WWW Q3 FY26 earnings call: key takeaways

• Revenue of $500.5 million exceeded the high end of our outlook, driven primarily by better than expected performance in the active group (14:38)
• EPS of $0.79 beat the $0.45 consensus (18:09)
• The company raised its full-year outlook for revenue and profitability. (18:09)

Results vs expectations

What changed since last quarter

• Raised full-year revenue outlook to $2.00 billion from $1.98 billion. (20:00)
• Raised full-year EPS outlook to $1.95–$1.99 from $1.55–$1.65. (20:00)
• Lowered Wolverine revenue guidance to a low single-digit decline from flat. (20:00)
• CEO emphasized continued focus on brand building and growth initiatives. (4:20)

Guidance

What analysts pressed on

• Whether tariffs will pressure gross margin next year. (33:14)
• Concerns about the sustainability of DTC growth and its impact on wholesale. (39:58)
• Questions about the long-term margin outlook for 2027. (41:20)

In their words

• Revenue grew to approximately 8%, our strongest quarter of growth this year, led by Saucony and Merrill, which were up 20% and 7% respectively. Christopher Hufnagel (2:43)
• We believe our brands are well positioned, aligned with long-term consumer macro trends. Christopher Hufnagel (2:43)
• We're growing revenue, expanding profitability, and strengthening our balance sheet. Taryn Miller (23:42)