Wolverine World Wide (WWW) Tops Q3 EPS by 1c; Issues Flat FY16 Outlook

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Wolverine Worldwide Announces Third-Quarter Results

October 18, 2016 6:30 AM EDT

ROCKFORD, Mich., Oct. 18, 2016 /PRNewswire/ -- Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the third quarter ended September 10, 2016.  Adjusted financial results exclude restructuring and impairment costs as well as debt extinguishment and other costs.  References to underlying revenue indicate reported revenue adjusted for the impact of foreign exchange, retail store closures, and the exit of the Cushe business.

"We delivered strong earnings results on revenue in line with our expectations for the third quarter, despite the tepid retail environment," said Blake W. Krueger, Wolverine Worldwide's Chairman, Chief... More