Wunderlich Securities Downgrades Wolverine World Wide (WWW) to Hold

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Go back to Wunderlich Securities Downgrades Wolverine World Wide (WWW) to Hold

Wolverine World Wide (WWW) Prelim. Q4, FY14 Revs Top Views; Offers FY15 Outlook

January 12, 2015 4:35 PM EST

Wolverine World Wide (NYSE: WWW) announced preliminary, unaudited financial results for its fourth fiscal quarter and full-year 2014 ended January 3, 2015. In addition, the Company provided its initial outlook for fiscal 2015. The Company expects to report full fiscal-year 2014 results, along with additional commentary for fiscal 2015, on February 17, 2015.

2014 PRELIMINARY RESULTS

Fourth-quarter and full-year 2014 financial results - on a preliminary, unaudited basis - are expected to include the following highlights. Adjusted financial results exclude expected acquisition-related integration and restructuring costs.

Revenue for the fourth quarter of approximately $808 million, representing growth of 9.1% compared to prior-year... More