Footwear group Wolverine World Wide has reported revenues of $510.7 million for the first quarter of 2021, an increase of 16.3% compared to the same quarter last year. Net earnings for the quarter were up by 200%, reaching $38.4 million.

Chief executive, Blake Krueger, said revenues at the group’s Saucony brand had increased by 60%, while growth for the Merrell brand was nearly 25%.

He said the results had been “powered by our accelerated digital strategy and big, new product stories that are resonating with consumers”. He said Wolverine’s e-commerce business had grown by 84%, which was “well ahead of our expectations”.

Mr Krueger said 2021 would be “a breakthrough year” for Wolverine and that the first quarter had been “an excellent start”.

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