Wolverine World Wide (WWW) Tops Q4 EPS by 5c; Guides FY16 Below Expectations
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Wolverine Worldwide Reports Full-Year Results in Line With Guidance and Provides 2016 Outlook
February 23, 2016 6:30 AM ESTROCKFORD, Mich., Feb. 23, 2016 /PRNewswire/ -- Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the fourth quarter and full year ended January 2, 2016. Adjusted financial results exclude restructuring and impairment, acquisition-related integration costs and debt extinguishment costs. References to underlying revenue indicate reported revenue adjusted for the impact of foreign exchange, retail store closures, and the exit of certain brand businesses (Patagonia footwear in 2015 results and Cushe in 2016 guidance).
"We finished the year with both revenue and adjusted earnings per share in line with our expectations for the fourth... More
