Wolverine Worldwide’s net loss for the fourth quarter ended Dec. 28 was $0.5 million including a $64.4 million charge for the PFAS environmental cleanup, against earnings of $39.3 million for 2018, on revenues that increased 5% to $607.4 million from $579.6 million. Adjusted operating profit was $61.3 million vs. $62.1 million last year. WWW shares were off just over 4%, but that was more the result of ramped up fears of coronavirus spreading outside of China than the small top line miss. Gross margin in the quarter contracted 140 b.p. to 37.8%, while SG&A expenses grew 3% to $170.7 million ... Log in to view full article.