BOJ keeps interest rates flat, but flags rate hikes on rising inflation, GDP
Investing.com - Wolverine World Wide (NYSE:WWW) reported fourth-quarter earnings on Wednesday that met analyst expectations, while revenue slightly exceeded estimates.
The footwear and apparel company also provided a 2025 outlook that fell short of Wall Street projections.
Wolverine World Wide posted adjusted earnings per share of $0.42 for the fourth quarter, in line with analyst estimates. Revenue came in at $494.7 million, marginally above the consensus forecast of $492.12 million.
The company reported that it achieved its goal of returning to growth in the fourth quarter, marking the completion of its turnaround strategy.
CEO Chris Hufnagel stated, "We exceeded our expectations for revenue and earnings and inflected to growth as a Company – delivering better-than-anticipated results for 2024."
For the full year 2025, Wolverine World Wide forecasts revenue between $1.795 billion and $1.825 billion, representing growth of 2.5% to 4.3% compared to its 2024 ongoing business.
This outlook falls short of the $1.85 billion analysts were expecting. The company projects adjusted earnings per share in the range of $1.05 to $1.20, below the consensus estimate of $1.34.
Wolverine World Wide expects to improve its gross margin to approximately 45.5% in 2025, up 100 basis points from 2024. The company also anticipates an adjusted operating margin of about 8.3%, an increase of 80 basis points compared to 2024.
Despite the softer-than-expected outlook, the stock rose 1.55% following the earnings release, suggesting investors may be focusing on the company’s return to growth and margin improvement plans.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.