Slide 1: Investor Presentation | Fourth Quarter 2025
Investor Presentation | Fourth Quarter 2025
Slide 2: Forward-Looking Statements
+ Investor Presentation | 4Q25 Forward-Looking Statements This presentation contains forward-looking statements, including statements regarding the Company's outlook for the first quarter of 2026 and the 2026 fiscal year including, among others: reported and constant currency revenue; reported gross
Slide 3: Company Overview
+ Investor Presentation | 4Q25 Company Overview 3
Slide 4: A Portfolio of Global Performance Brands
+ Investor Presentation | 4Q25 A Portfolio of Global Performance Brands Vision: Make. Every day. Better. $1.87B 9.0% $1.35 +7% Y/Y 2025 Revenue +170 bps Y/Y 2025 Adj. Operating Margin1 +53% Y/Y 2025 Adj. EPS1 BRANDS MARKETS CHANNELS Performance footwear and apparel brands with Global business divers
Slide 5: Brand-Building Model
+ Investor Presentation | 4Q25 Brand-Building Model Our Brand-Building Model is focused on product, storytelling, and driving the business to deliver profitable growth in line with our value creation strategy Awesome Amazing Driving the Awesome Products Storytelling Business Products Amazing Storyte
Slide 6: Key Strategic Advantages
+ Investor Presentation | 4Q25 Key Strategic Advantages AUTHENTIC, INNOVATIVE BRANDS Our brands possess deep authenticity and product design and innovation credibility ATTRACTIVE MARKETS Our brands are positioned in attractive performance categories aligned to consumer macro trends with significant
Slide 7: Strategic Advantages: Authentic, Innovative Brands
+ Investor Presentation | 4Q25 Strategic Advantages: Authentic, Innovative Brands Global outdoor performance Original running brand Premium women’s Original work brand with and lifestyle brand with renowned innovation activewear brand trusted comfort technology Est. 1983 Est. 1898 Est. 1998 Est. 188
Slide 8: Strategic Advantages: Attractive Markets
+ Investor Presentation | 4Q25 Strategic Advantages: Attractive Markets Our brands possess authenticity in attractive performance categories with significant opportunity to expand into broader lifestyle wearing occasions MARKET OPPORTUNITY (Size of circles represents estimated respective global mark
Slide 9: Strategic Advantages: Extensive Global Distribution Network
+ Investor Presentation | 4Q25 Strategic Advantages: Extensive Global Distribution Network Our brands are marketed in approximately 170 countries and territories around the world via a network of compelling direct-to-consumer experiences, leading retailers, and best-in-class distributor partners BRA
Slide 10: Strategic Advantages: Centers of Excellence
+ Investor Presentation | 4Q25 Strategic Advantages: Centers of Excellence Commercial Drivers Insights & creative talent to fuel innovation & storytelling Competitive Advantage Enabler Lean Corporate Functions Creative & PR Insights& In-house In-market expertise Innovation Studio Model & category kn
Slide 11: Shareholder Value Creation Model
+ Investor Presentation | 4Q25 Shareholder Value Creation Model We aspire to deliver top-quartile total shareholder return as follows: FINANCIAL ASPIRATION CAPITAL ALLOCATION RESULTING SHAREHOLDER RETURN Invest in the Business Organic Revenue Growth EPS Growth Mid- to High-Single-Digit Growth Result
Slide 12: Financial Results & Outlook
+ Investor Presentation | 4Q25 Financial Results & Outlook 12
Slide 13: 4Q25 Financial Results
+ Investor Presentation | 4Q25 4Q25 Financial Results Financial results for 2025, and comparable results from 2024, in each case, for our ongoing business exclude the results of the Sperry business, which was sold in January 2024. Tables are provided in the Appendix showing the impact of these adjus
Slide 14: 4Q25 & FY25 Financial Results
+ Investor Presentation | 4Q25 4Q25 & FY25 Financial Results Financial results for ongoing business¹ as of January 3, 2026: 4Q25 FY25 RESULTS2 GUIDANCE3 RESULTS2 GUIDANCE3 Adjusted $517M $1.874B $498M to $513M $1.855B to $1.870B Revenue4 Y/Y: +4.6% // C$5 +3.1% Y/Y: +7.1% // C$5 +6.3% Gross Margin 4
Slide 15: 4Q25 & FY25 Performance
+ Investor Presentation | 4Q25 4Q25 & FY25 Performance Three Months Ended Twelve Months Ended Constant Constant Y/Y Y/Y (in millions) January 3, 2026 December 28, 2024 Currency January 3, 2026 December 28, 2024 Currency Change Change Change2 Change2 Reported Segment Revenue Results: Active Group $37
Slide 16: Multi-Year Improvement in Financial Performance
+ Investor Presentation | 4Q25 Multi-Year Improvement in Financial Performance In 2025, successful execution of our Brand-Building Model aided in delivering better-than-expected results, we continued to improve the health of our balance sheet, and positioned the company for sustained, profitable gro
Slide 17: 1Q26 & FY26 Outlook
+ Investor Presentation | 4Q25 1Q26 & FY26 Outlook 1Q26 FY26 Revenue $445M – $450M $1.960B – $1.985B % Growth rates at the Y/Y: +8.5% // C$1 +5.1% Y/Y: +5.2% // C$1 +4.5% // C$1 & ex- 53rd week2 +5.2% midpoint of the range Approximately Approximately Gross Margin 47.5% 46.0% Adjusted Approximately A
Slide 18: Revenue Performance & Outlook
+ Investor Presentation | 4Q25 Revenue Performance & Outlook Active FY25 Results: 4Q25 Results: $1,408M (+13.0% Y/Y) $373M (+12.4% Y/Y) Work FY25 Results: 4Q25 Results: $422M (-7.3% Y/Y) $134M (-11.3% Y/Y) Group FY26 Outlook2: Grow high-single-digits Y/Y Grow mid-single-digits C$2 Group FY26 Outlook
Slide 19: Appendix
+ Investor Presentation | 4Q25 Appendix 19
Slide 20: Non-GAAP Information
+ Investor Presentation | 4Q25 Non-GAAP Information Measures referred to in this release as “adjusted” financial results and the financial results of the "ongoing business" are non-GAAP measures. Adjusted financial results exclude environmental and other related costs net of recoveries, non-cash imp
Slide 21: Non-GAAP Reconciliations
+ Investor Presentation | 4Q25 Non-GAAP Reconciliations RECONCILIATION OF REPORTED REVENUE TO ADJUSTED REVENUE ON A CONSTANT CURRENCY BASIS* (Unaudited) (In millions) Constant Constant GAAP Basis Foreign GAAP Basis Reported Currency Basis Currency 2025-Q4 Exchange Impact 2024-Q4 Change 2025-Q4 Chang
Slide 22: Non-GAAP Reconciliations
+ Investor Presentation | 4Q25 Non-GAAP Reconciliations RECONCILIATION OF REPORTED REVENUE RECONCILIATION OF REPORTED REVENUE TO ADJUSTED REVENUE* TO ADJUSTED REVENUE EXCLUDING THE 53RD WEEK (Unaudited) (Unaudited) (In millions) (In millions) GAAP Basis Divestiture (1) As Adjusted Reported GAAP Basi
Slide 23: Non-GAAP Reconciliations
+ Investor Presentation | 4Q25 Non-GAAP Reconciliations RECONCILIATION OF REPORTED OPERATING MARGIN TO ADJUSTED OPERATING MARGIN* (Unaudited) (In millions) GAAP Basis Adjustments (1) As Adjusted Operating Profit - Fiscal 2025 Q4 $48.9 $7.9 $56.8 Operating margin 9.4% 11.0% Operating Profit - Fiscal
Slide 24: Non-GAAP Reconciliations
+ Investor Presentation | 4Q25 Non-GAAP Reconciliations RECONCILIATION OF REPORTED OPERATING MARGIN TO ADJUSTED OPERATING MARGIN* (Unaudited) (In millions) GAAP Basis Adjustments (1) Divestiture (2) As Adjusted Operating Profit - Fiscal 2025 $150.2 $18.9 $0.0 $169.1 Operating margin 8.0% 9.0% Operat
Slide 25: Non-GAAP Reconciliations
+ Investor Presentation | 4Q25 Non-GAAP Reconciliations RECONCILIATION OF REPORTED DILUTED EPS TO ADJUSTED DILUTED EPS ON A CONSTANT CURRENCY BASIS* (Unaudited) Foreign As As Adjusted EPS GAAP Basis Adjustments (1) Exchange Adjusted On a Constant Impact Currency Basis EPS - Fiscal 2025 Q4 $0.38 $0.0
Slide 26: Non-GAAP Reconciliations
+ Investor Presentation | 4Q25 Non-GAAP Reconciliations RECONCILIATION OF REPORTED DILUTED EPS TO ADJUSTED DILUTED EPS ON A CONSTANT CURRENCY BASIS* (Unaudited) Foreign GAAP Basis Adjustments (1) Divestiture (2) As Adjusted Exchange As Adjusted EPS On a Impact Constant Currency Basis EPS - Fiscal 20
Slide 27: Non-GAAP Reconciliations
+ Investor Presentation | 4Q25 Non-GAAP Reconciliations 2026 GUIDANCE RECONCILIATION TABLES RECONCILIATION OF REPORTED GUIDANCE TO ADJUSTED GUIDANCE, REPORTED DILUTED EPS GUIDANCE TO ADJUSTED DILUTED EPS GUIDANCE AND SUPPLEMENTAL INFORMATION* (Unaudited) (In millions, except earnings per share) Othe
Slide 28: Non-GAAP Reconciliations
+ Investor Presentation | 4Q25 Non-GAAP Reconciliations 2026 FIRST QUARTER GUIDANCE RECONCILIATION TABLES RECONCILIATION OF REPORTED GUIDANCE TO ADJUSTED GUIDANCE, REPORTED DILUTED EPS GUIDANCE TO ADJUSTED DILUTED EPS GUIDANCE AND SUPPLEMENTAL INFORMATION* (Unaudited) (In millions, except earnings p
Slide 29: Thank You.
Thank You. investor.relations@wwwinc.com