WWW Stock Recent News

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its third quarter fiscal 2023 financial results on Thursday, November 9, 2023, at approximately 6:30 a.m. ET. Following the press release, the Company will host a conference call at 8:30 a.m. ET to review results and discuss current business trends. Investors and analysts interested in joining the call are invited to dial 1-877-407-4018 (international callers, please dial 1-201-689.

Wolverine (WWW) has been progressing well on its strategic initiatives. The company also reinforces its presence in the international markets.

Wolverine (WWW) highlighted that the background is challenging, mainly in the global wholesale channels.

Wolverine World Wide, Inc. (NYSE:WWW ) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET Company Participants Alex Wiseman - Vice President of Finance Tom Long - Chairman of the Board Chris Hufnagel - President and Chief Executive Officer Mike Stornant - Executive Vice President and Chief Financial Officer Conference Call Participants Jonathan Komp - Robert W. Baird Jim Duffy - Stifel Nicolaus Sam Poser - Williams Trading Mauricio Serna - UBS Mitch Kummetz - Seaport Global Securities Abbie Zvejnieks - Piper Sandler Operator Greetings.

Sales trends took a surprising turn lower this past quarter. The company announced an immediate change at the CEO spot.

Wolverine World Wide (WWW) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.66 per share a year ago.

Wolverine World Wide Inc. WWW, -2.16% stock was down 30.5% in premarket trades on Thursday after the shoe and sneaker maker cut its adjusted 2023 profit forecast to 45 cents to 55 cents a share, well below the FactSet consensus of $1.42 a share. The company's outlook includes about 11 cents a share negative impact from foreign currency exchange rate fluctuations.

Wolverine's (WWW) second-quarter 2023 earnings results are likely to reflect higher costs. Also, a tough macro backdrop is expected to act as a deterrent.

ROCKFORD, Mich.--(BUSINESS WIRE)--Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its second quarter fiscal 2023 financial results on Thursday, August 10, 2023, at approximately 6:30 a.m. ET. Following the press release, the Company will host a conference call at 8:30 a.m. ET to review results and discuss current business trends. Investors and analysts interested in joining the call are invited to dial 1-877-407-4018 (international callers, please dial 1-201-689.

Wolverine (WWW) is focused on strengthening its direct-to-consumer business. The company also reinforces its presence across international markets.