Interviews
News Flash
Wolverine achieves record revenue of $1.221 bn for full fiscal year
05 Feb '09
4 min read
The Company expects more challenging trading conditions and comparisons in the first half of this year, especially considering the impact of the stronger U.S. dollar. As a result, the Company is currently projecting 2009 revenue in the range of $1.160 billion to $1.240 billion on a constant currency basis, down 5.0% to up 1.6% from the prior year. The negative impact of foreign exchange is expected to reduce full-year reported revenue by approximately $90 million compared to 2008.
Earnings are expected to be in the range of $1.50 to $1.70 per fully diluted share, prior to the impact of the Company's previously announced strategic restructuring plan. Included in this range is a $0.15 per share reduction related to a stronger U.S. dollar and $0.12 per share of incremental pension expense. Excluding these items, the Company is projecting earnings in the range of $1.77 to $1.97 per share.
Earnings are expected to be in the range of $1.50 to $1.70 per fully diluted share, prior to the impact of the Company's previously announced strategic restructuring plan. Included in this range is a $0.15 per share reduction related to a stronger U.S. dollar and $0.12 per share of incremental pension expense. Excluding these items, the Company is projecting earnings in the range of $1.77 to $1.97 per share.
Wolverine World Wide Inc
Popular News
Leave your Comments
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
