Wolverine World Wide May See Growth In Q4 2024, But The Stock Still Beds Too Much Optimism, And Remains A Hold [Seeking Alpha]
Wolverine World Wide, Inc. (WWW)
Last wolverine world wide, inc. earnings: 4/22 06:30 am
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US:NYSE Investor Relations:
wolverineworldwide.gcs-web.com/investor-relations
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Source: Seeking Alpha
Follow Play 10min Summary Wolverine World Wide faces challenges with lower wholesale revenues but shows potential for growth by 4Q24 or FY25, leading to an overweight rating by bank analysts. Despite improvements in inventory and debt reduction, the stock's current price already factors in significant growth, making it a risky investment. The company's guidance for 4Q24 suggests a return to growth, but historical performance and untested new management make consistent growth assumptions uncertain. I maintain a Hold rating on Wolverine due to the stock's embedded growth expectations and the company's mixed track record in achieving substantial growth. h3ct02 Wolverine World Wide ( NYSE: WWW ) 2Q24 continued to show a company challenged by significantly lower revenues in wholesale channels. However, the company also provided an improvement in guidance, and there are reasons to believe that the downward trend could revert by 4Q24 or FY25, leading to bank analysts movin
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News
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WWW
Earnings
- 8/7/24 - Beat
WWW
Sec Filings
- 8/8/24 - Form 10-Q
- 8/7/24 - Form 8-K
- 8/7/24 - Form 8-K
- WWW's page on the SEC website