Wolverine Worldwide has delivered double-digit sales growth in the first quarter of FY26, driven by strong performances from its Saucony and Merrell brands.
The footwear and apparel group reported revenue of $457.6 million for the quarter ended April 4, up 11 per cent from $412.3 million a year earlier.
CEO Chris Hufnagel described the quarter as a “solid start” to the year, with the company exceeding expectations across revenue, gross margin and earnings.
“We’re executing our strategies with pace, navigating a dynamic operating environment by leaning into what we do best – building awesome products, telling amazing stories, and driving the business forward each day,” he said.
The company’s Active Group division continued to lead growth, with revenue increasing 13.7 per cent to $371.6 million. Saucony sales climbed 20.1 per cent to $155.9 million, while Merrell revenue rose 12.7 per cent to $169.7 million.
Its work group segment posted slower growth, with revenue edging up 1.2 per cent to $75.7 million. Revenue from the Wolverine brand declined 2.5 per cent to $36.4 million during the quarter.
Wolverine Worldwide reaffirmed its FY26 revenue guidance of between $1.96 billion and $1.985 billion, while raising its adjusted earnings outlook.