Wolverine World Wide Raises Full-Year Revenue Outlook to Up to $2B After Q2 Beat

Wolverine World Wide posted second-quarter adjusted earnings per share of $0.40, beating estimates by $0.02, on revenue of $506.4 million, which topped expectations by roughly $5.1 million and marked an increase in profit from the year-earlier period. On the strength of those results, the company raised its full-year 2026 guidance, now projecting adjusted EPS of $1.55 to $1.65, up from its prior outlook, with GAAP EPS guided to $1.48 to $1.58. The company also lifted its revenue outlook to $1.98 billion to $2.0 billion.

Shares surged as much as 11.3% in premarket trading on August 13 before settling to an approximately 8% gain. Needham raised its price target on the stock citing brand strength, while Stifel reiterated its Buy rating with a $25 price target.