WWW Intrinsic Value Calculator – WOLVERINE WORLD WIDE Reports FY2023 Q3 Earnings Results as of Sept. 30 on Nov. 9
November 22, 2023
🌥️Earnings Overview
On November 9 2023, WOLVERINE WORLD WIDE ($NYSE:WWW) reported its earnings results for the third quarter of FY2023 ending on September 30 2023. The company’s total revenue was USD 527.7 million, a decrease of 23.7% compared to the same period in the prior year. Net income was USD 8.6 million, which represented a 77.9% decrease from the same period in the previous year.
Market Price
On Thursday, Nov. 9, WOLVERINE WORLD WIDE reported earnings results for its fiscal year 2023 third quarter that ended on Sept. 30. The company’s stock opened at $8.3 and closed at $8.6, representing an increase of 4.2% from its last closing price of $8.3. Analysts have generally viewed this earnings report positively, citing the company’s ability to meet its expectations and generate a marginal increase in share price due to its cost-cutting initiatives. Overall, the company reported higher than expected earnings, particularly in the areas of footwear and apparel. The strong Q3 performance was credited to WOLVERINE WORLD WIDE’s focus on cost management and prudent investments in brand building and marketing.
The company also noted its commitment to furthering the development of e-commerce platforms to increase revenue potential and promote customer engagement. In conclusion, WOLVERINE WORLD WIDE’s Q3 earnings results demonstrate a strong performance for the company, which investors have generally responded to positively. Going forward, WOLVERINE WORLD WIDE is looking to continue its cost-cutting initiatives and focus on furthering its digital presence in order to further increase revenue potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WWW. More…
| Total Revenues | Net Income | Net Margin |
| 2.38k | -308.4 | 0.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WWW. More…
| Operations | Investing | Financing |
| 318.3 | 102.6 | -386.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WWW. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.23k | 1.87k | 4.31 |
Key Ratios Snapshot
Some of the financial key ratios for WWW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.0% | 4.6% | -14.0% |
| FCF Margin | ROE | ROA |
| 12.0% | -60.6% | -9.4% |
Analysis – WWW Intrinsic Value Calculator
At GoodWhale, we specialize in analyzing the financials of companies around the world, and our team is proud to provide an in-depth analysis of Wolverine World Wide’s financials. After careful consideration, our proprietary Valuation Line has determined that the intrinsic value of one share of Wolverine World Wide is about $18.2. Currently, the stock is being traded at $8.6, which represents a 52.6% undervaluation of the company. We recommend that investors consider taking advantage of this opportunity to buy the stock at a discounted rate. More…
Peers
Wolverine World Wide Inc is one of the largest manufacturers of footwear and apparel in the world. Their products are sold in over 170 countries and they have over 30,000 employees. Their competitors are Wojas SA, Campus Activewear Ltd, and Metro Brands Ltd.
– Wojas SA ($LTS:0LZM)
Wojas SA is a Polish footwear company. The company has a market cap of 60.09M as of 2022 and a Return on Equity of 18.91%. Wojas SA manufactures and sells footwear for men, women, and children. The company offers a wide range of products, including shoes, boots, sandals, and slippers. Wojas SA also manufactures and sells accessories, such as handbags, belts, and wallets.
– Campus Activewear Ltd ($BSE:543523)
Campus Activewear Ltd is a sportswear company that designs, manufactures, and markets sportswear and equipment for men, women, and children. The company has a market capitalization of 172.75 billion as of 2022 and a return on equity of 31.81%. Campus Activewear Ltd is headquartered in London, England.
– Metro Brands Ltd ($BSE:543426)
Macau-based Galaxy Entertainment Group Limited (GEG) is a gaming, entertainment, and resort conglomerate. The company develops, owns, and operates hotels, casinos, and integrated resorts in Macau, China. As of June 2020, GEG’s market capitalization was US$228.75 billion. The company’s return on equity was 46.6% as of 2020.
GEG was founded in 1988 by Lui Che Woo and is headquartered in Cotai, Macau. The company operates six integrated resorts in Macau, including the Galaxy Macau, Broadway Macau, StarWorld Hotel, and Hotel Okura Macau. GEG also has projects under development in Cotai, including the Galaxy Phase 3 development and the Wuhan International Resort.
Summary
Wolverine World Wide reported its third quarter earnings results for FY2023 on November 9, 2023. Total revenue was USD 527.7 million, a decrease of 23.7% compared to the same period a year ago. Net income decreased 77.9%, reaching USD 8.6 million.
Despite the year-over-year decreases, the stock price rose the same day, indicating investor confidence in the company’s overall performance and outlook. For investors considering Wolverine World Wide, it is important to consider the risks of investing in a company that has experienced a significant drop in revenue and profitability.
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