Previous close | 0.5000 |
Open | 0.5500 |
Bid | 0.4500 |
Ask | 0.6000 |
Strike | 12.50 |
Expiry date | 2024-05-17 |
Day's range | 0.5500 - 1.0000 |
Contract range | N/A |
Volume | |
Open interest | 3.01k |
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.