Wolverine World Wide is a leading footwear and apparel company known for designing, manufacturing, and marketing a diverse range of branded products
The company specializes in outdoor and work footwear, catering to various consumer segments including outdoor enthusiasts, athletes, and professionals requiring durable and functional footwear. With a portfolio of well-known brands that emphasize performance and style, Wolverine World Wide focuses on innovation and sustainability, ensuring their products meet the evolving needs of customers. The brand is also committed to maintaining strong relationships with their retail partners and expanding their global presence in the competitive footwear market.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at footwear stocks, starting with Wolverine Worldwide (NYSEWWW).
The past six months have been a windfall for Wolverine Worldwide’s shareholders. The company’s stock price has jumped 52.6%, hitting $22.10 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how footwear stocks fared in Q3, starting with Genesco (NYSEGCO).
Footwear, apparel, and accessories retailer Genesco (NYSEGCO)
will be announcing earnings results tomorrow before market open. Here’s what investors should know.
The hottest markets following the Fed's 25 basis point rate cut weren't big tech but the small caps, confirming the sector rotation which began over the summer.
Footwear conglomerate Wolverine Worldwide (NYSEWWW) reported Q3 CY2024 results exceeding the market’s revenue expectations, but sales fell 7% year on year to $440.2 million. The company expects the full year’s revenue to be around $1.74 billion, close to analysts’ estimates. Its non-GAAP profit of $0.29 per share was also 34.2% above analysts’ consensus estimates.
The market will broaden the sustenance of its rally when interest-rate cuts begin to be priced in and investors begin to think about the roadmap, an analyst said.
