Wolverine World Wide (WWW) Expects Second Quarter 2021 Revenue to Exceed Prior Year

Wolverine World Wide, Inc. (NYSE: WWW), which operates one of the world’s largest global portfolios of footwear and lifestyle brands, today provided a business update ahead of investor meetings taking place during the Baird 2021 Global Consumer, Technology, and Services Conference on June 8, 2021. The Company noted that its performance has accelerated in the second quarter of the year, fueled by the strength of its largest brands and compelling product innovation.

“The Company continues to see strong momentum and better-than-expected trends across nearly all brands in the portfolio, with Merrell, Saucony and Sperry leading the way,” said Blake W. Krueger, Wolverine Worldwide’s Chairman and Chief Executive Officer. “Our strong order book has continued to improve since the end of the first quarter, including nice gains in our international business. As such, we now expect second quarter 2021 revenue will exceed 2019 levels, and we are reiterating confidence in our latest full-year revenue outlook of $2,240 million to $2,300 million.” This outlook assumes no meaningful deterioration of current market conditions related to the COVID-19 pandemic during the remainder of 2021.

(*Consensus sees Q2 revenue of $590 million an FY revenue of $2.28 billion)

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