Wolverine World Wide (WWW) Tops Q1 EPS by 2c, Offers Guidance
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Wolverine Worldwide Delivers Strong First Quarter and Reiterates Full-Year Outlook
May 11, 2022 6:30 AM EDTFirst quarter revenue of $615 million grew 20% with continued momentum across brands
ROCKFORD, Mich.--(BUSINESS WIRE)-- Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the first quarter ended April 2, 2022.
We delivered strong financial results in the quarter despite continued supply chain challenges and macro headwinds, said Brendan Hoffman, Wolverine Worldwides President and Chief Executive Officer. Revenue and operating margin exceeded expectations, despite gross margin pressure related to higher supply chain costs and channel mix shift. We are encouraged to see continued strong demand across brands and... More
