Wolverine Worldwide Cuts FY23 Revenue From Ongoing Business Outlook From $2.53B-$2.58B To $2.26B-$2.28B, Consensus $2.51B
Portfolio Pulse from Benzinga Newsdesk
Wolverine Worldwide has reduced its FY23 revenue outlook for ongoing business from $2.53B-$2.58B to $2.26B-$2.28B, against a consensus of $2.51B.
August 10, 2023 | 10:37 am
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NEGATIVE IMPACT
Wolverine Worldwide's reduced FY23 revenue outlook may negatively impact its stock price in the short term.
Wolverine Worldwide has cut its FY23 revenue outlook for ongoing business, which is now below the consensus estimate. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100