Wolverine World Wide: Priced For 2x Margins, Mid-Single Digit Growth, Too Optimistic
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Wolverine World Wide, Inc.'s 3Q24 results show improvement in margins but a 7% YoY decline in adjusted revenues. Merrell had a positive quarter, but Saucony and workwear segments struggled. The stock valuation seems optimistic given historical growth and margin challenges.
November 08, 2024 | 8:45 pm
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Wolverine World Wide's 3Q24 results show margin improvement but a 7% YoY revenue decline. Merrell had a positive quarter, but Saucony and workwear segments struggled. The stock valuation appears optimistic given historical challenges.
The article highlights Wolverine's improved margins but declining revenues, with specific challenges in Saucony and workwear segments. Despite Merrell's positive performance, the overall brand struggles make the current stock valuation seem optimistic, suggesting potential downside risk.
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