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Wolverine World Wide: Q1 Earnings Insights


Company Description
Wolverine World Wide Inc is engaged in designing, manufacturing, sourcing, marketing, licensing and distributing branded footwear, apparel and accessories. The company s portfolio of brands is organized into the two operating segments of, Wolverine Michigan Group, which is the key revenue-generating segment, consisting of Merrell footwear and apparel, Cat footwear, Wolverine footwear and apparel, Chaco footwear, Hush Puppies footwear and apparel, Bates uniform footwear, Harley-Davidson footwear and Hytest safety footwear; and Wolverine Boston Group, consisting of Sperry footwear, Saucony footwear and apparel, Keds footwear and the Kids footwear business. It derives prime revenue from the United States.
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Wolverine Worldwide Exceeds Fourth-Quarter Revenue and EPS Expectations


Wolverine Worldwide Exceeds Fourth-Quarter Revenue and EPS Expectations
Owned eCommerce and two largest brands, Merrell and Saucony, power outlook for strong 2021 recovery
ROCKFORD, Mich., Feb. 25, 2021 (GLOBE NEWSWIRE) Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the fourth quarter and full year ended January 2, 2021.
“The Company delivered better-than-expected results for the fourth quarter and is poised to drive an accelerated recovery over the next twelve to eighteen months,” said Blake W. Krueger, Wolverine Worldwide’s Chairman and Chief Executive Officer. “During a year of unprecedented challenges, we took action focused on the rapidly changing consumer landscape. Our owned eCommerce revenue grew 50% in 2020, and we have planned further investment in this area to enable growth of 40% in 2021, significantly outpacing broader industry expectations. Our balance sheet is healthy, and our brands are well positioned in winning p ....

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