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.

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