ROCKFORD, Mich., Nov. 7, 2018 /PRNewswire/ — Wolverine World Wide, Inc. (NYSE: WWW) today reported financial results for the third quarter ended September 29, 2018. The Company also updated its full-year 2018 outlook.
“We reported strong earnings during the third quarter driven by healthy gross and operating margin expansion,” said Blake Krueger, Wolverine Word Wide’s Chairman, Chief Executive Officer and President. “Our Way Forward transformation initiatives continue to gain traction and deliver tremendous benefits as evidenced by better than expected operating leverage in the quarter. Underlying revenue growth in the third quarter was positive, and we expect underlying revenue growth for the fourth quarter to improve meaningfully as our growth initiatives take hold especially for our two largest brands, Merrell and Sperry.”