2020-04-22 06:34:05 WWW Wolverine World Wide
04/22/20 04/2206:34 04/22/2006:34 | Wolverine World Wide reports Q1 initiatives to mitigate COVID-19 impactWolverine World Wide highlighted measures taken during Q1 to prioritize liquidity, cash preservation, and asset management in response to the current environment. Over $500M in cash preservation initiatives have been implemented, which are now expected to enable the company to generate $150M-$200 M of operating cash flow in 2020. The key initiatives include: drawing down the remainder of its revolving credit line, a total of $367M; reducing planned inventory receipts by approximately $300M, resulting in an expected meaningful decline in year-end inventory compared to the prior year; postponing $25M of capital expenditures scheduled for 2020 until business conditions stabilize; reducing planned operating expenses by an estimated $100M for the remainder of 2020, including the implementation of select furloughs, organizational changes, and compensation changes for the company's management team. |
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TravelCenters reports Q4 EPS (42c) consensus (26c) »
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Live Nation reports Q4 revenue $237.3M, consensus $209.62M »
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NeoPhotonics reports Q4 adjusted EPS (14c) consensus (17c) »
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Evans Bancorp announces buyback for up to 300K share of common stock
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Extended Stay America reports Q4 adjusted FFO 36c, consensus 3c »
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Glaukos sees Q1 net sales up approx. 15%-20% vs. last year
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Glaukos reports Q4 EPS (24c) consensus (29c) »
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Altair sees FY21 revenue $423M-$431M, consensus $486.22M »
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Health Catalyst sees FY21 revenue $225.1M-$228.1M, consensus $225.88M
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Health Catalyst sees FY21 revenue $225.1M-$228.1M, consensus $225.88M
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