Wolverine World Wide Inc

Crocs reported second-quarter revenues of $1.18 billion, up 2.6% year on year and exceeding analysts' expectations by 2.7%, though the stock has fallen 6.8% since the results and trades at $124.38. The quarter was mixed for the casual footwear maker, as it beat analysts' EPS estimates but its EPS guidance for next quarter missed expectations. Among the 7 consumer discretionary footwear stocks tracked, Steven Madden posted the strongest quarter with revenues of $665.9 million, up 19.1% year on year and 4.8% above consensus, while Caleres delivered the weakest performance against estimates, with revenues of $695.5 million, up 5.6% but falling 1% short of expectations. Deckers reported revenues of $1.02 billion, up 5.7% and in line with expectations, and Wolverine Worldwide posted revenues of $506.4 million, up 6.8% and topping estimates by 0.9%. As a group, the 7 footwear stocks beat consensus revenue estimates by 1.3%, yet their share prices have declined 3.8% on average since the latest earnings results.

Wolverine World Wide lifted its fiscal 2026 guidance for revenues, margins, earnings and cash flow after second-quarter results beat expectations. Revenue guidance increased to $1.98-$2 billion from $1.96-$1.985 billion, while adjusted earnings guidance rose to $1.55-$1.65 per share from $1.43-$1.58. The company cited stronger marketplace execution, supply-chain efficiencies and operating leverage, with Saucony revenues up 9% in constant currency to $158.6 million and its full-year outlook raised to mid-teens growth. Full-year gross margin guidance increased to approximately 46.9% from 46.4%, and adjusted operating margin guidance moved to about 9.9% from 9.5%. Operating free cash flow guidance increased to $115-$130 million from $105-$120 million.