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Wolverine World Wide Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Wolverine World Wide (NYSE:WWW) Full Year 2023 Results

Key Financial Results

  • Revenue: US$2.24b (down 17% from FY 2022).

  • Net loss: US$39.6m (loss narrowed by 79% from FY 2022).

  • US$0.50 loss per share (improved from US$2.37 loss in FY 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wolverine World Wide Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is expected to decline by 7.8% p.a. on average during the next 3 years, while revenues in the Luxury industry in the US are expected to grow by 7.0%.

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Performance of the American Luxury industry.

The company's shares are up 9.5% from a week ago.

Risk Analysis

Be aware that Wolverine World Wide is showing 2 warning signs in our investment analysis and 1 of those makes us a bit uncomfortable...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.