Wolverine World Wide Reports Strong Fourth Quarter Results and Record Full-Year Earnings
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Wolverine World Wide (WWW) Tops Q4 EPS by 3c, Revenues Miss; Offers FY19 EPS/Revenue Mid-Point Guidance Below Consensus
February 20, 2019 6:32 AM ESTWolverine World Wide (NYSE: WWW) reported Q4 EPS of $0.52, $0.03 better than the analyst estimate of $0.49. Revenue for the quarter came in at $579.6 million versus the consensus estimate of $581.91 million.
Our Global Growth Agenda gained momentum in the fourth quarter, with underlying revenue growing 4.6% on a constant currency basis. This was the highest quarterly revenue growth of the year driven by our two largest brands Merrell and Sperry, said Blake Krueger, Wolverine World Wides Chairman, Chief Executive Officer and President. For the full-year, we achieved attractive underlying revenue growth and our efficient business model... More
