Wolverine World Wide May See Growth In Q4 2024, But The Stock Still Beds Too Much Optimism, And Remains A Hold
WWWWolverine World Wide(WWW) Seeking Alpha·2024-09-17 16:46
h3ct02 Wolverine World Wide (NYSE:WWW) 2Q24 continued to show a company challenged by significantly lower revenues in wholesale channels. However, the company also provided an improvement in guidance, and there are reasons to believe that the downward trend could revert by 4Q24 or FY25, leading to bank analysts moving the company to overweight. Although I generally like the company's direction and believe that its current results are not as negative as the financial statement figures show, I have diffic ...