Benzinga | Aug 5, 2020 08:07AM EDT

Recap: Wolverine World Wide Q2 Earnings

Shares of Wolverine World Wide (NYSE:WWW) moved higher by 0.2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 84.62% year over year to $0.08, which beat the estimate of ($0.12).

Revenue of $349,100,000 decreased by 38.60% from the same period last year, which beat the estimate of $318,960,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Aug 05, 2020

Time: 08:30 AM

ET Webcast URL: http://public.viavid.com/player/index.php?id=137078

Recent Stock Performance

Company's 52-week high was at $34.70

Company's 52-week low was at $12.19

Price action over last quarter: Up 38.08%

Company Description

Wolverine World Wide makes a wide range of footwear and apparel that it sells globally through three main divisions. The company sells casual footwear and apparel through its lifestyle group, and it sells performance and athletic apparel through its performance group. Its heritage group consists largely of industrial and work boots and shoes. Company brands include Sperry, Stride Rite, Hush Puppies, Keds, Merrell, and Saucony. The company also licenses brands including Harley-Davidson and Cat. Most company sales are wholesale to third-party retailers, but Wolverine also has some direct-to-consumer exposure and bids for U.S. military contracts. The company sources most of its product from third-party manufacturers in Asia. Wolverine manufactures some products internally.