Wolverine World Wide Q3 Adj. EPS $0.07, Inline, Sales $527.70M Beat $514.55M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wolverine World Wide (NYSE:WWW) reported Q3 adjusted earnings of $0.07 per share, meeting analyst consensus. This is an 85.11% decrease from the same period last year. Quarterly sales were $527.70 million, beating the analyst consensus of $514.55 million by 2.56%, but marking a 23.68% decrease from last year.
November 09, 2023 | 11:32 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Wolverine World Wide's Q3 earnings met expectations but were significantly lower than last year. Sales exceeded estimates but were also down YoY.
While Wolverine World Wide met Q3 earnings expectations and beat sales estimates, the significant YoY decreases in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100