Wolverine World Wide has reported Q3 revenue of $440.2 million, down 16.6 per cent YoY, with gross margin up 450 basis points to 45.3 per cent.
Net debt fell to $563 million.
For FY2024, the company projects revenue of $1.730-$1.745 billion, with a gross margin of 44.5 per cent and adjusted EPS between $0.80 and $0.90.
Inventory is expected to decline by $85 million.
Net debt fell to $563 million.
For FY2024, the company projects revenue of $1.730-$1.745 billion, with a gross margin of 44.5 per cent and adjusted EPS between $0.80 and $0.90.
Inventory is expected to decline by $85 million.
