EXEC: Wolverine World Wide Sees Q1 Revenues Top Guidance
May 11, 2022
Wolverine World Wide reported revenues and operating margins in the first quarter exceeded expectations. Better-than-expected performances by Saucony and Sperry and strong international growth helped overcome shortfalls in its e-commerce operations and at Sweaty Betty.
In the quarter, sales rose 20.4 percent to $614.8 million, ahead of company guidance calling for sales in the range of $595 million to $610 million. SGB Media