Wolverine Worldwide Guides for 6% Growth This Year
Net earnings attributable to shareholders were up 8% to $25.1 million from $23.2 million for the third quarter as revenue gained 7% to $470.3 million from $440.2 million on an Active Group improvement of 11% to $352.8 million. This was partially offset by the Work Group dipping 3% to $105.9 million, while the small Other segment was off 7% to $11.6 million. International was a bright spot, posting 14% growth to $242.7 million in sales. The direct-to-consumer channel declined 5% to $106.8 million, primarily due to lower promotional activity in the ... Log in to view full article.