Wolverine Worldwide Reaffirms FY24 Adj EPS Guidance Of $0.65 - $0.85 (Est $0.75) And Cuts Revenue Outlook From $1.70B-$1.75B To $1.68B-$1.73B (Est $1.721B)
Author: Benzinga Newsdesk | May 08, 2024 06:37am
Revenue from ongoing business is now expected to be approximately $1.68 billion to $1.73 billion, which is adjusted for the new licensing model recently announced on May 1 for Merrell and Saucony kids business. This range represents a decline compared to 2023 of approximately 15.7% to 13.2% and constant currency decline of approximately 15.5% and 13.0%.
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