The American shoe and clothing provider Wolverine World Wide Inc. remained on growth course in the second quarter of the 2025 financial year. On Wednesday, the group announced surprisingly strong growth in sales and results.
In the three months before June 28th, the group sales were $ 474.2 million (408.9 million euros). In doing so, he exceeded the level of the same period of the previous year by 11.5 percent. Adjusted to change course changes, the proceeds rose by 10.3 percent.
The growth drivers are the brands Merrell and Saucony
The significant plus owed the group of two -digit sales increases in the main brands Merrell (+10.7 percent) and Saucony (+41.5 percent). These were more than able to compensate for the loss at Wolverine (-7.5 percent) and Sweaty Betty (-6.1 percent).
Thanks to sales growth and an increase in gross margin from 43.1 to 47.2 percent, the operating result rose by $ 39.9 percent to $ 40.7 million. The net profit attributable to the shareholders grew by 88.7 percent to $ 26.8 million (EUR 23.1 million). The diluted profit per share increased from $ 0.32 to $ 0.32, and was even increased by currency from 0.15 to $ 0.34.
CEO and President Chris Hufnagel was extremely satisfied with the recent development. “Our results for the second quarter have exceeded our expectations, so that we have achieved the strongest sales growth for several years,” he said in a statement. “This growth in conjunction with another record gross stroke has contributed to the fact that our profit per share has more than doubled compared to the previous year.”
In the third quarter, sales should continue to increase
The group turnover reached an amount of $ 886.5 million throughout the first half of the year, which corresponded to an increase of 8.1 percent compared to the same period last year. The bottom line was a net profit of $ 37.9 million due to the shareholders, after a loss of $ 0.3 million had to be posted in the first six months of last year.
In view of the continuing uncertainties regarding international customs policy and macroeconomic conditions, management again refrained from submitting forecasts for the entire financial year. For the third quarter, sales growth expects 2.1 to 4.4 percent to $ 450 to $ 460 million. The diluted profit per share is to achieve a height of $ 0.24 to $ 0.28.