Wolverine Worldwide begins year with growth

By

Sarah Ahssen

Published
Apr 30, 2015

For its first quarter ending on March 28, US footwear group Wolverine Worldwide recorded 631.4 million dollars in turnover, up slightly by 0.6% compared to the same period last year. At constant exchange rates, sales grew by 3.4%. Growth was partially slowed by the exit of the Patagonia Footwear license.

Wolverine Worldwide’s net earnings, meanwhile, grew to 40.1 million dollars, up 7.7%, and consolidated revenue reached 63.6 million dollars as compared to 57.5 million one year earlier. 

In detail, its lifestyle division (Sperry Top-Sider, Stride Ride, Keds, Hush Puppies...) saw its sales reach 243 million dollars, up 2.1%. Its heritage division (Sebago, Wolverine and Harley-Davidson footwear license) saw sales at 126.1 million dollars, up 4.5%; while its performance division saw sales fall by 2.2% to $243.4 million. 

For the entirety of its 2015 fiscal year, Wolverine expects revenues between 2.82 billion dollars and 2.87 billion dollars, an increase of between 2 and 4%.