Wolverine Worldwide posts 2025 revenue growth - leatherbiz: Leading ne Leatherbiz

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Wolverine Worldwide posts 2025 revenue growth

27/02/2026
US shoe group Wolverine World Wide has recently reported a strong finish to fiscal 2025, with total revenue for the year rising to $1.874 billion, up 6.8% from $1.755 billion in 2024. 

Active Group sales grew 13% to $1.408 billion, driven by Merrell and Saucony, while Work Group revenue declined 7.3% to $422.2 million. Direct-to-consumer sales were slightly down at $475.5 million, compared with $483.9 million the previous year.

The company’s gross margin improved to 47.3% from 44.3% in 2024, supported by product cost savings, a shift towards full-price sales, and recent price increases. Adjusted operating margin rose to 9.0%, and adjusted diluted earnings per share increased 53.4% to $1.35. Cash and cash equivalents reached $206 million, up 35.6%, while net debt fell to $415 million.

For fiscal 2026, Wolverine Worldwide expects revenue between $1.960 billion and $1.985 billion, gross margin around 46%, and adjusted operating margin near 9.1%. Adjusted diluted earnings per share are forecast between $1.35 and $1.50.

Chris Hufnagel, president and CEO, said the company is progressing in its brand-building strategy, with improved direct-to-consumer performance and earnings growth.


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