Wolverine World Wide (WWW) Gets a Boot to the Head on Lower Q3 Outlook
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Price: $52.63 -1.16%
Revenue Growth %: +100.1%
Financial Fact:
Revenue: 645.9M
Today's EPS Names:
SFL, RL, PERY, More
Revenue Growth %: +100.1%
Financial Fact:
Revenue: 645.9M
Today's EPS Names:
SFL, RL, PERY, More
Trade WWW Now!
Shares of Wolverine World Wide Inc. (NYSE: WWW) are lower early Thursday following disappointing guidance at the Goldman Sachs 2012 Global Retailing Conference.
The company said they expected third quarter revenue and EPS to fall "modestly below" prior expectations given in July. Prior guidance called for low to mid-single digit revenue growth and flat EPS. The company said Europe is proving to be more challenging than anticipated.
Shares of WWW last traded at $43.70, down 7 percent.
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The company said they expected third quarter revenue and EPS to fall "modestly below" prior expectations given in July. Prior guidance called for low to mid-single digit revenue growth and flat EPS. The company said Europe is proving to be more challenging than anticipated.
Shares of WWW last traded at $43.70, down 7 percent.
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