Wolverine World Wide, Inc. WWW is anticipated to report a decline in fourth-quarter 2023 earnings. The Zacks Consensus Estimate for revenues is a decrease of 21.7% from the prior-year quarter’s reported figure.

Financial Projections

The Zacks Consensus Estimate for the bottom line has deteriorated from the year-ago period. However, WWW has a trailing four-quarter earnings surprise of around 17%, on average.

For 2023, the Zacks Consensus Estimate for revenues indicates a decrease of 18.1% from the prior-year quarter’s reported figure. The consensus mark for earnings represents a significant decline from the previous year.

Challenges Faced by Wolverine

Wolverine has been encountering difficulties in the outdoor category, coupled with lower demand in the U.S. and European wholesale businesses. The company’s performance has also been adversely affected by increased promotional activities, gray market sales of its Merrell brand, and pricing pressure from private-label brands.

Despite these challenges, Wolverine’s consumer-centric brand development and strategic transformation plan are showing promising results.

Earnings Forecast

The Zacks Model does not conclusively predict an earnings beat for Wolverine this time. The company has an Earnings ESP of -6.30% and carries a Zacks Rank #3.

Competitor Analysis

While Wolverine faces certain headwinds, some of its competitors are likely to perform well this quarter. The Gap, Inc. (GPS), Inter Parfums, Inc. (IPAR), and Costco Wholesale Corporation (COST) are expected to exhibit strong performance.

GPS is forecasted to register a bottom-line increase with an Earnings ESP of +24.44%. IPAR, with an Earnings ESP of +5.71%, is expected to witness a top-line increase. COST, with an Earnings ESP of +1.58%, is likely to see growth in both revenue and earnings.

Financial analysts and industry experts suggest that these competitors have the potential to outperform Wolverine World Wide, Inc. this quarter.

Keep Abreast with the Earnings Calendar

Investors and market enthusiasts are advised to remain updated with the Zacks Earnings Calendar for timely information on upcoming earnings announcements to make informed investment decisions.

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For additional free stock analysis reports and resources:

Costco Wholesale Corporation (COST): Free Stock Analysis Report

The Gap, Inc. (GPS): Free Stock Analysis Report

Wolverine World Wide, Inc. (WWW): Free Stock Analysis Report

Inter Parfums, Inc. (IPAR): Free Stock Analysis Report

For more information and resources for informed investing, visit Zacks Investment Research.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.