Previous close | 11.42 |
Open | 11.92 |
Bid | 12.68 x 800 |
Ask | 12.65 x 900 |
Day's range | 11.65 - 13.20 |
52-week range | 7.21 - 17.85 |
Volume | |
Avg. volume | 857,863 |
Market cap | 1.018B |
Beta (5Y monthly) | 1.77 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 0.40 (3.50%) |
Ex-dividend date | 01 July 2024 |
1y target est | N/A |
Record Gross Margin Highlights Strong Start to 2024 Despite Revenue Decline
Wolverine (WWW) delivered earnings and revenue surprises of 0% and 9.60%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Footwear conglomerate Wolverine Worldwide (NYSE:WWW) beat analysts' expectations in Q1 CY2024, with revenue down 32% year on year to $394.9 million. On the other hand, the company's full-year revenue guidance of $1.71 billion at the midpoint came in slightly below analysts' estimates. It made a non-GAAP profit of $0.05 per share, down from its profit of $0.09 per share in the same quarter last year.