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0.000393391030684422 0.000393391030684422 2.3603461841015E-05 0.00275373721479151 0.007081038552321 0.0165224232887489 0.01573564122738 0.0129819040125884
Stock impact report

Wolverine World Wide stock extends gains post pre-announcement [Seeking Alpha]

Wolverine World Wide, Inc. (WWW) 
Last wolverine world wide, inc. earnings: 4/22 06:30 am Check Earnings Report
Company Research Source: Seeking Alpha
Wolverine World Wide stock extends gains post pre-announcementJan. 11, 2023 11:50 AM ETWolverine World Wide, Inc. (WWW)By:Kevin P. CurranSA News EditorJohn Lamparski/Getty Images EntertainmentWolverine World Wide Holdings (NYSE:The stock gained5.26%to over 17%. The weekly surge leaves the stock on a double-digit gain for the beginning of 2023, bouncing back from the worst ever annual plunge for the stock, over 63%, in 2022.The stock jumped sharply on Tuesday after management outlined plans to slim its inventories and increase profits moving forward. Additionally, a preliminary Q4 sales forecast of $665M, edging out the Bloomberg analyst consensus at $658.8M. Inventories are slated to fall $75M sequentially to $805M. As analysts continued to parse the details, the stock continued its upward trend.â??Preannounced Q4 results were not materially worse than feared, and WWW highlighted positive progress on inventory work-down and balance sheet de-leveraging,â? Baird analysts Jonathan Komp Show less Read more
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