Wolverine raises guidance due to strong first quarter

WOLVERINE-WORLDWIDE-INC.1

Footwear company Wolverine Worldwide raised full-year guidance due to better-than-expected e-commerce growth and optimism over Covid-19 vaccine rollouts. Revenues in the three months to April 3 rose 16.3 percent to $510.7 million but missed estimates of $511.8 million.

Already subscribe to The Outdoor industry Compass? Sign in here.

barrier_image_OIC

Limited Time Offer!

Subscribe today with 50% off your first year. Cancel at anytime

  • Insights you won’t find anywhere else about outdoor brands and retailers and the outdoor market
  • Highly trusted business information you can rely on to make important decisions
  • Guest chronicles, interviews, insights from industry experts and leaders that are shaping the future of the industry

 

To continue reading this article Register Now