Wolverine World Wide(US:WWW)2026-02-26 11:32Revenue Performance - Fourth quarter total revenue reached $517.5 million, a 4.6% increase year-over-year, with the Active Group segment growing by 12.4% to $372.7 million[4] - Full-year total revenue for 2025 was $1.8743 billion, representing a 6.8% increase compared to 2024, with the Active Group segment up 13.0% to $1.4078 billion[5] - Revenue for Q4 2025 was $517.5 million, a 4.6% increase from $494.7 million in Q4 2024[20] - Fiscal 2025 revenue reported at $1,874.3 million, an increase from $1,755.0 million in Fiscal 2024[38] - Fiscal 2026 revenue guidance is projected between $1,960 million and $1,985 million, with a gross margin of 46.0%[46] Earnings and Profitability - Diluted earnings per share for the fourth quarter increased by 35.7% to $0.38, while full-year diluted earnings per share rose by 107.3% to $1.14[4][5] - Net earnings attributable to Wolverine World Wide, Inc. for the fiscal year 2025 were $95.8 million, compared to $45.2 million in fiscal year 2024[20] - Diluted earnings per share for Q4 2025 were $0.38, an increase from $0.28 in Q4 2024[20] - Operating profit for Q4 2025 increased to $48.9 million, resulting in an operating margin of 9.4%, up from $37.8 million and 7.6% in Q4 2024[20] - Operating profit for Fiscal 2025 was $150.2 million, resulting in an operating margin of 8.0%, up from $97.5 million and 5.6% in Fiscal 2024[43] - Diluted EPS for Fiscal 2025 was $1.14, adjusted to $1.35 after accounting for $0.21 in adjustments[45] - Operating margin guidance for Fiscal 2026 is set at 8.8%, adjusted to 9.1%[46] - Diluted EPS guidance for Fiscal 2026 is projected between $1.31 and $1.46, adjusted to between $1.35 and $1.50[46] - Net earnings for Fiscal 2026 are expected to be between $110 million and $122 million, adjusted to between $114 million and $126 million[46] Cost and Margin Analysis - Gross margin improved to 47.0% in Q4 2025, up from 43.6% in Q4 2024, primarily due to product cost savings and a favorable sales mix[4] - Gross profit for Q4 2025 was $243.4 million, with a gross margin of 47.0%, compared to $215.7 million and 43.6% in Q4 2024[20] - Gross profit for Fiscal 2025 was $886.7 million, with a gross margin of 47.3%, compared to $778.0 million and 44.3% in Fiscal 2024[40] - The projected gross margin for 2026 is approximately 46.0%, a decrease of 130 basis points compared to 2025[13] Financial Position - Cash and cash equivalents increased by 35.6% to $206 million as of January 3, 2026[6] - Total assets as of January 3, 2026, were $1,709.3 million, up from $1,674.4 million as of December 28, 2024[22] - Cash and cash equivalents increased to $206.3 million from $152.1 million year-over-year[22] - Total liabilities decreased to $1,286.2 million from $1,286.3 million year-over-year[22] - Net debt decreased by 16.2% to $415 million, indicating improved financial leverage[8] Shareholder Actions - The company repurchased approximately 0.9 million shares for about $15 million during Q4 2025, with $135 million remaining under its stock repurchase authorization[9] Tax and Other Considerations - The effective tax rate for 2026 is expected to be approximately 18.0%[13] - The company emphasizes the importance of non-GAAP measures for evaluating ongoing business performance and trends[48]