Wolverine World Wide Q1 2024 Adj EPS $0.05 Beats $0.01 Estimate, Sales $394.900M Beat $360.426M Estimate
Portfolio Pulse from Benzinga Newsdesk
Wolverine World Wide (NYSE:WWW) reported Q1 2024 adjusted earnings of $0.05 per share, surpassing the $0.01 estimate, with sales of $394.9M beating the $360.426M estimate, despite a 34.12% decrease from last year's $599.4M.
May 08, 2024 | 10:31 am
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Wolverine World Wide reported a significant beat on both earnings and sales estimates for Q1 2024, with adjusted EPS at $0.05 and sales at $394.9M.
The positive earnings and sales beat indicate a strong performance by Wolverine World Wide, likely leading to a positive short-term impact on its stock price. The significant beat on both earnings and sales estimates, despite a year-over-year decrease in sales, suggests operational efficiency and could boost investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100