Wolverine Worldwide Announces Record Third-Quarter Earnings

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ROCKFORD — Wolverine Worldwide reported financial results for its third fiscal quarter that included revenue of $711.1 million, — down 0.08% versus the prior year, but in line with the company’s previous guidance — and strong adjusted diluted earnings per share growth of 8.6%.

“Highlighting the strength of our diverse global business model, strong revenue results across multiple geographies, particularly Asia Pacific and EMEA, offset what continues to be a somewhat tepid retail environment in the U.S.,” says Blake W. Krueger, Wolverine Worldwide’s chairman and chief executive officer. “We still expect 2014 to be another year of record revenue and record earnings for the company, driven by the global appeal of our brand portfolio, and our disciplined operations.”

Based on these third-quarter results and expectations for the balance of the year, Wolverine Worldwide is adjusting its outlook for full-year consolidated revenue to approximately $2.745 billion, representing growth of approximately 2% compared to the prior year’s revenue of $2.69 billion.

Wolverine Worldwide is one of the world’s leading marketers of branded casual, active lifestyle, work, outdoor sport, athletic, children’s, and uniform footwear and apparel.

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