Skip to main content

Wolverine: Q4 Earnings Snapshot

By The Associated Press

ROCKFORD, Mich. (AP) — ROCKFORD, Mich. (AP) — Wolverine World Wide Inc. (WWW) on Thursday reported fourth-quarter profit of $31.8 million.

The Rockford, Michigan-based company said it had net income of 38 cents per share. Earnings, adjusted for non-recurring costs, came to 45 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The footwear maker posted revenue of $517.5 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $514.6 million.

For the year, the company reported profit of $95.8 million, or $1.14 per share. Revenue was reported as $1.87 billion.

Wolverine expects full-year earnings in the range of $1.35 to $1.50 per share, with revenue in the range of $1.96 billion to $1.99 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WWW at https://www.zacks.com/ap/WWW

Western Europe breaks temperature record in summer plagued by heatwaves and wildfires

By CNN
(CNN) — The first two months of summer in western Europe have been the hottest on record, the European Union’s climate monitor said Monday, as the continent grapples with devastating wildfires and braces for yet another heatwave.The average temperature for June and July was 21.62 degrees Celsius (70.9 Fahrenheit), about 2.79 degrees above the average, and surpassing the previous heat record set in 2022, said the Copernicus climate change service.July was also the hottest month ever logged for the world’s non-polar oceans, Copernicus said, with record high temperatures set along the Atlantic and western Mediterranean, putting sea life and coastal communities at risk. The conditions were partly fueled by the so-called “Super” El Niño weather pattern developing in the pacific.The continent has been hit by a string of deadly heatwaves, with more hot temperatures forecast for this week. Heat has killed more than 25,000 people across Europe this year, according to data compiled by Bloomberg.Europe is the world’s fastest-warming continent but is particularly ill-equipped to withstand heat, due to older infrastructure and a lack of air conditioning.The scorching temperatures and persistent droughts in June and July mutually reinforced each other to create a hot weather spiral, according to Samantha Burgess, strategic lead for climate at the European Centre for Medium-Range Weather Forecasts.“As soils dry out, they lose their ability to provide natural cooling, allowing heat to build more readily,” Burgess said, adding that it was “a clear example of how climate change is intensifying heat extremes.”Surface soil moisture levels across western Europe in July 2026 were also “significantly lower” than in July 2022, the last summer the region saw extreme drought, with “exceptional to record deficits” for rain and soil moisture in France, Spain and parts of Germany and the United Kingdom, the scientists found.The record-breaking summer heat has fostered conditions for Europe’s record-setting wildfires, which have displaced hundreds of thousands of people and burned more than 1.23 million acres of land, mainly in Spain, France and Italy, according to an August 6 report by the EU.Beyond the scorched land, the fires have also had a broader effect across the continent, increasing emissions and disrupting air quality, said Laurence Rouil, director of the Copernicus Atmosphere Monitoring Service.“Larger fires produce more smoke and inject it higher into the atmosphere, meaning it can travel further and impact air quality not only locally, but across the wider region,” Rouil said.Severe droughts have also sucked the water from Europe’s major rivers, particularly the Seine, the Rhine and the Danube, threatening the continent’s energy supply.Hungary and Romania were forced to temporarily shut down nuclear reactors cooled by the Danube, Europe’s second-longest river, which has experienced such low water levels that the crisis can be observed from space.Richard Allan, a climate science professor at the University of Reading in England previously told CNN the these record river lows are likely to be broken again in the future and that this “will only be the top of the iceberg.”“Managing water resources will become progressively more challenging.”The-CNN-Wire™ & © 2026 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
Read Next Story

Related Stories

Latest News
Powerball jackpot climbs to $905 million ahead of tonight’s drawing, the largest of the year
1 hour ago

Powerball jackpot climbs to $905 million ahead of tonight’s drawing, the largest of the year

Trump enfrenta un problema con Irán al estilo Carter mientras la economía se desacelera antes de las elecciones intermedias

Trump has a Carter-style Iran problem as the economy drags before the midterms

Mother, 5-month-old die in New York Harbor after boat capsized; Captain arrested

Netanyahu calcula que irritar a Trump es su opción menos mala sobre Gaza