Wolverine World Wide (WWW) Tops Q2 EPS by 1c; Offers FY22 Revenue Guidance
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Wolverine Worldwide Delivers Record Second Quarter Revenue and Strong Earnings; Updates Full-Year Outlook
August 10, 2022 6:30 AM EDTSecond quarter revenue grew 13% and EPS exceeded expectations
ROCKFORD, Mich.--(BUSINESS WIRE)-- Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the second quarter ended July 2, 2022.
"Despite a slowdown in June shipments, we are pleased with delivering record organic revenue in the quarter. We are encouraged by 14% growth in our largest brand Merrell, and 45% growth in our international business. We faced unplanned headwinds related to elevated customer inventory, a stronger US dollar, and some lingering supply chain delays, but our operating margin was... More
