Wolverine World Wide Has Profit Against Loss in Q4
Net income was $10.7 million against a loss of $1.7 million in the final quarter ended Jan. 3 as revenues rose 9% to $808.9 million from $740.8 million. This year’s results included one-time charges of $23.8 million related to restructuring and integration costs compared to $19.3 million last year. For the full year, net income grew to $133.1 million from $100.4 million on 3% top line expansion to $2,761.1 million. One-time charges totaled $42.2 million this year against $49.8 million last year.
Facing the macroeconomic challenges of a stronger U.S. dollar, expected as a $0.18 a share drag on FY15 EPS, ... Log in to view full article.