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Wolverine Worldwide Topped Q2 Estimates, Reaffirmed 2011 Gui
Wolverine Worldwide Topped Q2 Estimates,  Reaffirmed 2011 Gui
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Wolverine Worldwide Topped Q2 Estimates, Reaffirmed 2011 Gui
Wolverine Worldwide (NYSE:WWW) reported Q2 EPS of $0.48, ahead of consensus estimates of $0.46 per share. Revenues for the quarter rose 20.1% year-over-year to $310.1 million, topping consensus estimates of $294.2 million.The company sees 2011 EPS of $2.40 to $2.50, vs. consensus estimates of $2.48 per share, on revenues of $1.38 billion to $1.42 billion, vs. consensus estimates of $1.41 billion.Blake W. Krueger, Chairman and Chief Executive Officer stated, "Our recent revenue performance clearly demonstrates the broad strength of our portfolio and the benefits of consistent investment in brand-building initiatives. The outstanding financial results in the second quarter were led by strong double-digit revenue increases in all branded groups, most notably in the Outdoor Group and our Merrell brand."Wolverine World Wide is currently above its 50-day moving average (MA) of $39.24 and above its 200-day of $34.65.
Channel: Voxant Newsroom
Category: Business
Video Length: 0
Date Found: July 12, 2011
Date Produced: July 12, 2011
View Count: 0
 
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