Wolverine: Q1 Earnings Snapshot
By Ap News
Published - May 08, 2024, 06:42 AM ET
Last Updated - May 08, 2024, 06:42 AM EDT
ROCKFORD, Mich. (AP) — ROCKFORD, Mich. (AP) — Wolverine World Wide Inc. (WWW) on Wednesday reported a loss of $14.5 million in its first quarter.
The Rockford, Michigan-based company said it had a loss of 19 cents per share. Earnings, adjusted for non-recurring costs, were 5 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 5 cents per share.
The footwear maker posted revenue of $394.9 million in the period.
