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Wolverine Worldwide reports 2023 preliminary results

09/01/2024

US shoe group Wolverine World Wide has recently disclosed its preliminary and unaudited financial results for its ongoing business as of December 30, 2023.

As per the report, the company anticipates its reported revenue for the full year and the fourth quarter to be approximately $2.24 billion and $527 million, respectively, a figure that is consistent with its November guidance. It expects full year and fourth-quarter adjusted gross margin to be over 39% and 36%, respectively, which aligns with the previously issued guidance in November.

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