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Revenues down 2.4% at Wolverine Worldwide in Q1 FY'12
23 Apr '12
4 min read
The Company is raising its full-year earnings per share guidance to a range of $2.70 to $2.80, representing growth of 8.9% to 12.9%, and revising its full-year revenue guidance to a range of $1.46 billion to $1.50 billion, representing full-year growth of 3.6% to 6.5%. This revised full-year guidance assumes continuing economic challenges in Europe, slight full-year gross margin expansion, modest full-year SG&A deleverage driven primarily by $10.5 million of higher non-cash pension expense, and a full-year effective tax rate of approximately 25.0%.
Krueger concluded, "Our outlook for the full year remains positive, and our powerful portfolio of brands continues to resonate with consumers around the globe. Significant global lifestyle trends continue to work in our favor, and we expect that 2012 will be another record year for the Company."
Wolverine World Wide, Inc. is one of the world's leading marketers of branded casual, active lifestyle, work, outdoor sport and uniform footwear and apparel.
Krueger concluded, "Our outlook for the full year remains positive, and our powerful portfolio of brands continues to resonate with consumers around the globe. Significant global lifestyle trends continue to work in our favor, and we expect that 2012 will be another record year for the Company."
Wolverine World Wide, Inc. is one of the world's leading marketers of branded casual, active lifestyle, work, outdoor sport and uniform footwear and apparel.
Wolverine World Wide Inc
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