Wolverine World Wide Earnings: Everything You Must Know Now
Wolverine World Wide Inc. (NYSE:WWW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Wolverine World Wide Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.56% to $0.81 in the quarter versus EPS of $0.64 in the year-earlier quarter.
Revenue: Rose 100.09% to $645.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wolverine World Wide Inc. reported adjusted EPS income of $0.81 per share. By that measure, the company beat the mean analyst estimate of $0.55. It beat the average revenue estimate of $631.52 million.
Quoting Management: “We are exceptionally pleased to be off to such a strong start in 2013, particularly as this represents the first full fiscal quarter that includes our four new lifestyle brands,” said Blake W. Krueger, Chairman and Chief Executive Officer.
Key Stats (on next page)…
Revenue decreased 0.97% from $652.24 million in the previous quarter. EPS increased 68.75% from $0.48 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.57 to a profit $0.39. For the current year, the average estimate has moved down from a profit of $2.86 to a profit of $2.63 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)