Wolverine reports record Q1 results
US-based marketer of branded casual, active, work, outdoor sport and uniform footwear, Wolverine World Wide, Inc., has reported record revenue for its first quarter ended on March 26, 2005.
The company achieved revenues totalling $245.2 million, a 9.0% increase over first quarter 2004 revenue of $224.9 million.
Timothy J. O'Donovan, the company's president and CEO, stated, "Our first quarter results were driven by our strong global brands and product innovation resulting in accelerated consumer demand for the company's products. Operating improvements occurred throughout the business with