Wolverine World Wide, Inc.

NYSE:WWW   4:00:00 PM EDT
10.33
-0.24 (-2.27%)
Other Pre-Announcement

Wolverine Worldwide Reports Third Quarter Results Highlighted By Merrell's Strong Performance

Published: 11/09/2022 12:13 GMT
Wolverine World Wide, Inc. (WWW) - Wolverine Worldwide Reports Third Quarter Results Highlighted by Merrell's Strong Performance.
Qtrly Revenue of $691.4 Million Represents Growth of 8.6% Versus Prior Year and Growth of 12.2% on a Constant Currency Basis.
Qtrly Earnings per Share $0.48.
Qtrly Adjusted Earnings per Share $0.48.
Wolverine World Wide - Expect Revenue Growth of 2% to 6% in Q4 Which Includes a 4% Negative Impact From Foreign Exchange Rate Fluctuations.
Wolverine World Wide - Prioritizing Liquidation of Non-core Inventory Over Coming Months to Improve Our Working Capital Position in 2023.
Sees Q4 Revenue is Expected to Be in Range of $650 Million to $675 Million.
Sees Q4 Loss per Share $0.19 - $0.09.
Sees Q4 Adjusted Loss per Share $0.15 - $0.05.
Q3 Earnings per Share View $0.55, Revenue View $709.7 Million -- Refinitiv Ibes Data (analyst estimates).
Q4 Earnings per Share View $0.47, Revenue View $695.4 Million -- Refinitiv Ibes Data (analyst estimates).