Wolverine World Wide (WWW) Misses Q3 EPS by 2c, Trims FY Guidance

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Wolverine Worldwide Reports Strong Double-Digit Quarterly Revenue Growth With Robust Demand Continuing Into 2022

November 10, 2021 6:30 AM EST

ROCKFORD, Mich.--(BUSINESS WIRE)-- Wolverine World Wide, Inc. (NYSE: WWW) today reported strong financial results for the third quarter ended October 2, 2021, and updated its 2021 fiscal-year revenue and earnings outlook to reflect recent supply chain challenges.

The Company delivered strong double-digit revenue growth and exceptional earnings leverage, despite the increased supply chain disruption caused by Vietnam factory closures and global logistics delays said Blake W. Krueger, Wolverine Worldwides Chairman and Chief Executive Officer. Merrell was hit hardest by Vietnam factory closures but still delivered mid-single-digit growth. Saucony and Sperry both drove over 40% revenue... More