialty retailer and branded company. It sells footwear and accessories through retail stores. The company flaunts a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Genesco’s current fiscal-year earnings indicates growth of 62.1% from the year-ago actuals. GCO delivered a trailing four-quarter average earnings surprise of 11.2%.
Designer Brands Inc. DBI designs, produces and retails footwear and accessories. It offers shoes, boots, sandals, sneakers, socks, handbags and accessories. It currently carries a Zacks Rank #2.
The Zacks Consensus Estimate for Designer Brands’ current fiscal-year earnings and sales suggests growth of 225% and 0.6%, respectively, from the year-ago actuals. DBI delivered a trailing four-quarter average earnings surprise of 108.1%.
FIGS, Inc. FIGS is an apparel company focused on the healthcare industry. Its offerings include lab coats, jackets, footwear, bags, socks and other accessories used by healthcare professionals. The company carries a Zacks Rank #2 at present.
The Zacks Consensus Estimate for FIGS’ current financial-year earnings and sales suggests growth of 89.5% and 19.7%, respectively, from the year-ago actuals. FIGS delivered a trailing four-quarter average earnings surprise of 201.8%.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>Wolverine World Wide, Inc. (WWW) : Free Stock Analysis Report
Genesco Inc. (GCO) : Free Stock Analysis Report
Designer Brands Inc. (DBI) : Free Stock Analysis Report
FIGS, Inc. (FIGS) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
