Wolverine World Wide (WWW) Tops Q2 EPS by 19c

Wolverine World Wide (NYSE: WWW) reported Q2 EPS of $0.67, $0.19 better than the analyst estimate of $0.48. Revenue for the quarter came in at $631.9 million versus the consensus estimate of $567.26 million.

GUIDANCE:

Wolverine World Wide sees FY2021 EPS of $2.20-$2.30, versus the consensus of $2.12. Wolverine World Wide sees FY2021 revenue of $2.34-2.4 billion, versus the consensus of $2.29 billion.

• For the full 2021 fiscal year, the Company now expects revenue in the range of $2,340 million to $2,400 million, growth of 31% to 34% versus the prior year, up $150 million from our original outlook in February. This revenue outlook represents growth of 5.6% over 2019 at the high end of the range. Reported diluted earnings per share are now expected to be in the range of $1.85 to $1.95, and adjusted diluted earnings per share are now expected to be in the range of $2.20 to $2.30.

For earnings history and earnings-related data on Wolverine World Wide (WWW) click here.

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