Financial

Wolverine Worldwide lowers outlook as overhaul moves forward

By 2023-11-10T12:05:00

WOLVERINE-WORLDWIDE-INC.1

Wolverine Worldwide’s Q3 results weren’t pretty, but they did exceed Street estimates on several fronts as the Merrell, Saucony, and Sweaty Betty parent moved forward with numerous initiatives aimed at reducing annualized costs by $215 million and turning the company’s fortunes in the right direction again.

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