News Formal

Wolverine World Wide stock rallies after earnings beat and as it explores alternatives for its Sperry brand

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Shares of Wolverine World Wide Inc. rallied 3.3% in premarket trading Wednesday, after the casual, active and uniform footwear and apparel, with brands...

Shares of Wolverine World Wide Inc. WWW rallied 3.3% in premarket trading Wednesday, after the casual, active and uniform footwear and apparel, with brands including Saucony, Hush Puppies, Sperry and Stride Rite, reported first-quarter earnings that beat expectations and said it was “exploring strategic alternatives” for its Sperry brand. Net income rose to $19.0 million, or 23 cents a share, from $9.7 million, or 12 cents a share, in the year-ago period.

0 million, or 23 cents a share, from $9.7 million, or 12 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 9 cents beat the FactSet consensus of 4 cents. Revenue fell 25.0% to $599.4 million but was above the FactSet consensus of $577.5 million. “We need to focus our efforts and investments on our Active and Work Groups, specifically our growth brands – Merrell, Saucony and Sweaty Betty.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 3. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

WGA strike causes industry-wide economic fallout as shows such as 'Stranger Things' halt production'Stranger Things' and other Hollywood shows halt production as WGA strike enters second week, leaving actors and contractors out of work with no end in sight.
ソース: ABC7 - 🏆 67. / 68 続きを読む »