Wolverine World Wide Sees FY24 Revenues Of $1.71B-$1.73B Vs. $1.73B Estimate (Prior View: $1.68B-$1.73B); Sees Adjusted Diluted EPS Of $0.75-$0.85 Vs. $0.81 Estimate (Prior View: $0.65-$0.85)
Portfolio Pulse from Benzinga Newsdesk
Wolverine World Wide has updated its FY24 revenue guidance to $1.71B-$1.73B, slightly below the $1.73B estimate. The company expects adjusted diluted EPS of $0.75-$0.85, compared to the $0.81 estimate. Other financial metrics, including gross margin, operating margin, and effective tax rate, have also been updated.
August 07, 2024 | 10:38 am
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Wolverine World Wide has updated its FY24 revenue guidance to $1.71B-$1.73B, slightly below the $1.73B estimate. The company expects adjusted diluted EPS of $0.75-$0.85, compared to the $0.81 estimate. Other financial metrics, including gross margin, operating margin, and effective tax rate, have also been updated.
The updated revenue guidance is slightly below the estimate, which could be seen as a negative. However, the adjusted EPS guidance is within the range of estimates, and other financial metrics show improvement. This mixed outlook suggests a neutral short-term impact on the stock price.
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