Wolverine World Wide Expects FY24 Revenue Of $1.70B-$1.75B Vs. $1.95B Estimate, Projects FY24 Adjusted EPS Of $0.65-$0.85 Vs. $0.85 Estimate
Portfolio Pulse from Benzinga Newsdesk
Wolverine World Wide provided its fiscal year 2024 revenue and adjusted EPS forecasts, which are both below analysts' estimates. The company expects FY24 revenue to be between $1.70 billion and $1.75 billion, compared to the estimated $1.95 billion. Additionally, Wolverine projects its FY24 adjusted EPS to range from $0.65 to $0.85, versus the $0.85 estimate.
February 21, 2024 | 11:38 am
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Wolverine World Wide's FY24 revenue and adjusted EPS forecasts are below analysts' expectations, indicating potential challenges ahead.
The company's projection of lower-than-expected revenue and adjusted EPS for FY24 suggests that Wolverine World Wide may face operational or market challenges. This could lead to negative investor sentiment and a potential decrease in stock price in the short term.
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