USA: Wolverine Posts 6.3 Per Cent Jump In Q3 Profit
Footwear manufacturer Wolverine World Wide Inc on Friday posted a 6.3 per cent rise in third quarter profit as European acquisitions triggered higher sales and offset weakness in the US work boot market. The Michigan-based company, which makes brands including Hugh Puppies, Merrell and Wolverine, reported net income of $15.3 million, or 37 cents a share in the quarter to September 7, compared to $14.4m, or 34 cents a share, in the year-ago period.
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