US: Wolverine World Wide boosts Q4 profit
- Q4 net income up 65%
- FY revenue of $1.249bn, an increase of 13.4%
- Q4 revenue up 23.2%
US footwear group Wolverine World Wide has posted Q4 net income of $25.6m, compared to $16.7m in the same period last year, forecasting "an excellent 2011".
"We are extremely pleased with the Company's exceptional financial performance in 2010, highlighted by record revenue and record earnings per share," said Blake W Krueger, the company's chairman and CEO. "All four branded operating groups contributed to the year's record results, and all geographic regions delivered double-digit revenue growth."
The company said in its outlook it expects fiscal 2011 revenue in the range of $1.350bn to $1.390bn, representing growth of 8.1% to 11.3% versus the prior year.
Click here to view Wolverine's full fourth quarter financial statement.
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