Financial

Wolverine establishes new brand structure, sets bigger focus on profit

By 2022-11-10T06:25:00

WOLVERINE-WORLDWIDE-INC.1

Shares in the Merrell, Saucony, Keds and Sweaty Betty declined more than 34 percent yesterday after the company missed its third-quarter earnings target and lowered its guidance for the FY. Wolverine World Wide Inc.’s shares are down 59 percent year-to-date. The full-year outlook calls for 14 percent currency-neutral revenue growth ...

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