Wolverine World Wide's Saucony running shoes gaining in popularity - analyst [Seeking Alpha]
Wolverine World Wide, Inc. (WWW)
Last wolverine world wide, inc. earnings: 4/22 06:30 am
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wolverineworldwide.gcs-web.com/investor-relations
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Source: Seeking Alpha
in specialty running stores, Williams has become more constructive of parent company Wolverine World Wide ( NYSE: WWW ) and upgraded the stock to Hold from Sell. The firm also raised its price objective by 47% to $11 which is nearly unchanged from the stock's current price. Shares are up 5% on Thursday. Based on recent trends, retailers are adding more orders of the retro products for fall which leads Williams to think Wolverine will beat FY24 sales projections. Williams anticipates Saucony sales to be down ~15% for the year, as compared to its prior expectation of down ~22%. The most recent estimates are for Wolverine's Q1 revenue to decrease in the mid-30% range and FY24 revenue to decrease in the low 20% range. Wolverine World Wide reports Q1 results before the open on May 8, expected to break even on a non-GAAP basis on $361.6M in revenue. Analysts are neutral on the stock with Seeking Alpha authors , Wall Street analysts, and Seeking Alpha's Quant rating all viewing Wol
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WWW
Earnings
- 5/8/24 - Beat
WWW
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 3
- 5/14/24 - Form 144
- WWW's page on the SEC website