Leather and retail sector boosts Q2 results at Wolverine
Footwear company Wolverine World Wide, Inc. has reported second quarter revenue at $238.5 million, a 10.5% increase over second quarter 2005 revenue of $215.7 million. For the first half of 2006, revenue reached $501.3 million, an 8.8% gain over the $460.9 million reported for the first half of 2005.
All four of the company’s major branded footwear groups, as well as its Leather and Retail operations, reported double-digit profit improvements in the first six months of the year.
The company now expects revenue to range from $1.120 billion to $1.140 billion, up from the previous estimate of $1.110 to $1.130 billion.