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Article Date: February 2018
Word Count: 555

Wolverine Worldwide Predicts Return to Growth in 2018

In closing out a year with a net loss of $60.3 million compared to a loss of $1.9 million last year for the 13 weeks ended Dec. 30 on a revenue decline of 21% to $578.6 million against $729.6 million, Wolverine declared that the heavy lifting in its transformation process was now behind it and it would see underlying growth in 2018 in the mid-single-digit range that would be led by high-single-digit growth in Merrell, stabilization at Sperry and growth in the rest of its portfolio. The Q4 this year, with 13 weeks in 2017 against 16 weeks in 2016, ... Log in to view full article.


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