US footwear firm Wolverine World Wide has bolstered its third quarter profit and sales, attributing growth to its multi-brand strategy.

The company increased its net earnings to US$34.1m, compared to $26.8m in the third quarter of 2009.

Revenue totalled a record $320.4m in the quarter, ended 11 September, an increase of 11.7% versus the prior year. A slightly stronger US dollar in the quarter reduced revenue growth by 1.1%, the group said.

"The momentum in our business continues to build, and we are pleased to report excellent results for the third quarter, with record performance in both revenue and earnings per share," said Blake W Krueger, Wolverine's chairman and CEO.

"Our standout financial performance was broad-based, with all of our branded business units, including the consumer direct and leathers divisions, contributing to the strong revenue increase. Additionally, the Outdoor Group, Heritage Brands Group and Wolverine Footwear Group all delivered strong double-digit increases in operating profit. 

"The actions we took last year to position the Company for accelerated growth coming out of a recessionary environment are having the intended beneficial impact."

The company also boosted its full-year revenue guidance to a range of $1.200 to $1.220bn, representing growth of 9.0% to 10.8% versus the prior year.