Wolverine says Q2 growth is a good early sign - sportstextiles: Lea SportsTextiles

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Wolverine says Q2 growth is a good early sign

08/08/2018
Outdoor footwear group Wolverine World Wide has reported revenues of just over $1.1 billion for the first six months of 2018. This represents a fall of 7.4% compared to the figure for the first half of last year. However, its earnings before tax were more than 180% higher at $122.6 millon.

On releasing the results, chief executive, Blake Krueger, commented that the second quarter of the year had gone particularly well for the group, with its Merrell and Sperry brands meriting special mentions. “Underlying growth during the quarter was the highest since the second quarter of 2015,” he said, “and reflects early progress towards our global growth agenda.”


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