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Wolverine (WWW) reported earnings 30 days ago. What's next for the stock?
The most oversold stocks in the consumer discretionary sector present an opportunity to buy into undervalued companies.
The stock price has dropped significantly despite substantially strong operating performance. High inventory levels might affect the business in the short run, but the long-term prospects seem attractive.
Wolverine World Wide Inc. WWW, -1.55% said Thursday it has initiated an undisclosed number of job cuts in an effort expected to generate $30 million of cost savings in 2023. The footwear maker also said it will either sell or license its Keds and Wolverine Leathers businesses.
Wolverine's (WWW) third-quarter 2022 earnings results reflect weak margins. Also, most of the brands' revenues fall on a year-over-year basis.
Wolverine World Wide, Inc. (NYSE:WWW ) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Alex Wiseman - Vice President-Finance Brendan Hoffman - President and Chief Executive Officer Mike Stornant - Executive Vice President and Chief Financial Officer Conference Call Participants Jim Duffy - Stifel Abbie Zvejnieks - Piper Sandler Jonathan Komp - Baird Mitch Kummetz - Seaport Global Jay Sole - UBS Sam Poser - William's Trading Operator Greetings and welcome to the Wolverine World Wide Third Quarter 2022 Earnings Call. At this time all participants are in a listen-only mode.
Sales trends were surprisingly weak this past quarter.
Wolverine (WWW) delivered earnings and revenue surprises of -15.79% and 3.29%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
ROCKFORD, Mich.
Wolverine (WWW) reported earnings 30 days ago. What's next for the stock?