CEO Chris Hufnagel, 151 days on the job, updated the company’s progress within its strategic transformation strategy earlier today to attendees at the 2024 ICR Conference. Ahead of his comments and those of CFO Mike Stornant, WWW issued preliminary Q4 and FY23 guidance for revenues of $527 million and $2.24 billion, respectively, in line with Nov. guidance. Gross margin for the quarter and the year are expected to come in above 39% and 36%, respectively, also in line with forecasts. Year-end inventory, meanwhile, is pegged at $460 million, a 6% improvement ... Log in to view full article.