Published on 9 May 2024 on Zacks via Yahoo Finance
Wolverine (WWW) Q1 Earnings Meet Estimates, Revenues Dip Y/Y
Wolverine World Wide, Inc. WWW reported first-quarter 2024 results, wherein its top line missed the Zacks Consensus Estimate and the bottom line met the same. Both metrics fell year over year.However, the company is actively working on a turnaround strategy that focuses heavily on its core brands like Merrell and Saucony. This strategy involves a multifaceted approach, including enhancing product offerings, investing in targeted marketing campaigns, and improving global operational efficiencies. By concentrating on these areas, Wolverine aims to build a more robust and resilient business model.In the past three months, shares of this Zacks Rank #1 (Strong Buy) company have gained 40% against the industry’s 11% decline.
Wolverine World Wide, Inc. Price, Consensus and EPS Surprise