Financial

Wolverine outperforms in Q2, but lowers FY forecast

By 2022-08-11T04:43:00

WOLVERINE-WORLDWIDE-INC.1

Wolverine Worldwide, concerned about inventory escalation in various U.S. retail channels and the likelihood of higher wholesale order cancellations in the market for the remainder of the year, has lowered its FY22 outlook downward. Lingering supply chain delays and currency exchange rates also contributed to the revision. The adjustment was ...

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