Wolverine World Wide reports Q2 adjusted EPS 35c, consensus 24c

Reports Q2 revenue $474.2M, consensus $451.13M. “Our Q2 results exceeded our expectations, which led to the strongest revenue growth we’ve seen in several years. This growth, coupled with another quarter of record gross margin, helped more than double our earnings per share year-over-year,” said Chris Hufnagel, President and CEO of Wolverine Worldwide. “We’re executing our new brand-building model at pace, and we’ve made meaningful strides in improving the profitability of the business, along with strengthening the balance sheet. I remain confident in the things we can control as we navigate continued uncertainties due to the global trade and consumer environment. We’re building a new company, and we’re driven by our vision to make every day better – focused squarely on our consumers and delivering value for our shareholders.”