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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.

 


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