USA: Wolverine Profits, Sales Rise In Q2
Leading footwear marketer Wolverine World Wide Inc today posted a 2.7 per cent year-on-year rise in second quarter net profit to $9.1 million as consumers snapped up its Harley Davidson and Bates brands.
The Michigan-based company, whose other brands include Hush Puppies and Merrell, said net sales climbed 11.6 per cent to $169.3m from $151.7m in the year-ago period. It added it expects full-year sales of $820m to $830m and earnings in the range of $1.12 to $1.15 per share.
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