Wolverine Eyes Market Share Gains At Saucony And Merrell Amid Pandemic
November 5, 2020
In the third quarter ended Sept. 26, revenues declined 14.1% to $493.1 million due to the pandemic’s ongoing impact. On a constant-currency basis, revenue was down 14.6%. Net earnings fell 55.3% to $21.7 million. Reported operating margin was 8.6% compared to 11.9% in the prior year. Adjusted operating margin was 10.6% compared to 14.1% in the prior year. Read more on SGB Media.