How did WWW's Q1 2024 EPS outperform forecasts?
4/6/2025 05:30pm
Wolverine World Wide's (WWW) Q1 2024 EPS outperformed forecasts due to a combination of factors:
1. **Revenue Outperformance**: WWW's total revenue for Q1 2024 was $394.9 million, which was slightly higher than the expected revenue of $391.44 million. This slight difference might not seem significant, but it contributed to the positive surprise.
2. **Cost Management**: The company effectively managed its costs, which helped in maintaining profitability despite the revenue being slightly below expectations. This is evident from the fact that WWW reported a surprise loss of $0.51 per share on revenues of $2.2 billion, which implies that the cost management efforts were successful in minimizing the loss.
In conclusion, WWW's Q1 2024 EPS outperformed forecasts due to a combination of revenue outperformance and effective cost management.