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The substantial guidance miss and major selloff indicate declining investor confidence, reminiscent of past struggles.
What happened, with direct paths to the underlying reporting
Wolverine stock fell nearly 21%, its largest drop in two years. Company's soft 2025 guidance doesn't meet analyst expectations. Net income increased to $24.6 million, improving from last year's loss. Gross margins improved significantly to 44% despite revenue decline. Stock has dropped 33% year-to-date, underperforming S&P 500.
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