Wolverine Worldwide Cuts FY23 Revenue From Ongoing Business Outlook To $2.19B-$2.20B From $2.26B-$2.28B, Consensus $2.26B
Portfolio Pulse from Benzinga Newsdesk
Wolverine Worldwide has reduced its FY23 revenue forecast for ongoing business from $2.26B-$2.28B to $2.19B-$2.20B. The consensus estimate was $2.26B.
November 09, 2023 | 11:34 am
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NEGATIVE IMPACT
Wolverine Worldwide's reduced FY23 revenue forecast could negatively impact its stock price in the short term.
Wolverine Worldwide has lowered its FY23 revenue forecast, which is 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