Revenue falls for Wolverine but group takes heart - footwearbiz: Lead

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Revenue falls for Wolverine but group takes heart from Q4 figures

21/02/2019
Revenue falls for Wolverine but group takes heart from Q4 figures
Footwear group Wolverine World Wide has reported full-year earnings figures for 2018 of more than $2.2 billion. The figure means a drop of 4.7% compared to 2017. 

Chief executive, Blake Krueger, said he took encouragement from growth of 4.6% in the last quarter of the year, driven by the group’s Merrell and Sperry brands. “We expect to build on this momentum and continue to invest in a variety of initiatives to drive revenue growth,” he said.

Image credit: Merrell.

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