Wolverine World Wide Again Slashes FY23 Outlook; Q3 Adj. EPS Meet Estimates

RTTNews | 659 days ago
Stocktwits
Wolverine World Wide Again Slashes FY23 Outlook; Q3 Adj. EPS Meet Estimates

(RTTNews) - While reporting financial results for the third quarter on Thursday, Wolverine World Wide, Inc. (WWW) again slashed its earnings, adjusted earnings and revenue guidance for the full year 2023.

For fiscal 2023, the company now projects earnings in the range of $0.35 to $0.40 per share and adjusted earnings in a range of $0.05 to $0.10 per share on revenues from ongoing business between $2.19 billion and $2.20 billion.

Previously, the company expected earnings in the range of $0.43 to $0.53 per share and adjusted earnings in a range of $0.45 to $0.55 per share on revenues from ongoing business between $2.26 billion and $2.28 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.50 per share on revenues of $2.26 billion for the year. Analysts' estimates typically exclude special items.

For the third quarter, net earnings attributable to the company was plunged to $8.6 million or $0.11 per share from $39.0 million or $0.48 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.07 per share, compared to $0.47 per share in the year-ago quarter.

Revenues for the quarter declined 23.7 percent to $527.7 million from $691.4 million in the same quarter last year. It also decreased 24.7 percent on a constant currency basis.

The Street was looking for earnings of $0.07 per share on revenues of $514.16 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: WWW
Stocktwits
read more
Wolverine World Wide Reaffirms FY23 Outlook - Update

Wolverine World Wide Reaffirms FY23 Outlook - Update

While reporting financial results for the first quarter on Wednesday, Wolverine World Wide, Inc. (WWW) reaffirmed its earnings, adjusted earnings and revenue guidance for the full year 2023.
RTTNews | 842 days ago
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 29 minutes ago
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 3h 32min ago
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 4h 15min ago
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 4h 45min ago
Tools
Kalender Ekonomi
Jam pasar
Suku bunga
Kalender hari libur
Pasar Valas
Forex Volatility
Forex Correlation
Berita Forex
Analisis Forex
COT Data
Likuiditas
Kalkulator Forex
Forex Heat Map
Indikator ekonomi
Komunitas
Komunitas
Sistems
Most Popular Systems
Strategies
Kontes
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviu
Pialang
Perusahaan Prop Trading
VPS Services
Signal Providers
EA Programming Services
Program Afiliasi
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Bursa Kripto
Kursus trading
Pialang
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions
Siaran Pers
Platform
Widget
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2025 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.