Wolverine World Wide (WWW) in pivotal point check: Earnings forecast upgrade and Merrell boom trigger stock jump of the shoe manufacturer with a P/E of 13.5!
Reading Time: 2 minutes
Impressive quarterly results: Wolverine exceeds analysts' expectations in Q2 with revenue of $506.4 million and $0.40 EPS. Strong growth of key brands: Merrell reports a revenue increase of 11.1%, while Saucony gains market shares with a 9.9% rise. Optimized annual outlook: Management significantly raises targets for revenue, operating margin, and annual profit. Wolverine World Wide, a leading US manufacturer of running, outdoor, and work shoes with well-known brands such as Merrell, Saucony, Chaco, and Wolverine, generated positive...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
