Wolverine World Wide (WWW) Q3 Earnings and Revenues Top Estimates

Core Viewpoint - Wolverine World Wide reported quarterly earnings of $0.29 per share, exceeding the Zacks Consensus Estimate of $0.21 per share, and showing significant growth from $0.07 per share a year ago, indicating a strong performance in the footwear sector [1][2]. Financial Performance - The company achieved revenues of $440.2 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.42%, although this represents a decline from $527.7 million in the same quarter last year [2]. - Over the last four quarters, Wolverine has exceeded consensus EPS estimates two times and topped revenue estimates four times [2]. Stock Performance - Wolverine shares have increased approximately 80.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.3% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $490.34 million, and for the current fiscal year, it is $0.85 on revenues of $1.73 billion [7]. - The trend of estimate revisions for Wolverine is mixed, which may change following the recent earnings report [6]. Industry Context - The Shoes and Retail Apparel industry, to which Wolverine belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges ahead [8].