Financial

Strong Q1 leads Wolverine to raise guidance

By Frank Prenesti 2021-05-14T07:53:00

WOLVERINE-WORLDWIDE-INC.1

Wolverine Worldwide raised its guidance for the full financial year due to better-than-expected e-commerce growth in the first quarter and optimism over Covid-19 vaccine roll-outs. The group’s revenues in the three months to April 3 rose by 16.3 percent to $510.7 million, just about missing estimates of $511.8 million. The ...

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