Wolverine World Wide, Inc. has reported record revenue and earnings for its first quarter and has consequently increased its full-year 2008 earnings per share estimate.

Revenue totalled $288.2 million for the first quarter, a 2.6% increase compared with first quarter 2007 revenue of $281.1 million. Earnings per share increased to $0.46, a 17.9% increase over first quarter 2007 earnings per share of $0.39.

Chief executive and president, Blake Krueger says: “The outdoor group remained the company's leading profit contributor during the quarter, led by the Merrell businesses in the US and Europe. This marks the twenty-third consecutive quarter of record revenue and earnings per share for the company."

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