Wolverine World Wide (WWW) Tops Q4 EPS by 2c; Guides In-Line

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Wolverine Worldwide Reports Fourth-Quarter And Full-Year Results And Announces 2017 Outlook

February 22, 2017 6:30 AM EST

ROCKFORD, Mich., Feb. 22, 2017 /PRNewswire/ -- Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the fourth quarter ended December 31, 2016.  Adjusted financial results exclude restructuring and impairment costs, organizational transformation costs, and 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.

"Our diverse portfolio of global brands, exceptional operating platform, and strong business model continue to fuel a powerful earnings engine, even when faced with the current retail environment," said Blake... More