Wolverine World Wide, Inc. Q4 FY2025 earnings call

Key managerial messages include: Merrill focused on modernizing and growing, with product launches and marketing plans; Saucony had a record year, with broad-based growth and new product launches; Sweaty Betty reset strategy, showing progress in UK and international distribution; Wolverine made progress in product pipeline and market share, with plans for 2026.

Wolverine Worldwide's product segments showed varied performance. Merrill had 5% revenue growth in the fourth quarter, with full-year high single-digit growth. Saucony saw 24% revenue growth in the fourth quarter, with a 30% increase in 2025. Sweaty Betty had mid-single-digit revenue growth in the fourth quarter. Wolverine's revenue declined 11% in the fourth quarter.

For 2026, revenue is expected to be in the range of $1.96 to $1.985 billion. Active group revenue to increase mid-single digits, work group flat. Merrill to grow mid-single digits with new products. Saucony to drive low to mid-teens growth. Sweaty Betty to decline low single digits. Wolverine to be flat. Tariff impact and other factors considered.

Risks include dynamic trade policy environment, especially tariffs, which could impact margins and financial results.

Q: About Saucony's 2026 outlook, A: Saucony expected low to mid-teens growth, broad-based across performance and lifestyle...; Q: On tariffs, A: Monitoring tariff developments, mitigation strategy unchanged...