Wolverine World Wide Q4 Adj. EPS $(0.30) Misses $(0.27) Estimate, Sales $526.70M Beat $513.368M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wolverine World Wide (NYSE:WWW) reported Q4 adjusted EPS of $(0.30), missing estimates by 11.11% and marking a 100% decrease from the previous year. However, sales of $526.70M exceeded estimates by 3%, despite a 20.80% decrease from the previous year.
February 21, 2024 | 11:35 am
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NEGATIVE IMPACT
Wolverine World Wide reported a larger than expected loss per share but exceeded sales estimates in Q4.
The miss on the adjusted EPS estimate by 11.11% and a 100% increase in losses from the previous year are likely to negatively impact investor sentiment in the short term. However, the beat on sales estimates might provide some offsetting positive sentiment. The overall impact is negative due to the significant miss on earnings and the decrease in sales year over year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100