Wolverine reports record Q3 sales
Footwear manufacturer Wolverine World Wide, Inc. has reported record revenue for its third quarter of 2005, marking the 15th consecutive quarter of record revenue and net earnings for the company. Third quarter 2005 revenue totalled $279.1 million, a 7% increase over third quarter 2004 revenue of $260.9 million.
"We are pleased to have achieved another quarter of exceptional results," stated Timothy J. O'Donovan, the company's chairman and CEO. "This quarter's record performance reflects our successful global strategy which is focused on a strong portfolio of consumer brands. Three of our major operating groups, the Hush Puppies Company, the Heritage Group and the Outdoor Group all posted double-digit earnings gains, and the Wolverine Footwear Group matched its third quarter 2004 performance. Our International businesses contributed significantly to the quarter's revenue growth, reporting nearly a 17% increase."
Wolverine manufactures branded casual, active lifestyle, work, outdoor sport and uniform footwear and slippers. The company's portfolio includes: Bates, Hush Puppies, HYTEST, Merrell, Sebago and Wolverine.