Wolverine World Wide Reports 11.5% Revenue Growth in Q2 2025

Wolverine World Wide, Inc. reported a significant increase in financial performance for the second quarter of 2025, with revenue reaching $474.2 million, an 11.5% rise from $425.2 million in the same quarter of 2024. The company's gross profit also saw a notable increase, climbing to $224.0 million from $183.2 million year-over-year, resulting in a gross margin of 47.2%, up from 43.1%. Net earnings attributable to Wolverine World Wide surged to $26.8 million, or $0.32 per diluted share, compared to $14.2 million, or $0.17 per diluted share, in the prior year quarter.

The company's year-to-date revenue for the first half of 2025 was $886.5 million, an 8.1% increase from $820.1 million in the same period of 2024. This growth was primarily driven by the Active Group segment, which includes brands like Saucony and Merrell, contributing $682.2 million, a 14.5% increase from the previous year. In contrast, the Work Group segment experienced a decline, with revenue falling to $182.3 million, down 6.6% from the prior year. The company attributed the overall revenue growth to increased sales in international markets and a favorable sales mix.

Strategically, Wolverine World Wide has made significant organizational changes, including the divestiture of its Sperry brand and the transition of its Merrell and Saucony businesses in China to a licensing model. These moves are part of the company's broader strategy to streamline operations and focus on core brands. Additionally, the company entered into global multi-year licensing agreements for Merrell and Saucony kids' footwear and apparel, which are expected to enhance brand presence and revenue streams.

Operationally, Wolverine World Wide reported a total of 121 retail stores and 39 direct-to-consumer eCommerce sites as of June 28, 2025, with a focus on expanding its global footprint. The company also noted an increase in inventory levels, which rose by $18.9 million, or 6.4%, compared to the previous year, reflecting preparations for peak shipping periods. The total employee headcount remained stable, supporting ongoing operations and growth initiatives.

Looking ahead, Wolverine World Wide anticipates continued revenue growth driven by its strategic initiatives and brand strength. However, the company remains cautious about potential market risks, including economic conditions and consumer spending patterns. The management emphasized the importance of maintaining operational efficiency and adapting to market trends to sustain profitability in the coming quarters.