长沙USDT兑换资金|【唯一TG:@heimifeng8】|长沙白资收U✨谷歌搜索留痕排名,史上最强SEO技术,20年谷歌SEO经验大佬✨Wolverine reports 16% Q3 revenue drop
Jennifer Braun Published
November 7,长沙USDT兑换资金 2025
Wolverine Worldwide announced on Thursday revenue fell 16.6% to $440.2 million for the third quarter ended September 28, 2025, on the back of a double-digit dip across its Saucony and Wolverine brand sales.
The Rockford, Michigan-based footwear and apparel firm said international revenue fell 6.6% to $213.8 million, while direct-to-consumer sales were down 17.7% to $112.4 million.
By brand, Merrell climbed 1.4% to $159.2 million and the company's Sweaty Betty brand was up 3% to $46.3 million during the quarter. Meanwhile, Saucony and Wolverine brand sales declined 10% to $104.8 million, and 12.3% to $49.4 million respectively.
“In the third quarter, we delivered better-than-expected revenue and earnings – led by Merrell and Saucony outpacing our forecast – as we continue to make progress on our plan to turnaround and transform the company for the future,” said Chris Hufnagel, president and chief executive officer of Wolverine Worldwide.
“We drove another quarter of record gross margin and more than doubled earnings versus last year. Today, we’re moving forward with a stronger platform for growth – a rationalized portfolio of authentic brands positioned in attractive categories, a much healthier balance sheet with our restructuring and stabilization efforts largely behind us, and finally, a talented, aligned, and motivated team driving the business each day.”
Looking ahead, Wolverine raised its revenue and earnings guidance for fiscal year 2025. It now expects 2025 revenue to be approximately $1.730 to $1.745 billion, compared to $1.71 to $1.73 billion.
Lastly, it now expects diluted earnings per share in the range of $0.56 to $0.66, compared to the previous outlook in the range of $0.53 to $0.63.