US-based footwear manufacturer Wolverine World Wide has announced its quarterly results, which surpassed market expectations. The company, which owns outdoor footwear brand Merrell, has raised its forecast for the year.

The company posted a first-quarter profit of $35.9 million, compared with $27.5 million a year ago.

Revenue rose 16% to $330.9 million, topping estimates of $324.4 million.

The company, which sells a range of casual, rugged outdoor and work footwear, has been revamping its offerings, and launching new products to drive sales. Merrell and Wolverine are among the company’s strongest brands.

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