• Wolverine Worldwide Q1 revenue up 20 percent, reaffirms FY outlook

    10 days ago - By Fashion United

    Image: Sweaty Betty, Facebook
    Wolverine Worldwide has reaffirmed its full-year outlook after reporting revenue and earnings ahead of expectations in the first quarter of the year.
    In the three months ending April 2, the US company reported a 20.4 percent year-over-year increase in revenue to 614.8 million dollars.
    Including the company's Sweaty Betty brand, direct-to-consumer revenue was up 24 percent. Excluding Sweaty Betty, DTC revenue was down 14 percent.
    Wolverine Worldwide made an operating margin of 3.2 percent in the quarter compared to 11.4 percent a year earlier.
    Its net income...
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