logo
Plus   Neg
Share
Email

Wolverine World Wide Updates FY19 Outlook - Quick Facts

While reporting financial results for the second quarter, Wolverine World Wide, Inc. (WWW) on Wednesday updated its earnings and revenue guidance for the full year 2019, but within its previously provided guidance range.

For fiscal 2019, the company now projects earnings of about $2.06 per share and adjusted earnings of about $2.28 per share on revenues of about $2.28 billion.

Previously, the company expected earnings in the range of $2.00 to $2.15 per share and adjusted earnings in the range of $2.20 and $2.35 per share on revenues between $2.28 billion and $2.33 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.27 per share on revenues of $2.30 billion for the year. Analysts' estimates typically exclude special items.

"As we look into the second half of the year, we expect to deliver mid-single digit revenue growth driven by strength in Merrell, Sperry and Saucony," said Blake Krueger, Wolverine World Wide's Chairman, CEO and President.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Department of Justice has reached a settlement agreement with a Texas-based Taco Bell franchise owner for immigration-related discrimination against certain employees. The settlement resolves the DOJ's investigation into whether MUY Brands LLC, and a related management company, MUY Consulting Inc., violated the Immigration and Nationality Act. Starbucks is gearing up for the upcoming holiday season by introducing its 2019 holiday flavors in U.S. grocery stores. The launch of the coffee giant's holiday line-up this year includes returning holiday favorites as well as a new item. Customers can now take home products that are making a comeback such as Starbucks Holiday Blend K-Cup and Ground Coffee, Peppermint Mocha Flavored Ground Coffee, Peekay International issued a recall of 7 ounce and 14 ounce packs containing Keshav Dry Apricot food treats as they contain undeclared allergens such as sulfites, according to a statement published by The U.S. Food and Drug Administration. Consumption of the product by those allergic or having severe sensitivity to sulfites could run the risk of serious or life-threatening allergic reactions.
RELATED NEWS
Follow RTT
>