What a brutal six months it’s been for Wolverine Worldwide. The stock has dropped 27.2% and now trades at $12.09, rattling many shareholders. This was partly driven by its softer quarterly results and 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 Q4, starting with Genesco (NYSE:GCO).
Looking back on footwear stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Steven Madden (NASDAQ:SHOO) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Nike (NYSE:NKE) and its peers.
Footwear conglomerate Wolverine Worldwide (NYSE:WWW) announced better-than-expected revenue in Q4 CY2024, with sales up 3% year on year to $494.7 million. On the other hand, the company’s full-year revenue guidance of $1.81 billion at the midpoint came in 2.2% below analysts’ estimates. Its non-GAAP profit of $0.42 per share was in line with analysts’ consensus estimates.
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 (NYSE:WWW).
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 (NYSE:GCO).
Footwear, apparel, and accessories retailer Genesco (NYSE:GCO)
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 (NYSE:WWW) 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.
