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Stock impact report

Wolverine Worldwide Sees ‘Early Validation' in Turnaround Efforts as It Reports Better-Than-Expected Q1 [Yahoo! Finance]

Wolverine World Wide, Inc. (WWW) 
Last wolverine world wide, inc. earnings: 4/22 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Analysts Are Optimistic on Crocs Ahead of Q1 Earnings Amid Leadership Changes, Hey Dude Challenges Brooks Achieves Highest Quarterly Results in the Brand's History in Q1 Even though overall sales were down for Wolverine Worldwide in the first quarter of 2024, the company's turnaround efforts seem to be taking hold as president and chief executive officer Chris Hufnagel reported better-than-expected revenue in the period. On Wednesday, the Rockford, Mich.-based company reported that revenues decreased 34 percent in the first quarter to $394.9 million, down from $599.4 million the same time last year. Ongoing total revenue in Q1 – which excludes the impact of sold assets like Keds Sperry and the Wolverine leather business – decreased 24.5 percent to $390.8 million, down from $517.5 million the prior year. While these results are still a marked decrease, Wolverine's performance this quarter is up considering analysts were predicting sales for the period to come in at $363.08 mil Show less Read more
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