Wolverine reports record full-year revenues
18/02/2014
Revenues increased to a record $2.7 billion, representing growth of 5.6% compared to a “pro forma” figure for 2012, but of 64% compared to officially reported figures. The divergence is because Wolverine’s acquisition of the Sperry Top-Sider, Saucony, Keds, and Merrell brands contributed some revenue in 2012, but not a full year’s worth, affecting comparisons between the two years.
Chief executive, Blake Krueger, said every market had delivered strong growth in 2013, with the exception of Europe. He said results for Europe were still in keeping with expectations.
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