{"id":46952,"date":"2023-08-10T18:22:58","date_gmt":"2023-08-10T22:22:58","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/wolverine-world-wide-stock-slides-after-shoe-maker-cuts-profit-view-and-names-new-ceo\/"},"modified":"2023-08-10T18:23:00","modified_gmt":"2023-08-10T22:23:00","slug":"wolverine-world-wide-stock-slides-after-shoe-maker-cuts-profit-view-and-names-new-ceo","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=46952","title":{"rendered":"Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO"},"content":{"rendered":"
\n

Wolverine World Wide Inc.
\n WWW,
\n -25.68%<\/bg-quote>
\n stock was down 30.5% in premarket trades on Thursday after the shoe and sneaker maker cut its adjusted 2023 profit forecast to 45 cents to 55 cents a share, well below the FactSet consensus of $1.42 a share. The company\u2019s outlook includes about 11 cents a share negative impact from foreign currency exchange rate fluctuations. \u201cThe trading environment is challenging, especially in global wholesale channels where order demand has slowed as retailers manage their businesses more cautiously,\u201d said the maker of Merrell, Saucony, Sperry, Hush Puppies and Stride Rite footwear. Wolverine also said its president Christopher E. Hufnagel would become chief executive officer effective immediately to succeed Brendan L. Hoffman, who is no longer with the company. Wolverine\u2019s second-quarter profit fell to $24 million, or 30 cents a share, from $124.6 million, or $1.53 a share, in the year-ago quarter. Adjusted profit of 19 cents a share matched the FactSet consensus forecast. Revenue fell 17% to $589.1 million, ahead of the analyst estimate of $583 million. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Wolverine World Wide Inc. WWW, -25.68% stock was down 30.5% in premarket trades on Thursday after the shoe and sneaker maker cut its adjusted 2023 profit forecast to 45 cents to 55 cents a share, well below the FactSet consensus of $1.42 a share. The company\u2019s outlook includes about 11 cents a share negative impact […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-46952","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nWolverine World Wide stock slides after shoe maker cuts profit view and names new CEO | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Wolverine World Wide Inc. WWW, -25.68% stock was down 30.5% in premarket trades on Thursday after the shoe and sneaker maker cut its adjusted 2023 profit\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=46952\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Wolverine World Wide Inc. WWW, -25.68% stock was down 30.5% in premarket trades on Thursday after the shoe and sneaker maker cut its adjusted 2023 profit\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=46952\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-10T22:22:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-10T22:23:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/MW-GP644_MicroS_ZG_20180906154215.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=46952#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=46952\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO\",\"datePublished\":\"2023-08-10T22:22:58+00:00\",\"dateModified\":\"2023-08-10T22:23:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=46952\"},\"wordCount\":180,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=46952#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=46952\",\"url\":\"https:\/\/ifintechworld.com\/?p=46952\",\"name\":\"Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-08-10T22:22:58+00:00\",\"dateModified\":\"2023-08-10T22:23:00+00:00\",\"description\":\"Wolverine World Wide Inc. WWW, -25.68% stock was down 30.5% in premarket trades on Thursday after the shoe and sneaker maker cut its adjusted 2023 profit\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=46952#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=46952\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=46952#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO | iFintechWorld","description":"Wolverine World Wide Inc. WWW, -25.68% stock was down 30.5% in premarket trades on Thursday after the shoe and sneaker maker cut its adjusted 2023 profit","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=46952","og_locale":"en_US","og_type":"article","og_title":"Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO | iFintechWorld","og_description":"Wolverine World Wide Inc. WWW, -25.68% stock was down 30.5% in premarket trades on Thursday after the shoe and sneaker maker cut its adjusted 2023 profit","og_url":"https:\/\/ifintechworld.com\/?p=46952","og_site_name":"iFintechWorld","article_published_time":"2023-08-10T22:22:58+00:00","article_modified_time":"2023-08-10T22:23:00+00:00","og_image":[{"width":1320,"height":742,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/MW-GP644_MicroS_ZG_20180906154215.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=46952#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=46952"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO","datePublished":"2023-08-10T22:22:58+00:00","dateModified":"2023-08-10T22:23:00+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=46952"},"wordCount":180,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=46952#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=46952","url":"https:\/\/ifintechworld.com\/?p=46952","name":"Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-08-10T22:22:58+00:00","dateModified":"2023-08-10T22:23:00+00:00","description":"Wolverine World Wide Inc. WWW, -25.68% stock was down 30.5% in premarket trades on Thursday after the shoe and sneaker maker cut its adjusted 2023 profit","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=46952#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=46952"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=46952#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Wolverine World Wide stock slides after shoe maker cuts profit view and names new CEO"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/46952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46952"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/46952\/revisions"}],"predecessor-version":[{"id":46953,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/46952\/revisions\/46953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/1383"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}