Wolverine World Wide Q2 Adj EPS $0.19, Inline, Sales $589.10M Beat $579.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wolverine World Wide (NYSE:WWW) reported Q2 adjusted earnings of $0.19 per share, in line with analyst consensus. This is a 71.21% decrease from the same period last year. The company's quarterly sales of $589.10 million beat the analyst consensus estimate of $579.97 million by 1.57%, but this is a 17.45% decrease from the same period last year.
August 10, 2023 | 10:31 am
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Wolverine World Wide's Q2 earnings met expectations but showed a significant YoY decrease. Sales beat estimates but also decreased YoY.
While Wolverine World Wide met Q2 earnings expectations, the significant YoY decrease in both earnings and sales could negatively impact investor sentiment and the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100