Wolverine World Wide, Inc. has reported record net sales, operating income and record net earnings for the second quarter of 2002, with earnings per share in line with the consensus estimate.

Net sales and other operating income for the second quarter of 2002 grew 11.6% to $169.3 million from the $151.7 million reported for the second quarter of 2001. Net earnings for the quarter rose 2.7% to $9.1 million, or $0.21 per share compared to $8.9 million, or $0.205 per share reported for the same quarter last year.

Year-to-date, net sales and other operating income reached a record $346.6 million, an 11.8% gain from the $309.9 million reported for the first half of 2001. Net earnings for the first half of 2002 grew to a record $15.5 million, or $0.36 per share from $14.8 million, or $0.35 per share reported for the same period of 2001.

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