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Article Date: February 2023
Word Count: 678

Wolverine Posts Huge Q4 Loss on Impairment


Net loss in the final quarter was $361.6 million against a loss of $14.6 million prior, pulled down by a $428.7 million impairment charge, on 5% higher revenues of $665.0 million up from $635.6 million, that would have been up more than 8% constant currency. The results were in-line with WWW’s pre-announcement at the ICR Conference, where it also mapped out progress on its 100-day action plan, and strategy for simplifying its overly complex business. Since then, it completed the sale of Keds to Designer Brands, and is continuing to shop ... Log in to view full article.

 


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