Financial

Wolverine Worldwide’s profitability will be impacted by inventory reductions

By 2023-01-12T09:31:00

WOLVERINE-WORLDWIDE-INC.1

Wolverine Worldwide reduced its Q4 inventory total from the prior quarter by 8.5 percent to $805 million, but the effort is forecast to weigh negatively on the company’s FY22 and Q4 adjusted diluted earnings. Wolverine says final earning results, when reported next month, will be at the low end of ...

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