Wolverine announces 25% increase in Q1 earnings – brushes off leather supply worries

23/04/2001

Wolverine Worldwide Inc., the US-based manufacturer of Merrell boots and Hush Puppy shoes , last week surprised the markets by announcing a 25% rise in first-quarter earnings. The company also took the opportunity to play down the effects of the recent hikes in the price of leather, stating that it did not expect this to significantly impact on sales.