Preview - Please log in to view full article.

Article Date: August 2017
Word Count: 391

Wolverine World Wide Net Dips but Sees Solid Progress in Turnaround

Net income was $20,700,000 for the 13 weeks ended Jul. 1 this year against $24.0 million for the 12 weeks ended Jun. 16 as sales improved 3% to $598,800,000 from $583,700,000, but adjusted results that exclude the impact of restructuring moves, store closures exchange, exchange and portfolio changes as well as the extra week in this year showed underlying revenue gained 1% to $598.8 million compared to $593.9 million and adjusted net income would have been $45.6 million this year compared to 25.9 million. The results were easily ahead of guidance for slightly down earnings and WWW upped guidance for ... Log in to view full article.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.