Record Q2 revenues for Wolverine
10/07/2013
Revenue was a record $587.8 million, up 88% on the same period in 2012. Sperry Top-Sider, Keds, Saucony, and Harley-Davidson Footwear were the brands that led revenue growth in the quarter, the group said.
Overall, Wolverine said its positive results had been driven by better-than-expected sales of shoes under the Sperry Top-Sider, Saucony, Stride Rite and Keds brands, which it acquired from Collective Brands in 2012.
Chief executive, Blake Krueger, said on announcing the results: “The combined power of our brand portfolio is virtually unmatched in the industry, and the continuing global consumer interest in authentic brands anchored in performance and heritage positions us well for future growth.”
In total, the Wolverine group now encompasses 16 footwear brands.
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