Bolstered by some momentum at the key Merrell brand and modest growth in the U.S. market, Wolverine World Wide declared that it would reach its target of a 12% operating margin for 2018 as it reported net income of $23.2 million, down 52% from $48.2 million for the 13 weeks ended Sep. 30 as revenues declined 4% to $581.3 million from $603.7 million. WWW noted that adjusted revenue was down 8% accounting for a calendar change but underlying revenue adjusted for store closures, licensing the Sperry brand and the disposal of certain businesses was up 1%. Operating margin in Q3 ... Log in to view full article.