Wolverine World Wide, Inc. (WWW) AI Stock Analysis
WWW AI stock analysis summary
AI ResearchWolverine World Wide, Inc. (WWW) is a global designer, manufacturer, and distributor of footwear, apparel, and accessories across brands including Merrell, Saucony, and Wolverine. In FY2025, revenue grew 6.8% to $1.87B with net income reaching $95.8M, continuing into the quarter ended June 30, 2026, with quarterly revenue expansion of 6.8%. The stock trades at a trailing P/E of 15.3x and carries a forward dividend yield of 2.02%.
- Market cap
- $1.62B
- Revenue (TTM)
- $1.95B
- P/E
- 15.3x fwd 9.9x
- 1Y return
- -23.1% S&P 500 16.8%
- Avg. target
- $24.30 22.8% vs last close
Bull case
- FY2025 financial performance demonstrated operational recovery as revenue grew 6.8% to $1.87B and gross margin widened to 47.0%.
- The stock trades at a forward P/E of 9.9x, representing a discount to the median of its US-listed Consumer Cyclical peers of 14.1x.
- Wolverine World Wide has beaten EPS estimates in each of the last 4 quarters and is projected to deliver 21.9% EPS growth in FY2026.
Bear case
- The company carries significant leverage with total debt of $745.4M and net debt of $586.9M against cash of $158.5M as of June 30, 2026.
- Long-term revenue expansion has remained muted, evidenced by a 5-year revenue CAGR of just 0.9% from FY2020 to FY2025.
- Over the past 1-year and 5-year periods, the stock returned -23.1% and -26.9%, substantially lagging the S&P 500 returns of 16.8% and 83.0%.
What Wolverine World Wide does
Wolverine World Wide, Inc. designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories globally. Operating through its Wolverine Michigan Group and Wolverine Boston Group segments, the company offers casual footwear, performance outdoor and athletic gear, kids' footwear, industrial work boots, and uniform shoes. Its portfolio includes brands such as Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Sweaty Betty, Wolverine, and Stride Rite. Distribution channels include department stores, specialty retailers, national chains, independent outlets, government entities, 143 retail locations, and 65 consumer-direct eCommerce sites as of January 1, 2022.
Growth and profitability
Over recent fiscal years, Wolverine World Wide experienced revenue volatility, peaking at $2.68B in FY2022 before contracting 16.5% in FY2023 and 21.8% in FY2024 to $1.75B. Operating results shifted from an operating margin of -7.8% and net income of -$188.3M in FY2022 to positive net income of $47.9M in FY2024. In FY2025, revenue rebounded 6.8% to $1.87B, with gross margin expanding to 47.0%, operating margin reaching 8.0%, and net income climbing to $95.8M. Over the 5-year period from FY2020 to FY2025, revenue CAGR was 0.9%. For the latest quarter ended June 30, 2026, quarterly revenue grew 6.8% year-over-year while quarterly earnings expanded 15.9%.
Balance sheet and cash flow
As of June 30, 2026, Wolverine World Wide held $158.5M in cash and short-term investments against total debt of $745.4M, resulting in net debt of $586.9M. The company reported shareholders' equity of $449.2M, total assets of $1.71B, a current ratio of 1.55, and a debt-to-equity ratio of 1.66. In FY2025, operating cash flow was $136.1M and free cash flow stood at $121.6M. Capital allocation in FY2025 included $14.5M in capital expenditures, $14.5M in share buybacks, and $33.3M in dividends paid.
Valuation and performance
At a last close of $19.79 on October 16, 2026, Wolverine World Wide trades at a trailing P/E of 15.3x and a forward P/E of 9.9x, both below the median of its US-listed Consumer Cyclical peers at 18.0x and 14.1x, respectively. Its enterprise value to EBITDA ratio of 11.0x aligns closely with the peer median of 11.1x, while price-to-sales stands at 0.8x compared to the peer median of 0.7x. Over the past year, the stock returned -23.1%, trailing the S&P 500 return of 16.8%. Over five years, the shares fell 26.9% versus an 83.0% gain for the benchmark.
WWW dividend
Wolverine World Wide pays a quarterly dividend with an annualized forward payout of $0.40, representing a dividend yield of 2.02%. The payout ratio is 27.4%, and the company has maintained consecutive dividend payments for 39 years. Its annualized 5-year dividend growth rate is 0.0%, and the last ex-dividend date was October 1, 2026.
What analysts expect
Wall Street coverage consists of 5 Strong Buy, 1 Buy, and 5 Hold ratings, with 0 Sell or Strong Sell ratings. The mean price target of $24.30 implies 22.8% upside compared to the last close of $19.79. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $2.00B and EPS of $1.65, representing 21.9% earnings growth. Wolverine World Wide beat EPS estimates in all 4 of the last 4 quarters, and its next earnings date is November 4, 2026.
Key risks and what to watch
- A debt-to-equity ratio of 1.66 highlights high balance sheet leverage relative to shareholders' equity of $449.2M.
- Short interest stands elevated at 12.3% of the float, reflecting market skepticism.
- A beta of 1.70 indicates the stock exhibits higher price volatility than the broader equity market.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this WWW AI stock analysis
This page is an AI-written research summary of Wolverine World Wide, Inc. (WWW). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: WWW income statement, WWW balance sheet, WWW key metrics, WWW analyst forecast, WWW chart. See the WWW stock overview for the latest quote and news.
WWW AI stock analysis FAQ
Does Wolverine World Wide pay a dividend?
Yes, Wolverine World Wide pays an annual forward dividend of $0.40 per share, which yields 2.02%. It has paid dividends for 39 consecutive years with a payout ratio of 27.4%.
What is Wolverine World Wide's valuation compared to peers?
The stock trades at a trailing P/E of 15.3x and a forward P/E of 9.9x. These multiples are lower than the median of its US-listed Consumer Cyclical peers, which sit at 18.0x and 14.1x, respectively.
How much debt does Wolverine World Wide have?
As of June 30, 2026, the company held $745.4M in total debt and $158.5M in cash, leaving net debt at $586.9M. Its debt-to-equity ratio stood at 1.66.
When does Wolverine World Wide report earnings next?
The company's next earnings report is scheduled for November 4, 2026. For the current fiscal year ending December 31, 2026, analysts estimate EPS of $1.65 and revenue of $2.00B.